Share on StockTwits
 

KKR (NYSE:KKR) announced a quarterly dividend on Friday, February 7th, Analyst RN reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.48 per share on Tuesday, March 4th. This represents a $1.92 annualized dividend and a dividend yield of 8.04%. The ex-dividend date is Thursday, February 13th. This is an increase from KKR’s previous quarterly dividend of $0.23.

A number of analysts have recently weighed in on KKR shares. Analysts at Deutsche Bank initiated coverage on shares of KKR in a research note to investors on Tuesday, January 28th. They set a “hold” rating and a $25.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of KKR from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $27.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of KKR from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, November 14th. They now have a $27.00 price target on the stock, up previously from $24.00. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $23.50.

KKR (NYSE:KKR) traded up 1.17% on Friday, hitting $24.17. The stock had a trading volume of 1,762,797 shares. KKR has a one year low of $17.16 and a one year high of $26.50. The stock’s 50-day moving average is $24.78 and its 200-day moving average is $22.30. The company has a market cap of $6.964 billion and a P/E ratio of 13.48.

KKR (NYSE:KKR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.36. The company had revenue of $224.90 million for the quarter, compared to the consensus estimate of $371.90 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, analysts predict that KKR will post $2.83 earnings per share for the current fiscal year.

KKR & Co L.P. (NYSE:KKR) is a global investment company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.