KKR & Co. L.P. General Counsel David Sorkin Sells 8,475 Shares (KKR)
KKR & Co. L.P. (NYSE:KKR) General Counsel David Sorkin unloaded 8,475 shares of KKR & Co. L.P. stock on the open market in a transaction dated Thursday, July 31st. The stock was sold at an average price of $22.97, for a total value of $194,670.75. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on KKR shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of KKR & Co. L.P. in a research note on Friday, July 25th. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, analysts at Credit Suisse upgraded shares of KKR & Co. L.P. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $33.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.05.
Shares of KKR & Co. L.P. (NYSE:KKR) traded down 0.13% during mid-day trading on Friday, hitting $22.89. 4,291,568 shares of the company’s stock traded hands. KKR & Co. L.P. has a 52 week low of $18.74 and a 52 week high of $26.50. The stock’s 50-day moving average is $24.47 and its 200-day moving average is $23.8. The company has a market cap of $9.510 billion and a P/E ratio of 8.92.
KKR & Co. L.P. (NYSE:KKR) last announced its earnings results on Thursday, July 24th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.64 by $0.02. The company had revenue of $249.37 million for the quarter, compared to the consensus estimate of $297.80 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. On average, analysts predict that KKR & Co. L.P. will post $2.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 19th. Investors of record on Monday, August 4th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 11.71%. The ex-dividend date is Thursday, July 31st. This is an increase from KKR & Co. L.P.’s previous quarterly dividend of $0.43.
KKR & Co L.P. (NYSE:KKR) is a global investment company.
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