|Bid||21.40 x 400|
|Ask||21.41 x 4500|
|Day's Range||21.14 - 21.49|
|52 Week Range||16.95 - 24.50|
|PE Ratio (TTM)||10.99|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||0.68 (3.28%)|
|1y Target Est||25.73|
In 4Q17, Berkshire Hathaway’s (BRK.B) Services segment benefited from consumer spending, which drove revenue growth of 4% on a YoY (year-over-year) basis to $7.1 billion. Its revenue rose on NetJets, electronics, and media, which have traditionally delivered growth for the company over the past few years. In 1Q18, its revenue is expected to be subdued on a sequential basis, but it could see marginal growth of 3%–4% on a YoY basis on NetJets, furniture, and retailing.
Berkshire Hathaway (BRK.B) operates in the energy sector through Berkshire Hathaway Energy (or BHE). Natural gas utilities have seen some pressure on the demand front mainly due to higher input costs driven by higher oil prices (USO). MidAmerican and Northern Powergrid witnessed higher sales costs resulting in lower profitability in 4Q17.
Optiv Security, the world’s leading security solutions integrator, today announced “Assessments@Optiv,” a comprehensive portfolio of assessment services designed to help organizations rationalize infrastructure, optimize operations, and build risk-centric cyber security programs that are manageable, measurable and effective.
KKR, a leading global investment firm, today announces that it intends to appoint David Haines as Executive Chairman of the Global Spreads Business, subject to and effective from the successful completion of the transaction with Unilever.
The Carlyle Group’s (CG) NTM (next-12-month) PE (price-to-earnings) ratio is 7.7x, lower than competitors’ average of 9.6x. Peers Ameriprise Financial (AMP), Ares Management (ARES), and KKR (KKR) have NTM PE ratios of 9.5x, 11.4x, and 7.9x, respectively.
The Carlyle Group (CG) generates fee revenue from net portfolio advisory, fund management, and net transaction fees. In 4Q17, the company generated total fee revenue of $305.4 million, of which fund management fees contributed $289.8 million (94.8%). During the same period, the company generated total segment revenue of $0.97 billion. In comparison, competitors (XLF) The Blackstone Group (BX), KKR (KKR), and Apollo Global Management (APO) generated revenue of $1.9 billion, $0.40 billion, and $0.86 billion, respectively, in 4Q17.
The Carlyle Group (CG) has acquired four French logistics assets from CBRE Global Investors. Industrial assets have seen strong demand due to economic recovery and upward momentum in the e-commerce sector. Carlyle plans to make further deployments in Western European markets and France, which could expand the company’s reach.
The Carlyle Group’s (CG) Corporate Private Equity segment’s carry funds rose 8% in 4Q17 and 32% in 2017. However, this strong momentum is not expected to continue in 1Q18, mainly due to equity markets’ performance. In 1Q18, private equity players’ (XLF) fundraising activities are expected to be impacted by trade war tensions resulting in equity market fluctuation. However, lower fundraising could also lead to lower fundraising expenses.
The Carlyle Group’s (CG) global credit segment generated fund-level fee revenue of $192.2 million in 2017, representing a YoY (year-over-year) decline. Between 2016 and 2017, the segment’s fund management fees fell to $191.5 million from $195.5 million, and its total performance fees rose to $59.1 million to $37.8 million. However, the segment’s total revenue rose to $282.5 million from $264.2 million.
Investors Overwhelmingly Approve New Partnership PHILADELPHIA and NEW YORK , April 9, 2018 /PRNewswire/ -- FS Investments and KKR today announced the closing of their previously announced transaction to ...
Stock Monitor: Medley Management Post Earnings Reporting LONDON, UK / ACCESSWIRE / April 6, 2018 / Active-Investors.com has just released a free research report on KKR & Co. L.P. (NYSE: KKR ). If you want ...
Optiv Security, the world’s leading security solutions integrator, today announced that it has been named a Major Player in the IDC MarketScape: Canadian Security Services 2018 Vendor Assessment.
Cherwell Software, LLC, a global leader in enterprise service management, announced today that leading global investment firm KKR will take a larger stake in the company through its Next Generation Technology Fund, which focuses on investments in software, security, Internet, digital media, and information services.
Optiv Security, a leading security solutions integrator, today announced it has earned Frost & Sullivan’s 2018 Competitive Strategy Innovation and Leadership Award in the North American managed and professional security services market.
On March 13, 2018, the Blackstone Group (BX) announced that it is acquiring a minority equity stake in Rockpoint, a private equity giant. The acquisition is being considered a passive investment and means that Blackstone won’t be actively participating in management’s decision-making process. The Carlyle Group (CG) and 22C Capital also made a strategic minority investment in DiscoverOrg.
KKR & Co. L.P. announced today that 2017 Schedule K-1 tax forms for the common units, Series A preferred units and Series B preferred units of KKR & Co. L.P. are available for immediate access on the Investor Relations section of KKR’s website at http://ir.kkr.com/kkr_ir/kkr_taxinfo.cfm.
Global investment firm KKR today announced the launch of Cue & Co., the first one-stop digital marketing company for the Chinese market.
Privately held energy company Venado Oil & Gas LLC and investment firm KKR & Co. have acquired Cabot Oil & Gas Corp.’s Eagle Ford assets for $765 million.
Venado Oil and Gas, LLC and KKR today announced that they have closed on the acquisition of the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation for a purchase price of $765 million, subject to customary closing adjustments.