A Stock With Stellar Fundamentals? KKR & Co. Inc (NYSE:KKR): Is It Right For You?

In yesterday’s Wall Street session, KKR & Co. Inc (NYSE:KKR) shares traded at $62.30, down -0.18% from the previous session.

As of this writing, 19 analysts cover KKR & Co. Inc (NYSE:KKR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $91.00 and a low of $65.00, we find $75.00. Given the previous closing price of $62.41, this indicates a potential upside of 20.17 percent. KKR stock price is now 2.95% away from the 50-day moving average and 10.47% away from the 200-day moving average. The market capitalization of the company currently stands at $55.11B.

There are 2 analysts who have given it a hold rating, whereas 15 have given it a buy rating. Brokers who have rated the stock have averaged $76.44 as their price target over the next twelve months.

With the price target of $75, Wolfe Research recently initiated with Outperform rating for KKR & Co. Inc (NYSE: KKR).

In other news, KKR Group Partnership L.P., 10% Owner sold 15,000,000 shares of the company’s stock on Aug 21. The stock was sold for $552,750,000 at an average price of $36.85. Upon completion of the transaction, the 10% Owner now directly owns 4,570,327 shares in the company, valued at $284.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14, 10% Owner KKR Group Partnership L.P. sold 10,000,000 shares of the business’s stock. A total of $370,000,000 was realized by selling the stock at an average price of $37.00. This leaves the insider owning 19,644,896 shares of the company worth $1.22 billion. Insiders disposed of 1,621,540 shares of company stock worth roughly $101.02 million over the past 1 year. A total of 24.56% of the company’s stock is owned by insiders.

Thursday morning saw KKR & Co. Inc (NYSE: KKR) opened at $62.64. During the past 12 months, KKR & Co. Inc has had a low of $45.03 and a high of $64.77. According to the stock market information, the enterprise value for the company is $93.53B, which is based on a 48.08 price-to-earnings ratio, a 3.79 price-to-earnings-growth ratio, and a beta of 1.52. The fifty day moving average price for KKR is $60.51 and a two-hundred day moving average price translates $56.40 for the stock.

The latest earnings results from KKR & Co. Inc (NYSE: KKR) was released for Sep, 2023. The net profit margin was 9.65% and return on equity was 6.29% for KKR. The company reported revenue of $3.63 billion for the quarter, compared to $323.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1021.4 percent.

KKR & Co. Inc(KKR) Company Profile

Kohlberg Kravis Roberts & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, information technology infrastructure, financial technology, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the upstream oil and gas and equipment, minerals and royalties and services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. It also seeks to make impact investments focused on identifying and investing behind businesses with positive social or environmental impact. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Malaysia, Singapore, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea with a focus on South Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire majority and minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. Kohlberg Kravis Roberts & Co. L.P. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, Sweden and Asia.

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