Stocks of KKR & Co. Inc (NYSE:KKR) traded higher last session on Wall Street, up 1.45% to $100.45.
KKR stock price is now 3.85% away from the 50-day moving average and 35.97% away from the 200-day moving average. The market capitalization of the company currently stands at $88.90B.
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With the price target of $96, TD Cowen recently initiated with Outperform rating for KKR & Co. Inc (NYSE: KKR). On November 30, 2023, Oppenheimer reiterated its ‘Outperform’ rating on the stock by increasing its target price from $91 to quote $94, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, KKR Group Partnership L.P., 10% Owner sold 6,000,000 shares of the company’s stock on Apr 01 ’24. The stock was sold for $64,440,000 at an average price of $10.74. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 26 ’24, 10% Owner KKR Alternative Assets LLC bought 571,429 shares of the business’s stock. A total of $14,285,714 was incurred on buying the stock at an average price of $25.00. This leaves the insider owning 1,000,687 shares of the company worth $100.52 million. A total of 24.42% of the company’s stock is owned by insiders.
During the past 12 months, KKR & Co. Inc has had a low of $47.79 and a high of $103.48. According to the stock market information, the enterprise value for the company is $117.94B, which is based on a 24.57 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for KKR is $96.98 and a two-hundred day moving average price translates $74.11 for the stock.
The latest earnings results from KKR & Co. Inc (NYSE: KKR) was released for Dec, 2023. According to the Asset Management Company, earnings per share came in at $1, beating analysts’ expectations of $0.91 by 0.09. This compares to $0.27 EPS in the same period last year. The net profit margin was 22.38% and return on equity was 18.39% for KKR. The company reported revenue of $4.43 billion for the quarter, compared to $2.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 75.44 percent. For the current quarter, analysts expect KKR to generate $1.59B in revenue.
