Stocks of KKR & Co. Inc (NYSE:KKR) traded higher last session on Wall Street, down -1.96% to $94.87.
KKR stock price is now -2.72% away from the 50-day moving average and 24.97% away from the 200-day moving average. The market capitalization of the company currently stands at $83.96B.
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 $94.94 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 Asset Management Company, earnings per share came in at 0.81, beating analysts’ expectations of 0.74 by 0.07. 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 $1.5B in revenue.
