KKR & Co. Inc (NYSE:KKR) shares traded -2.05% lower at $139.54 on Wall Street last session.
KKR stock price is now -9.13% away from the 50-day moving average and 8.02% away from the 200-day moving average. The market capitalization of the company currently stands at $123.94B.
With the price target maintained at $173, HSBC Securities recently Downgraded its rating from Buy to Hold for KKR & Co. Inc (NYSE: KKR). On September 18, 2024, HSBC Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $148, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, KKR Group Partnership L.P., 10% Owner sold 956,462 shares of the company’s stock on Nov 27 ’24. The stock was sold for $28,686,687 at an average price of $29.99. 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 Nov 21 ’24, 10% Owner KKR Group Partnership L.P. sold 5,274,246 shares of the business’s stock. A total of $1,634,860,909 was realized by selling the stock at an average price of $309.97. This leaves the insider owning 68,037 shares of the company worth $9.49 million. A total of 23.90% of the company’s stock is owned by insiders.
During the past 12 months, KKR & Co. Inc has had a low of $91.92 and a high of $170.40. According to the stock market information, the enterprise value for the company is $195131277312, which is based on a 42.65 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for KKR is $153.9764 and a two-hundred day moving average price translates $128.9554 for the stock.
The latest earnings results from KKR & Co. Inc (NYSE: KKR) was released for 2024-09-30. The net profit margin was 12.42% and return on equity was 13.23% for KKR. The company reported revenue of $4.79 billion for the quarter, compared to $3.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.52 percent.
