KKR & Co. Inc (NYSE:KKR) shares traded 1.86% higher at $123.03 on Wall Street last session.
KKR stock price is now -16.50% away from the 50-day moving average and -6.50% away from the 200-day moving average. The market capitalization of the company currently stands at $109.28B.
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 $8.37 million. A total of 23.85% 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.
The net profit margin was 13.16% and return on equity was 13.23% for KKR. The company reported revenue of $3.26 billion for the quarter, compared to $4.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.45 percent.
