In yesterday’s Wall Street session, KKR & Co. Inc (NYSE:KKR) shares traded at $107.67, up 5.11% from the previous session.
KKR stock price is now 9.83% away from the 50-day moving average and 37.06% away from the 200-day moving average. The market capitalization of the company currently stands at $95.55B.
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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 17,500,000 shares of the company’s stock on May 13 ’24. The stock was sold for $1,458,800,000 at an average price of $83.36. Upon completion of the transaction, the 10% Owner now directly owns 366,567 shares in the company, valued at $39.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, 10% Owner KKR Group Partnership L.P. sold 6,000,000 shares of the business’s stock. A total of $64,440,000 was realized by selling the stock at an average price of $10.74. 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 $104.40.
According to the Asset Management Company, earnings per share came in at 0.73, beating analysts’ expectations of 0.71 by 0.02. This compares to $0.36 EPS in the same period last year. The net profit margin was 17.78% and return on equity was 19.83% for KKR. The company reported revenue of $9.66 billion for the quarter, compared to $3.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 208.77 percent. For the current quarter, analysts expect KKR to generate $1.53B in revenue.
