The price of KKR & Co. Inc (NYSE:KKR) shares last traded on Wall Street rose 1.16% to $110.21.
KKR stock price is now 10.16% away from the 50-day moving average and 33.60% away from the 200-day moving average. The market capitalization of the company currently stands at $97.80B.
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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 Alternative Assets LLC, 10% Owner bought 1,956,182 shares of the company’s stock on Jun 04 ’24. The stock was bought for $50,000,000 at an average price of $25.56. Upon completion of the transaction, the 10% Owner now directly owns 9,688,618 shares in the company, valued at $1.07 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, 10% Owner KKR Group Partnership L.P. sold 17,500,000 shares of the business’s stock. A total of $218,400,000 was realized by selling the stock at an average price of $12.48. This leaves the insider owning 33,133,123 shares of the company worth $3.65 billion. 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 $52.95 and a high of $110.72. According to the stock market information, the enterprise value for the company is $138260152320, which is based on a 24.70 price-to-earnings ratio, a 0.86 price-to-earnings-growth ratio, and a beta of 1.63. The fifty day moving average price for KKR is $100.046 and a two-hundred day moving average price translates $82.49505 for the stock.
The latest earnings results from KKR & Co. Inc (NYSE: KKR) was released for 2024-03-31. 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.
