KKR & Co. Inc (NYSE:KKR) shares traded -1.53% lower at $105.78 on Wall Street last session.
KKR stock price is now 3.67% away from the 50-day moving average and 24.59% away from the 200-day moving average. The market capitalization of the company currently stands at $93.87B.
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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 Phorm Investors L.P., 10% Owner sold 24,411,968 shares of the company’s stock on Jun 20 ’24. The stock was sold for $124,501,037 at an average price of $5.10. 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 Jun 04 ’24, 10% Owner KKR Alternative Assets LLC bought 1,956,182 shares of the business’s stock. A total of $50,000,000 was incurred on buying the stock at an average price of $25.56. This leaves the insider owning 9,688,618 shares of the company worth $1.02 billion. A total of 24.35% 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 $113.91. According to the stock market information, the enterprise value for the company is $135447085056, which is based on a 23.71 price-to-earnings ratio, a 0.83 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for KKR is $102.2334 and a two-hundred day moving average price translates $85.11625 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.
