KKR & Co. Inc (NYSE:KKR) shares traded 3.41% higher at $143.28 on Wall Street last session.
KKR stock price is now 11.94% away from the 50-day moving average and 32.97% away from the 200-day moving average. The market capitalization of the company currently stands at $127.15B.
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With the price target of $148, HSBC Securities recently initiated with Buy rating for KKR & Co. Inc (NYSE: KKR). On September 12, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $130, while ‘Redburn Atlantic’ rates the stock as ‘Buy’
In other news, KKR Genetic Disorder L.P., 10% Owner sold 5,800,000 shares of the company’s stock on Sep 13 ’24. The stock was sold for $149,350,000 at an average price of $25.75. Upon completion of the transaction, the 10% Owner now directly owns 25,260,971 shares in the company, valued at $3.62 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, 10% Owner KKR Group Partnership L.P. bought 11,619,998 shares of the business’s stock. A total of $129,330,578 was incurred on buying the stock at an average price of $11.13. This leaves the insider owning 92,959,984 shares of the company worth $13.32 billion. 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 $53.72 and a high of $141.68. According to the stock market information, the enterprise value for the company is $174018068480, which is based on a 33.84 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 1.61. The fifty day moving average price for KKR is $127.9984 and a two-hundred day moving average price translates $107.75505 for the stock.
The latest earnings results from KKR & Co. Inc (NYSE: KKR) was released for 2024-06-30. The net profit margin was 16.32% and return on equity was 18.63% for KKR. The company reported revenue of $4.17 billion for the quarter, compared to $3.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.04 percent.
