The stock of KKR & Co. Inc (NYSE:KKR) last traded at $157.67, up 3.61% from the previous session.
KKR stock price is now 13.47% away from the 50-day moving average and 38.43% away from the 200-day moving average. The market capitalization of the company currently stands at $140.05B.
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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 Group Partnership L.P., 10% Owner sold 6,376,411 shares of the company’s stock on Nov 18 ’24. The stock was sold for $191,244,507 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 Sep 13 ’24, 10% Owner KKR Genetic Disorder L.P. sold 5,800,000 shares of the business’s stock. A total of $149,350,000 was realized by selling the stock at an average price of $25.75. This leaves the insider owning 25,260,971 shares of the company worth $3.98 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 $67.64 and a high of $156.54. According to the stock market information, the enterprise value for the company is $185325223936, which is based on a 48.78 price-to-earnings ratio, a 1.71 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for KKR is $138.2122 and a two-hundred day moving average price translates $113.58805 for the stock.
The latest earnings results from KKR & Co. Inc (NYSE: KKR) was released for 2024-09-30. The net profit margin was 11.18% and return on equity was 13.45% for KKR. The company reported revenue of $4.79 billion for the quarter, compared to $3.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.52 percent.
