KKR & Co. Inc. (NYSE:KKR) finished Friday with a subtraction of -$0.05 to close at $59.50, a downside of -0.08 percent. An average of 2,580,280 shares of common stock have been traded in the last five days. There was a fall of -$0.70 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,789,140 shares traded, while the 50-day average volume stands at 3,056,844.
KKR stock has increased by 0.63% in the last month. The company shares reached their 1-month lowest point of $58.22 on 08/02/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $41.77 and a high of $63.64 in 52 weeks. It has reached a new high 19 times so far this year and achieved 28.18% or $13.08 in price. In spite of this, the price is down -6.51% from the 52-week high.
Insider Transactions
KKR stock investors should be aware that KKR & Co. Inc. (KKR) stock had its last reported insider trading activity 5 days ago on Aug 21. In this transaction, the insider spent $552,750,000. 10% Owner, KKR Group Partnership L.P., disposed of 10,000,000 shares at a price of $37.00 on Aug 14. The insider now owns more than $370,000,000 worth of shares. Prior to that, 10% Owner KKR Group Partnership L.P. went on to Sale 15,000,000 shares at $23.00 each on Jun 01. An amount of $345,000,000 was transacted.
Valuation Metrics
KKR & Co. Inc. (KKR) has a trailing price-to-earnings (P/E) ratio of 46.48. The stock’s beta is 1.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.16, the price-to-book (PB) ratio at 2.72.
The company has a payout ratio of 46.80%. The company’s most recent quarterly dividend payment was $0.1650 a share, without any change from last year. Its latest increase dividend $0.01 reported on Monday May 8 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 2.44 and a total debt to equity ratio of 2.45 for the quarter ending June 29. Its gross profit as reported stood at -$973.43 million compared to revenue of $5.72 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, KKR & Co. Inc.’s return on assets was 0.40%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $844.46 million in the quarter, while revenues of $322.74 million were grew 198.04%. The analyst consensus anticipated KKR & Co. Inc.’s latest quarter earnings to come in at $0.71 per share, but it turned out to be $0.73, a 2.80% surprise. For the quarter, EBITDA amounted to $549.14 million. At the end of the quarter ending June 29, KKR & Co. Inc.’s stock balance sheet showed total debt was $48.51 billion. Shareholders own equity worth $857.68 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at KKR & Co. Inc. (KKR) price momentum. RSI 9-day as of the close on 25 August was 45.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.48%.
As of today, KKR’s price is $59.63 -1.16% or -$0.70 from its 5-day moving average. KKR is currently trading -0.75% lower than its 20-day SMA and +14.58% higher than its 100-day SMA. However, the stock’s current price level is +4.33% above the SMA50 and +13.25% above the SMA200.
The stochastic %K and %D were 28.50% and 27.08%, respectively, and the average true range (ATR) was 1.50. With the 14-day stochastic at 24.33% and the average true range at 1.49, the RSI (14) stands at 48.74%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.66.
Analyst Ratings
Citigroup launched coverage on KKR & Co. Inc. (NYSE: KKR) in its analyst report released on May 19, 2023. The firm assigned the stock a Buy rating. The consensus rating for KKR & Co. Inc. (KKR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell KKR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 16 others rate it as a “buy”.
What is KKR’s price target for the next 12 months?
Analysts predict a range of price targets between $63.00 and $91.00, with a median target of $73.50. Taking a look at these predictions, the average price target given by analysts for KKR & Co. Inc. (KKR) stock is $73.19.
