As of Friday close, KKR & Co. Inc.’s (NYSE:KKR) stock was up $0.78, moving up 1.27 percent to $62.16. The average number of shares traded per day over the past five days has been 3,013,000 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.24 fall in that time frame. In the last twenty days, the average volume was 4,121,615, while in the previous 50 days, it was 3,287,454.
Since last month, KKR stock rose 3.22%. Shares of the company fell to $58.38 on 08/25/23, the lowest level in the past month. A 52-week high of $64.77 was reached on 09/20/23 after having rallying from a 52-week low of $41.77. Since the beginning of this year, KKR’s stock price has risen by 33.91% or $15.74, and marked a new high 24 times. However, the stock has declined by -4.03% since its 52-week high.
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KKR stock investors should be aware that KKR & Co. Inc. (KKR) stock had its last reported insider trading activity 33 days ago on Aug 21. KKR Group Partnership L.P., the 10% Owner of the company, disposed of 15,000,000 shares for $36.85 on Aug 21. It resulted in a $552,750,000 divestment by the insider. KKR Group Partnership L.P. sold 10,000,000 shares at an average price of $37.00 on Aug 14. The insider now owns 19,644,896 shares following the transaction. On Jul 21, 10% Owner KKR Phorm Investors L.P. bought 1,735,988 shares at $3.30 apiece. The transaction was valued at $5,728,760.
Valuation Metrics
Right now, KKR & Co. Inc. (KKR) has a P/E ratio of about 48.56. The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 4.35, the price-to-book (PB) ratio of 2.84.
The latest dividend of $0.1650 per share was paid out, remained unchanged from last year’s $0.1650. On Monday May 8 2023, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.44, and the total debt-to-equity ratio was 2.45. On the profitability front, the trailing twelve-month gross margin is 41.80% percent. In the year ended June 29, operating margins totaled 6.10%. Based on annual data, KKR earned -$973.43 million in gross profit and brought in $5.72 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.70%. Return on equity (ROE) for the past 12 months was 6.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KKR’s revenue rose 90.9% to $3.13 billion during the quarter, while net income inched up to $3.63 billion. While analysts expected KKR & Co. Inc. to report $0.71 quarterly earnings, the actual figure was $0.73 per share, beating the consensus estimate by 2.80%. During the quarter, the company generated $549.14 million in EBITDA. The value of shareholders’ equity is $857.68 million.
Technical Picture
This quick technical analysis looks at KKR & Co. Inc.’s (KKR) price momentum. With a historical volatility rate of 23.83%, the RSI 9-day stood at 46.45% on 22 September.
With respect to its five-day moving average, the current KKR & Co. Inc. price is down by -3.48% percent or -$2.24. At present, KKR shares trade +4.38% above its 20-day simple moving average and +16.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.55% above its SMA50 and +25.40% above its SMA200.
Stochastic coefficient K was 44.26% and Stochastic coefficient D was 59.79%, while ATR was 1.28. Given the Stochastic reading of 38.88% for the 14-day period, the RSI (14) reading has been calculated as 50.42%. As of today, the MACD Oscillator reading stands at -0.96, while the 14-day reading stands at -0.56.
Analyst Ratings
Citigroup launched its rating on KKR & Co. Inc. (NYSE: KKR) to a Buy in a note to investors on May 19, 2023. KKR & Co. Inc. (KKR) has been rated Buy by analysts. According to 0 brokerage firms, KKR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate KKR & Co. Inc. stock as buy, with 16 recommending it as overweight.
With a median target price of $74.50, the current consensus forecast for the stock is $63.00 – $91.00. Based on these forecasts, analysts predict KKR & Co. Inc. (KKR) will achieve an average price target of $73.75.
