Wells Fargo has recently initiated KKR & Co Inc (KKR) stock to Equal Weight rating, as announced on September 12, 2024, according to Finviz. Earlier, on August 27, 2024, Redburn Atlantic had initiated the stock to Buy, setting a price target of $153. TD Cowen also initiated Outperform rating with a price target of $96. Additionally, Oppenheimer reiterated Outperform rating on November 30, 2023, with a target price of $94. Wolfe Research analysts, in their report published on October 5, 2023, also initiated Outperform rating and set a price target of $75 for KKR & Co Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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KKR & Co Inc (KKR) Stock Trading Recap
On Monday, KKR & Co Inc (KKR) stock saw a modest uptick, ending the day at $126.54 which represents a slight increase of $3.74 or 3.05% from the prior close of $122.8. The stock opened at $124 and touched a low of $123.43 during the day, reaching a high of $126.79. The volume of shares traded was 3.24 million falling short of the average volume of 6.10 million.
KKR Stock Performance and Moving Averages
In recent trading, KKR & Co Inc (KKR) stock price has shown some volatility, fluctuating 6.82% over the last five trades and 5.26% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 30.86%, and it has gained 15.90% in the previous three months. Currently, KKR is trading at 5.52%, 8.80%, and 26.69% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, KKR, a Financial sector stock, is trading -1.75% below its 52-week high but remains 135.58% above its 52-week low. The Average True Range (ATR) (14 days) of 3.49 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
KKR & Co Inc’s Profitability and Valuation Ratios
KKR & Co Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 24.78% and a profit margin of 16.32%, with a gross margin of 30.86%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, KKR & Co Inc’s market capitalization stands at $112.30 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 29.89, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 20.77. Additionally, the Price-to-Sales Ratio is 4.74, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 5.18, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 24.25% of KKR & Co Inc (KKR)’s shares, while financial institutions hold 61.99%.
Notable insider trades include KKR Group Partnership L.P., 10% Owner at KKR & Co Inc (KKR), who sold 2554644 shares on Jul 25 ’24, at $18.85 each, totaling $48.16 million. On Jun 20 ’24, KKR Phorm Investors L.P., 10% Owner, sold 24411968 shares for $5.1 each, amounting to $124.50 million. Additionally, on May 23 ’24, KKR Group Partnership L.P. sold 17500000 shares at $12.48 each, generating $218.40 million.
