KKR & Co. Inc. (NYSE:KKR – Get Free Report) announced its earnings results on Monday. The asset manager reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.20, FiscalAI reports. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $2.66 billion. KKR & Co. Inc. had a return on equity of 5.88% and a net margin of 14.41%.
KKR & Co. Inc. Trading Down 0.1%
Shares of KKR stock opened at $96.34 on Monday. The stock has a market capitalization of $86.48 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 0.74 and a beta of 1.72. The stock’s 50-day moving average price is $96.02 and its 200-day moving average price is $98.33. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71. KKR & Co. Inc. has a 12-month low of $82.67 and a 12-month high of $144.84.
Analysts Set New Price Targets
KKR has been the topic of several recent research reports. Evercore lowered their price objective on shares of KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Bank of America lowered their target price on KKR & Co. Inc. from $147.00 to $143.00 in a research report on Tuesday, August 4th. Barclays cut their price target on KKR & Co. Inc. from $130.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, October 26th. Piper Sandler reduced their price target on KKR & Co. Inc. from $128.00 to $121.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Finally, Oppenheimer raised their price objective on KKR & Co. Inc. from $139.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.58.
Get Our Latest Research Report on KKR
Insider Transactions at KKR & Co. Inc.
In other news, insider Dane Holmes sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the sale, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. This represents a 54.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.20% of the stock is currently owned by insiders.
KKR & Co. Inc. Company Profile
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