KKR & Co. Inc. (NYSE:KKR – Get Free Report) announced its quarterly earnings results on Monday. The asset manager reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.20, FiscalAI reports. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $2.66 billion. KKR & Co. Inc. had a net margin of 14.41% and a return on equity of 5.88%.
KKR & Co. Inc. Trading Down 0.1%
Shares of NYSE KKR opened at $96.34 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.09 and a current ratio of 0.09. The business’s 50 day moving average price is $96.02 and its 200-day moving average price is $98.33. KKR & Co. Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $144.84. The company has a market cap of $86.48 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 0.74 and a beta of 1.72.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on KKR shares. TD Cowen reduced their price objective on KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. BNP Paribas Exane lowered their price objective on KKR & Co. Inc. from $127.00 to $122.00 and set an “outperform” rating for the company in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft raised their price objective on KKR & Co. Inc. from $111.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. BMO Capital Markets dropped their target price on KKR & Co. Inc. from $118.00 to $109.00 and set an “outperform” rating for the company in a report on Tuesday, October 27th. Finally, The Goldman Sachs Group cut their target price on KKR & Co. Inc. from $127.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.58.
Insider Transactions at KKR & Co. Inc.
In related news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider owned 8,513 shares in the company, valued at $924,341.54. The trade was a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.20% of the stock is currently owned by insiders.
KKR & Co. Inc. Company Profile
See Also
- Five stocks we like better than KKR & Co. Inc.
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
- After the Midterms, Which of These 3 Defense ETFs Looks Strongest?
- The Ugly Truth Behind SoundHound’s Q3 Results
Receive News & Ratings for KKR & Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
