Capital Research & Management Co has recently announced that it has increased stake in KKR & Co. Inc (NYSE:KKR) by 5.68%. After grabbing 42.0 million shares, the institutional investor is now in possession of 2.26 million shares of the Financial Company. The new investment brought the stake of investor firm to 4.75% having worth around $3.19 billion. Moreover, The Vanguard Group, Inc. increased its share by 0.51 million to have a control over 38.66 million shares. And Principal Global Investors LLC raised its holdings to 50448.0 shares by acquiring 24.27 million shares or 2.74% of the stake.
KKR & Co. Inc (KKR) concluded trading on 01/10/24 at a closing price of $82.42, with 3.33 million shares of worth about $274.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.67% during that period and on Wednesday the price saw a gain of about 1.25%. Currently the company’s common shares owned by public are about 861.11M shares, out of which, 663.80M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 19 analysts are covering the KKR stock and their offered price forecasts bring an average price target of $91.44. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $115.00 and could fall to a lowest price of $75.00. The stock’s current price level is 9.86% above of average price target set by the analysts, while a rise to estimated low would result in loss of -9.89% for the stock. However, touching the estimated high of $115.00 would mean a gain of 28.33% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 30,290 shares in 10 of the transactions. In 2 selling transactions, insiders dumped 40,000 shares.
Vanguard Total Stock Market ETF, American Funds Growth Fund of Ame, and Akre Focus Fund are the top 3 mutual funds which are holding stakes in KKR & Co. Inc Vanguard Total Stock Market ETF is currently holding 20.16 million shares of worth totaling $1.53 billion. The company recently came buying 24660.0 shares which brought its stake up to 2.28% of the company’s outstanding shares. American Funds Growth Fund of Ame bought 0.67 million shares, after which its hold over company’s outstanding shares expand to 1.98%, leaving 17.49 million shares with the mutual fund that have a worth of about $1.33 billion. Akre Focus Fund, after buying 15.56 million shares, have now control over 1.76% of the stake in the company. It holds 1.03 million shares of worth $1.18 billion.
KKR & Co. Inc (NYSE: KKR) started trading at $81.17, below -$0.23 from concluding price of the previous day. Stock saw a price change of 3.17% in past 5 days and over the past one month there was a price change of 7.11%. Year-to-date (YTD), KKR shares are showing a performance of -0.52% which increased to 66.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.46 but also hit the highest price of $85.66 during that period. The average intraday trading volume for KKR & Co. Inc shares is 3.49 million. The stock is currently trading 0.88% above its 20-day simple moving average (SMA20), while that difference is up 13.50% for SMA50 and it goes to 35.88% higher than SMA200.
Capital Research & Management Co acquired 42.0 million shares of KKR & Co. Inc having value of about $3.19 billion. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 2.26 million shares in the company valued at close to $186081282.4, or have control over 5.68% stake in the company. KKR & Co. Inc (NYSE: KKR) currently have 861.11M outstanding shares and institutions hold larger chunk of about 57.65% of that. Holding of mutual funds in the company is about 33.36% while other institutional holders and individual stake holders have control over 7.13% and 24.39% of the stake respectively.
The stock has a current market capitalization of $72.94B and its 3Y-monthly beta is at 1.60. PE ratio of stock for trailing 12 months is 27.10, while it has posted earnings per share of $3.04 in the same period. Its PEG reads 2.27 while making debt-to-equity ratio of 2.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KKR, volatility over the week remained 1.81% while standing at 2.12% over the month.
Analysts are in expectations that KKR & Co. Inc (KKR) stock would likely to be making an EPS of $0.96 in the current quarter, while forecast for next quarter EPS is $1.08 and it is $4.87 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.83 which is $1.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -13.62% while it is estimated to increase by 45.45% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 04, 2024 offering an Outperform rating for the stock and assigned a target price of $96 to it.
