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Wednesday, February 8, 2023

What Are The Chances Of KKR & Co. Inc. (NYSE: KKR) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for KKR & Co. Inc. (KKR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.00, or 1.98%, to $51.50. The KKR & Co. Inc. has recorded 88,207 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that KKR Closes Acquisition of Clinisupplies and Welcomes Oliver Johansen to the Board of Directors.

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Stocks Info

As a NYSE listed company, KKR falls under the Financial sector while operating within the Asset Management industry segment. At the end of the last regular session, the stock closed at $50.50 and fluctuated between $52.58 as its day high and $49.54 as its day low. The current market capitalization of KKR & Co. Inc. is $43.22B. A total of 5.31 million shares were traded on the day, compared to an average of 3.13M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, KKR has seen 12 BUY and 0 SELL insider trades, representing the acquisition of 49,608 and the disposition of 0 shares. Over the last 12 months, there were 51 BUYs and 4 SELLs from insiders. Insiders purchased 197,268,596 shares during that period but sold 890,722.

In the most recent transaction, KKR Group Partnership L.P. sold 32,842,183 shares of KKR for 9.41 per share on Nov 22. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Sep 13, KKR Group Partnership L.P. sold 5,750,000 shares at 14.10 per share. KKR shares that 10% Owner owns now total 572,354.

Among the insiders who sold shares, Sorkin David disposed of 60,000 shares on Aug 16 at a per-share price of $56.94. This resulted in the General Counsel and Secretary holding 1,474,144 shares of KKR after the transaction. In another insider transaction, Cohler Matt bought 18,710 shares at $52.99 per share on Aug 08. Company shares held by the Director now total 86,837.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. KKR’s most recent ex-dividend date was 11/10/2022 when it declared a $0.1550 quarterly dividend that was paid in cash on 11/29/2022. Previously, the company paid the dividend on 8/30/2022 with an ex-dividend date of 8/12/2022. The KKR stock dividend was $0.1550 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for KKR in the last 3 months, the mean price target is $63.23 with high estimates of $74.00 and low estimates of $45.50. In terms of 52-week highs and lows, KKR has a high of $73.30 and a low of $41.77.

As of this writing, KKR has an earnings estimate of $0.85 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.74. The company reported an EPS of $1.1 in the last quarter, which was 12.20% higher than expectations of $0.98.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KKR is Underweight with a score of 4.75. A total of 15 analysts rated the stock as Buy while 2 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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