KKR & Co. Inc (KKR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that SunFire Announces Investment from KKR.

Stocks Info

This NYSE-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $101.65 and fluctuated between $102.12 as its day high and $100.77 as its day low. The current market capitalization of KKR & Co. Inc is $89.96B. A total of 2.07 million shares were traded on the day, compared to an average of 3.49M shares.

In the most recent transaction, KKR Group Partnership L.P. sold 6,000,000 shares of KKR for 10.74 per share on Apr 01 ’24. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Mar 26 ’24, KKR Alternative Assets LLC bought 571,429 shares at 25.00 per share. KKR shares that 10% Owner owns now total 1,000,687.

Among the insiders who bought shares, KKR Alternative Assets LLC acquired of 286,402 shares on Mar 13 ’24 at a per-share price of $24.94. This resulted in the 10% Owner holding 429,259 shares of KKR after the transaction. In another insider transaction, KKR Group Partnership L.P. sold 13,800,000 shares at $9.87 per share on Mar 11 ’24. Company shares held by the 10% Owner now total 0.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. KKR & Co. Inc pays an annual dividend of $0.66, resulting in a dividend yield of 0.65%, and it has a price to earnings (P/E) ratio of 24.86. KKR’s most recent ex-dividend date was 2/15/2024 when it declared a $0.1650 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/16/2023. The KKR stock dividend was $0.1650 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, KKR has a high of $103.48 and a low of $47.79.

As of this writing, KKR has an earnings estimate of $1.07 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.22 per share and a lower estimate of $0.91. The company reported an EPS of $0.88 in the last quarter, which was 7.30% higher than expectations of $0.82.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. KKR’s latest balance sheet shows that the firm has $10.09B in Cash & Short Term Investments as of fiscal 2021. There were $39.29B in debt and $30.83B in liabilities at the time. Its Book Value Per Share was $25.83, while its Total Shareholder’s Equity was $58.14B.

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, 0 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 Buy with a score of 4.81.