KKR & Co. Inc. (NYSE:KKR) Share Price Breaks Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• KKR shares fell 2.9% and slipped below their 200-day moving average of $97.87, trading around $97.13.
• KKR beat quarterly expectations, reporting adjusted earnings of $1.78 per share versus $1.58 expected and revenue of $4.56 billion versus $2.66 billion forecast.
• Analyst sentiment remains positive: 17 analysts rate KKR a Buy and four a Hold, giving it a “Moderate Buy” consensus and an average price target of $123.32.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $97.87 and traded as low as $97.00. KKR & Co. Inc. shares last traded at $97.1290, with a volume of 3,000,676 shares trading hands.

Recent KKR & Co. Inc. Headlines

Investors following KKR have been watching these headlines:

• Positive Sentiment: KKR and RWE finalized a partnership to develop two U.K. offshore wind projects with about 2.8 gigawatts of capacity and a combined investment of roughly £12 billion. The project adds a substantial renewable-energy opportunity, although returns depend on execution and long-term operations. RWE, KKR finalise $16 billion investment in UK renewables
• Positive Sentiment: Recent coverage said KKR beat consensus on a key earnings measure and substantially exceeded revenue expectations, though revenue declined notably year over year. The results offer a positive surprise against forecasts but leave a year-over-year growth caveat. Is KKR a Buy After Its Latest Earnings Report?
• Positive Sentiment: Piper Sandler raised its price target to $125 and maintained an Overweight rating; Morgan Stanley also raised its target, while RBC reaffirmed Outperform. These calls signal continued analyst confidence in KKR’s prospects. Piper Sandler raises KKR price target

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KKR shares. UBS Group reduced their price target on KKR & Co. Inc. from $123.00 to $122.00 and set a "buy" rating for the company in a research report on Tuesday, October 13th. HSBC reduced their target price on shares of KKR & Co. Inc. from $121.00 to $115.00 and set a "buy" rating for the company in a report on Thursday, October 1st. Wells Fargo & Company upped their price objective on KKR & Co. Inc. from $97.00 to $105.00 and gave the company an "equal weight" rating in a report on Tuesday. Deutsche Bank increased their target price on shares of KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Finally, Barclays decreased their price target on KKR & Co. Inc. from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Monday, October 26th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.32.

KKR & Co. Inc. Trading Down 2.9%

The firm has a market capitalization of $86.65 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 0.77 and a beta of 1.72. The firm's 50-day moving average is $95.30 and its 200 day moving average is $97.87. 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. (NYSE:KKR - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The asset manager reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.20. KKR & Co. Inc. had a return on equity of 6.33% and a net margin of 16.38%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the business posted $1.41 earnings per share. On average, equities analysts predict that KKR & Co. Inc. will post 7.32 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. KKR & Co. Inc.'s dividend payout ratio is currently 22.74%.

Insider Buying and Selling

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the stock in a transaction dated 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 sale, the insider directly owned 8,513 shares in the company, valued at approximately $924,341.54. This trade represents a 54.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 23.20% of the company's stock.

Institutional Trading of KKR & Co. Inc.

Several large investors have recently modified their holdings of the stock. Castleview Partners LLC increased its position in KKR & Co. Inc. by 27.1% in the 3rd quarter. Castleview Partners LLC now owns 60,980 shares of the asset manager's stock valued at $5,568,000 after buying an additional 13,014 shares in the last quarter. Andra AP fonden raised its position in KKR & Co. Inc. by 201.7% in the 1st quarter. Andra AP fonden now owns 57,630 shares of the asset manager's stock valued at $5,331,000 after buying an additional 38,530 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of KKR & Co. Inc. during the second quarter valued at about $7,358,000. NEOS Investment Management LLC boosted its stake in shares of KKR & Co. Inc. by 12.6% in the 2nd quarter. NEOS Investment Management LLC now owns 112,137 shares of the asset manager's stock worth $10,292,000 after buying an additional 12,529 shares during the last quarter. Finally, Next Capital Management LLC boosted its position in KKR & Co. Inc. by 135.6% in the first quarter. Next Capital Management LLC now owns 47,771 shares of the asset manager's stock worth $4,419,000 after purchasing an additional 27,498 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

KKR & Co. Inc. Company Profile

KKR & Co. Inc. is a global investment firm that manages alternative investment funds and other investment products. Its activities include private equity, credit, infrastructure and real estate investing, as well as insurance through its Global Atlantic business. The firm also provides capital markets services, including financing and strategic solutions for companies and other clients. KKR invests across multiple industries and serves clients and investors in markets around the world. Founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg, KKR is led by co-chief executive officers Joseph Bae and Scott Nuttall.

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