KKR & Co. Inc. Monthly Report
Publication Date: September 22, 2024
Company Overview
KKR & Co. Inc. (KKR) is a prominent private equity and real estate investment firm founded in 1976 and headquartered in New York City. With a global presence, KKR specializes in a diverse range of investment strategies across various sectors including technology, healthcare, energy, and real estate. Notably known for both direct investments and fund-of-funds strategies, the firm emphasizes mid to high-end residential developments and impact investments. As a key player in the asset management industry, KKR has firmly established itself as a significant entity within the financial services sector.
Investment Outlook
The current analysis of KKR’s stock recommends a “buy” position, reflecting strong investor confidence in the firm’s future prospects. With a current stock price of $133.23 and a projected target high price of $159.00, KKR presents an attractive investment opportunity with significant upside potential. Analysts have set a mean target price of $138.93, suggesting that the average valuation exceeds the current price, reinforcing optimism about growth. The stock also shows promising metrics, with a total revenue reported at approximately $26.61 billion, signaling substantial market presence and robust financial performance.
Market Sentiment
KKR & Co. Inc. maintains a total of 887,440,000 shares outstanding, with only 12,998,006 shares shorted, translating to a short percent of float of approximately 1.93%. This indicates minimal bearish sentiment, suggesting that the majority of KKR’s shares are held for the long term. The stock’s current performance is notably strong, nearing its fifty-two week high of $133.84, compared to a significant low of $53.72. Additionally, with a fifty-day moving average of $118.60, the stock demonstrates an upward trend, showcasing positive momentum in recent trading activity. Given these favorable metrics and a recommendation score of 1.8 from 18 analysts, KKR is positioned as a compelling investment in the evolving financial landscape.
| Metric | Value |
|---|---|
| Market Cap | $122.8b |
| Total Debt | $50.7b |
| Total Cash | $40.7b |
| Shares Outstanding | 887.4m |
| Float Shares | 671.6m |
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