KKR & Co. Inc. [KKR] Is Currently -0.74 below its 200 Period Moving Avg: What Does This Mean?


KKR & Co. Inc. [NYSE: KKR] closed the trading session at $45.83 on 07/14/22. The day’s price range saw the stock hit a low of $44.40, while the highest price level was $45.90. The company report on July 13, 2022 that KKR Closes $2.1 Billion Asset-Based Finance Fund.

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First Dedicated Fund to Pursue Compelling Asset-Backed Opportunities Globally.

KKR, a leading global investment firm, today announced the final close of KKR Asset-Based Finance Partners (“ABFP” or the “Fund”), KKR’s first fund dedicated to asset-based finance investments “ABF.” The approximately $2.1 billion fund will commit capital globally to privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard assets, with attractive risk-adjusted returns.

The stocks have a year to date performance of -38.48 percent and weekly performance of -5.87 percent. The stock has been moved at -36.06 percent over the last six months. The stock has performed -1.99 percent around the most recent 30 days and changed -17.42 percent over the most recent 3-months.

If compared to the average trading volume of 3.62M shares, KKR reached to a volume of 3341566 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about KKR & Co. Inc. [KKR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KKR shares is $77.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KKR stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for KKR & Co. Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 16, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on December 16, 2021, representing the official price target for KKR & Co. Inc. stock. Previously, the target price had yet another raise to $92, while Citigroup analysts kept a Buy rating on KKR stock.

The Average True Range (ATR) for KKR & Co. Inc. is set at 1.99, with the Price to Sales ratio for KKR stock in the period of the last 12 months amounting to 3.06. The Price to Book ratio for the last quarter was 1.86, with the Price to Cash per share for the same quarter was set at 14.53.

KKR stock trade performance evaluation

KKR & Co. Inc. [KKR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.87. With this latest performance, KKR shares dropped by -1.99% in over the last four-week period, additionally sinking by -36.06% over the last 6 months – not to mention a drop of -22.20% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KKR stock in for the last two-week period is set at 40.15, with the RSI for the last a single of trading hit 37.20, and the three-weeks RSI is set at 41.76 for KKR & Co. Inc. [KKR]. The present Moving Average for the last 50 days of trading for this stock 50.39, while it was recorded at 46.70 for the last single week of trading, and 62.42 for the last 200 days.

KKR & Co. Inc. [KKR]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and KKR & Co. Inc. [KKR] shares currently have an operating margin of +66.77 and a Gross Margin at +68.62. KKR & Co. Inc.’s Net Margin is presently recorded at +24.73.

Return on Equity for this stock inclined to 29.82, with Return on Assets sitting at 2.71.

Earnings per share (EPS) analysis for KKR & Co. Inc. [KKR] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KKR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for KKR & Co. Inc. go to 6.00%.

KKR & Co. Inc. [KKR]: Insider Ownership positions

There are presently around $20,566 million, or 78.50% of KKR stock, in the hands of institutional investors. The top three institutional holders of KKR stocks are: BLACKROCK INC. with ownership of 38,932,856, which is approximately 5.599% of the company’s market cap and around 17.70% of the total institutional ownership; VANGUARD GROUP INC, holding 33,640,830 shares of the stock with an approximate value of $1.55 billion in KKR stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.39 billion in KKR stock with ownership of nearly 5.339% of the company’s market capitalization.

Positions in KKR & Co. Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 382 institutional holders increased their position in KKR & Co. Inc. [NYSE:KKR] by around 38,202,557 shares. Additionally, 380 investors decreased positions by around 51,708,301 shares, while 146 investors held positions by with 355,523,387 shares. The mentioned changes placed institutional holdings at 445,434,245 shares, according to the latest SEC report filing. KKR stock had 83 new institutional investments in for a total of 7,785,684 shares, while 119 institutional investors sold positions of 16,816,722 shares during the same period.