KKR Stock Summary and Trading Ideas (KKR & Co. | NYSE:KKR)

KKR & Co Inc is one of the world's largest alternative asset managers, with $552.8 billion in total managed assets, including $446.4 billion in fee-earning AUM, at the end of 2023. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance). On the asset management side, private markets account for 50% of fee-earning AUM and 70% of base management fees, while public markets account for 50% and 30%, respectively.

KKR & Co. trades on the NYSE stock market under the symbol KKR.

As of April 24, 2024, KKR stock price declined to $96.77 with 3,527,154 million shares trading.

KKR has a beta of 1.90, meaning it tends to be more sensitive to market movements. KKR has a correlation of 0.60 to the broad based SPY ETF.

KKR has a market cap of $85.64 billion. This is considered a Large Cap stock.

Last quarter KKR & Co. reported $2 billion in Revenue and $1.00 earnings per share. This beat revenue expectation by $31 million and exceeded earnings estimates by $.07.

In the last 3 years, KKR stock traded as high as $103.48 and as low as $41.77.

The top ETF exchange traded funds that KKR belongs to (by Net Assets): VTI, VXF, VTV, IWR, IWD.

KKR has outperformed the market in the last year with a return of +85.5%, while the SPY ETF gained +24.2%. In the last 3 month period, KKR beat the market returning +15.4%, while SPY returned +4.6%. However, in the most recent 2 weeks KKR has underperformed the stock market by returning -3.5%, while SPY returned -2.7%.

KKR support price is $95.94 and resistance is $100.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KKR stock will trade within this expected range on the day.