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

KKR is one of the world's largest alternative asset managers, with $601.3 billion in total managed assets, including $487.3 billion in fee-earning AUM, at the end of June 2024. 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).

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

As of November 12, 2024, KKR stock price declined to $153.48 with 1,095,338 million shares trading.

KKR has a beta of 1.77, meaning it tends to be more sensitive to market movements. KKR has a correlation of 0.49 to the broad based SPY ETF.

KKR has a market cap of $136.20 billion. This is considered a Large Cap stock.

Last quarter KKR & Co. reported $2 billion in Revenue and $1.38 earnings per share. This beat revenue expectation by $170 million and exceeded earnings estimates by $.17.

In the last 3 years, KKR traded as high as $156.54 and as low as $41.77.

The top ETF exchange traded funds that KKR belongs to (by Net Assets): VTI, VOO, SPY, IVV, XLF.

KKR has outperformed the market in the last year with a price return of +142.9% while the SPY ETF gained +37.3%. KKR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +35.3% and +9.2%, respectively, while the SPY returned +12.5% and +2.9%, respectively.

KKR support price is $153.53 and resistance is $158.27 (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 shares will trade within this expected range on the day.