KKR & Co. Inc.’s stock price plunges to $108.62, marking a sharp 9.29% decline

KKR & Co. Inc. (KKR)

108.62 USD -11.13 (-9.29%) Volume: 7.44M

KKR & Co. Inc.’s stock price is currently valued at 108.62 USD, experiencing a significant drop of 9.29% this trading session with a trading volume of 7.44M. However, the company continues to demonstrate strong performance with a year-to-date increase of 31.10%.

Latest developments on KKR & Co. Inc.

KKR & Co. Inc. (NYSE:KKR) has been making waves in the financial world with significant developments leading up to today’s stock price movements. The company recently reported its second-quarter 2024 results, showcasing a 49% jump in net income to $972 million driven by higher fees. KKR also raised its price target to $150.00 and highlighted 2024 as a potential ‘sweet spot’ for real estate investments. The firm saw a record $601 billion in assets under management, up 16% year-over-year, with strong fundraising momentum from the wealth channel. Additionally, KKR closed a majority stake acquisition in Avantus and expects $500 million in exits this quarter, indicating a robust deal pipeline. With positive earnings calls and strategic acquisitions, KKR is demonstrating strong performance and growth potential in the market.

KKR & Co. Inc. on Smartkarma

Analysts on Smartkarma, such as Travis Lundy and Brian Freitas, have been covering KKR & Co, a company that will be added to the S&P 500 index at the close on June 21st. Lundy points out that KKR, along with Crowdstrike and GoDaddy, will replace other companies in the index, leading to significant flows and positioning in the market. On the other hand, Freitas highlights the potential for further positioning in KKR & Co and other stocks like RB Global and Texas Pacific Land in the upcoming week, indicating bullish sentiment towards the company.

However, not all analysts share the same view on KKR & Co. Travis Lundy also provides a bearish perspective, mentioning minimal changes expected for the company in the S&P 500 June 2024 index rebalance. While there may be intra-review changes possible, the overall sentiment leans towards a cautious approach with only 1-2 expected changes for the company. With conflicting views from analysts, investors will need to carefully consider the implications of KKR’s inclusion in the index and its potential impact on the market.

A look at KKR & Co. Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

KKR & Co. Inc., an investment firm that manages a variety of investments, has received a mixed outlook based on Smartkarma Smart Scores. While the company scores well in terms of momentum, indicating strong performance in the short term, it falls short in value and dividend scores. With moderate scores in growth and resilience, KKR & Co. faces a somewhat uncertain long-term outlook.

Despite its solid momentum score, KKR & Co. may need to focus on improving its value and dividend factors to secure a more positive long-term outlook. The company’s diverse investment portfolio, including private equity, energy, and real estate, provides a strong foundation. However, to ensure sustained growth and resilience in the face of market challenges, KKR & Co. may need to address areas where it currently scores lower on the Smartkarma Smart Scores.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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