Shares of KKR & Co. Inc. (NYSE:KKR) traded today at $56.99, eclipsing its 52-week high. This new high was reached on above average trading volume as 393,000 shares traded hands, while the average 30-day volume is approximately 173,000 shares.
There is potential upside of 57.0% for shares of KKR & Co. Inc. based on a current price of $56.87 and an average consensus analyst price target of $89.30.
In the past 52 weeks, shares of KKR & Co. Inc. have traded between a low of $53.85 and a high of $56.99 and is now at $56.87, which is 6% above that low price.
KKR is one of the world’s largest alternative asset managers, with $470.6 billion in total assets under management, including $357.4 billion in fee-earning AUM, at the end of 2021. 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 February 2021 purchase of a 61.5% economic stake in 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 accounts for 43% of fee-earning AUM and 67% of base management fees, while public markets account for 57% and 33%, respectively.
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