Home Analysts Viewpoint Checking in on KKR & Co. Inc. (KKR) after recent insiders movement

Checking in on KKR & Co. Inc. (KKR) after recent insiders movement

Checking in on KKR & Co. Inc. (KKR) after recent insiders movement

KKR & Co. Inc.’s filing revealed that its 10% Owner KKR Group Partnership L.P. unloaded Company’s shares for reported $81.08 million on Sep 13. In the deal valued at $14.10 per share,5,750,000 shares were sold. As a result of this transaction, KKR Group Partnership L.P. now holds 572,354 shares worth roughly $ 30.07 million.

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Then, Sorkin David sold 60,000 shares, generating $3,416,568 in total proceeds. Upon selling the shares at $56.94, the General Counsel and Secretary now owns 1,474,144 shares.

Before that, Cohler Matt bought 18,710 shares. KKR & Co. Inc. shares valued at $991,485 were divested by the Director at a price of $52.99 per share. As a result of the transaction, Cohler Matt now holds 86,837 shares, worth roughly $4.56 million.

BofA Securities upgraded its KKR & Co. Inc. [KKR] rating to a Buy from a a Neutral in a research note published on Monday, November 02, 2022; the price target was increased to $60 from $57. PT values the company’s stock at a premium of 12.43 to its Monday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Wells Fargo began covering KKR with “an Overweight” recommendation on December 16, 2021. BofA Securities started covering the stock on December 16, 2021. It rated KKR as “a Neutral”.

Price Performance Review of KKR

On Monday, KKR & Co. Inc. [NYSE:KKR] saw its stock jump 2.36% to $52.54. On the same session, the stock had its day’s lowest price of $51.68, but rose to a high of $52.96. Over the last five days, the stock has gained 8.04%. KKR & Co. Inc. shares have fallen nearly -29.48% since the year began. Nevertheless, the stocks have fallen -34.55% over the past one year. While a 52-week high of $81.93 was reached on 01/03/22, a 52-week low of $41.77 was recorded on 10/13/22. SMA at 50 days reached $47.53, while 200 days put it at $53.18. A total of 3.44 million shares were traded, compared to the trading of 3.74 million shares in the previous session.

Levels Of Support And Resistance For KKR Stock

The 24-hour chart illustrates a support level at 51.83, which if violated will result in even more drops to 51.11. On the upside, there is a resistance level at 53.11. A further resistance level may holdings at 53.67. The Relative Strength Index (RSI) on the 14-day chart is 66.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.86%. Stochastics %K at 79.20% indicates the stock is a holding.

How much short interest is there in KKR & Co. Inc.?

A steep rise in short interest was recorded in KKR & Co. Inc. stocks on Jul 14, 2022, growing by 0.17 million shares to a total of 8.3 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 8.13 million shares. There was a rise of 2.05%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.45% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.79.

KKR & Co. Inc. [KKR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 34,304,588 shares, or roughly 3.99% of the outstanding KKR shares. In other words, the investor’s shares have risen by 1,755,275 from its previous 13-F filing of 32549313.0. Additionally, Capital Research & Management Co increased 3.60% of its stake after which the total value it holdings stand at $1,340,695,839, while ValueAct Capital Management LP added 17.04% of its stake to hold $1.14 billion in the firm. Over the last quarter, Principal Global Investors LLC purchased 1,177,018 shares of KKR & Co. Inc., while BlackRock Fund Advisors bought -856,012 shares. At present, T. Rowe Price Associates, Inc. is holding 17,175,960 shares valued at $738.57 million. Akre Capital Management LLC owned 15,375,912 shares of the company at the time of its most recent 13F filing, worth $661.16 million.

According to FactSet, KKR & Co. Inc.’s share price will average $63.13 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.79 percent from its previous closing price of $51.33. Analysts expect KKR & Co. Inc. stock to reach the higher price of $74.00, while the lowest price estimate is $47.00. However, 19 analysts have rated KKR stock as a Buy in their predictions for 2022.


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