KKR & Co. Inc’s filing revealed that its 10% Owner KKR Group Partnership L.P. unloaded Company’s shares for reported $64.44 million on Apr 01 ’24. In the deal valued at $10.74 per share,6,000,000 shares were sold. As a result of this transaction, KKR Group Partnership L.P. now holds 0 shares worth roughly $0.0.
Then, KKR Alternative Assets LLC bought 571,429 shares, generating $14,285,714 in total proceeds. Upon buying the shares at $25.00, the 10% Owner now owns 1,000,687 shares.
Before that, KKR Alternative Assets LLC bought 286,402 shares. KKR & Co. Inc shares valued at $7,142,857 were divested by the 10% Owner at a price of $24.94 per share. As a result of the transaction, KKR Alternative Assets LLC now holds 429,259 shares, worth roughly $43.33 million.
TD Cowen initiated its KKR & Co. Inc [KKR] rating to an Outperform in a research note published on January 04, 2024; the price target was $96. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late November has reiterated a ‘”an Outperform”‘ rating for it. Wolfe Research began covering KKR with “an Outperform” recommendation on October 05, 2023. Citigroup started covering the stock on May 19, 2023. It rated KKR as “a Buy”.
Price Performance Review of KKR
On Friday, KKR & Co. Inc [NYSE:KKR] saw its stock jump 2.81% to $100.93. Over the last five days, the stock has gained 0.35%. KKR & Co. Inc shares have risen nearly 21.82% since the year began. Nevertheless, the stocks have risen 97.86% over the past one year. While a 52-week high of $103.48 was reached on 03/21/24, a 52-week low of $47.79 was recorded on 01/03/24. SMA at 50 days reached $95.89, while 200 days put it at $73.19. A total of 2.66 million shares were traded, compared to the trading of 2.13 million shares in the previous session.
Levels Of Support And Resistance For KKR Stock
The 24-hour chart illustrates a support level at 99.10, which if violated will result in even more drops to 97.27. On the upside, there is a resistance level at 102.11. A further resistance level may holdings at 103.30. The Relative Strength Index (RSI) on the 14-day chart is 59.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.91%. Stochastics %K at 55.44% 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 Mar 15, 2024, growing by 1.22 million shares to a total of 7.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.54 million shares. There was a rise of 15.72%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.15% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.08.
The most recent change occurred on March 02, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $69 price target.
