KKR & Co. Inc’s filing revealed that its 10% Owner KKR Alternative Assets LLC acquired Company’s shares for reported $50.0 million on Jun 04 ’24. In the deal valued at $25.56 per share,1,956,182 shares were bought. As a result of this transaction, KKR Alternative Assets LLC now holds 9,688,618 shares worth roughly $949.39 million.
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Then, KKR Group Partnership L.P. sold 17,500,000 shares, generating $218,400,000 in total proceeds. Upon selling the shares at $12.48, the 10% Owner now owns 33,133,123 shares.
Before that, KKR Group Partnership L.P. sold 17,500,000 shares. KKR & Co. Inc shares valued at $1,458,800,000 were divested by the 10% Owner at a price of $83.36 per share. As a result of the transaction, KKR Group Partnership L.P. now holds 366,567 shares, worth roughly $35.92 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 fall -1.51% to $97.99. Over the last five days, the stock has lost -4.72%. KKR & Co. Inc shares have risen nearly 18.27% since the year began. Nevertheless, the stocks have risen 79.14% over the past one year. While a 52-week high of $108.00 was reached on 05/24/24, a 52-week low of $52.95 was recorded on 01/03/24. SMA at 50 days reached $99.88, while 200 days put it at $82.25. A total of 4.76 million shares were traded, compared to the trading of 5.0 million shares in the previous session.
Levels Of Support And Resistance For KKR Stock
The 24-hour chart illustrates a support level at 96.28, which if violated will result in even more drops to 94.58. On the upside, there is a resistance level at 99.84. A further resistance level may holdings at 101.70. The Relative Strength Index (RSI) on the 14-day chart is 41.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.52%. Stochastics %K at 20.16% indicates the stock is a holding.
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.
