In a filing, KKR & Co. Inc revealed its 10% Owner KKR Group Partnership L.P. unloaded Company’s shares for reported $48.16 million on Jul 25 ’24. In the deal valued at $18.85 per share,2,554,644 shares were sold. As a result of this transaction, KKR Group Partnership L.P. now holds 0 shares worth roughly $0.0.
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Then, KKR Phorm Investors L.P. sold 24,411,968 shares, generating $124,501,037 in total proceeds. Upon selling the shares at $5.10, the 10% Owner now owns 0 shares.
Before that, KKR Alternative Assets LLC bought 1,956,182 shares. KKR & Co. Inc shares valued at $50,000,000 were divested by the 10% Owner at a price of $25.56 per share. As a result of the transaction, KKR Alternative Assets LLC now holds 9,688,618 shares, worth roughly $1.15 billion.
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 Monday, KKR & Co. Inc [NYSE:KKR] saw its stock jump 0.08% to $118.60. Over the last five days, the stock has gained 0.62%. KKR & Co. Inc shares have risen nearly 43.15% since the year began. Nevertheless, the stocks have risen 100.57% over the past one year. While a 52-week high of $120.14 was reached on 07/26/24, a 52-week low of $53.72 was recorded on 01/03/24. SMA at 50 days reached $108.41, while 200 days put it at $90.53. A total of 3.9 million shares were traded, compared to the trading of 3.48 million shares in the previous session.
Levels Of Support And Resistance For KKR Stock
The 24-hour chart illustrates a support level at 117.23, which if violated will result in even more drops to 115.85. On the upside, there is a resistance level at 119.68. A further resistance level may holdings at 120.75. The Relative Strength Index (RSI) on the 14-day chart is 67.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.90%. Stochastics%K at 86.32% indicates the stock is a selling.
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.
