KKR & Co. L.P. (KKR) : Traders are bullish on KKR & Co. L.P. (KKR) as it has outperformed the S&P 500 by a wide margin of 13.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.03% in the last 1 week, and is up 15.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.87% and the 50-Day Moving Average is 11.76%. KKR & Co. L.P. (NYSE:KKR): On Fridays trading session , Opening price of the stock was $14.76 with an intraday high of $14.87. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.695. However, the stock managed to close at $14.78, a loss of 0.20% for the day. On the previous day, the stock had closed at $14.81. The total traded volume of the day was 1,195,058 shares.
In the past twelve weeks, the net percent change held by company insiders has changed by -62.96% . Institutional Investors own 60.53% of KKR & Co. L.P. shares. During last six month period, the net percent change held by insiders has seen a change of -62.96%. Also, Barclays maintains their rating on the shares of KKR & Co. L.P. (NYSE:KKR). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $17 per share from $16 per share. The rating by the firm was issued on August 9, 2016.
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Companys business offers a range of investment management services to its fund investors and provides capital markets services to its firm, its portfolio companies and third parties. The Company operates through three segments: Private Markets, Public Markets, Capital Markets and Other, and Client & Partner Group. Through Private Markets segment, the Company manages and sponsors a group of private equity funds and co-investment vehicles that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. The Company operates its combined credit and hedge funds businesses through the Public Markets segment. The Capital Markets and Other segment consist primarily of KKRs global capital markets business.