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 13.21% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.48%, 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 2.41% in the last 1 week, and is up 17.02% 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 10.52% and the 50-Day Moving Average is 10.22%. KKR & Co. L.P. is up 7.46% in the last 3-month period. Year-to-Date the stock performance stands at -5.05%.
KKR & Co. L.P. (NYSE:KKR): On Fridays trading session , Opening price of the stock was $14.6 with an intraday high of $14.69. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.39. However, the stock managed to close at $14.44, a loss of 1.63% for the day. On the previous day, the stock had closed at $14.68. The total traded volume of the day was 1,930,836 shares.
Also, Barclays maintains its view on KKR & Co. L.P. (NYSE:KKR) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays raises the price target from $15 per share to $16 per share on KKR & Co. L.P.. The rating by the firm was issued on July 27, 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.