Shares of KKR & Co. L.P. (KKR) Sees Large Outflow of Money

KKR & Co. L.P. (KKR) : Money flow in the KKR & Co. L.P. (KKR) stock was negative (6 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $6.39 million, compared to $12.39 million on downticks. The total uptick to downtick ratio was 0.52, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($6.25 million), indicating selling on the strength. The transaction value during uptick in block trades was $3.37 million. Downtick transaction value in block trades amounted to $9.62 million, indicating persistent selling. The uptick to downtick ratio was 0.35. KKR & Co. L.P. (KKR) traded $0.34 higher at $13.4 gaining 2.6% over the previous days close.


Also, In the latest statement by the brokerage house, Keefe Bruyette & Woods maintains its outlook on KKR & Co. L.P. (NYSE:KKR). The current rating of the shares is Market Perform, according to the research report released by the firm. The brokerage firm lowers the price target from $21 per share to $20 per share. The rating by the firm was issued on July 11, 2016.

KKR & Co. L.P. (NYSE:KKR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.04 and $13.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.68, notching a gain of 4.75% for the day. The total traded volume was 7,604,475 . The stock had closed at $13.06 on the previous day.

The stock has recorded a 20-day Moving Average of 9.39% and the 50-Day Moving Average is 5.83%. In a related news, The officer (General Counsel and Secretary), of Kkr & Co. L.P., Sorkin David had unloaded 22,767 shares at $23.76 per share in a transaction on August 5, 2015. The total value of transaction was $540,944. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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