On June 25, KKR rose 3.13% in regular trading, trading at $94.375/share, with turnover of $256 million. The stock gained momentum after the company disclosed strong monetization activity results for the current quarter.
KKR reported that income from monetization activity exceeded $900 million in the period from March 31 through June 24, representing 80% realized performance income and 20% realized investment income. The company noted an acceleration in monetization activity and capital returned to clients on a year-to-date basis, surpassing Q1's $878 million figure. Additionally, KKR announced a partnership with Frontier Power to support scaled deployment of long-duration energy storage solutions, further expanding its infrastructure footprint.
Within the Asset Management & Custody Banks sector, peers showed mixed performance. Blackstone Group LP rose 2.43%, Galaxy Digital Holdings gained 1.89%, Bank of New York Mellon climbed 1.87%, while BlackRock slipped 0.06% and Ares Management fell 0.37%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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