KKR & Co Inc Sees Unusually Large Options Volume (KKR)

KKR & Co Inc (NYSE:KKR) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 33,001 call options on the company. This is an increase of 2,553% compared to the typical daily volume of 1,244 call options.

NYSE:KKR opened at $23.14 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. KKR & Co Inc has a 52 week low of $18.74 and a 52 week high of $28.73. The firm has a market capitalization of $12.04 billion, a PE ratio of 9.72, a PEG ratio of 0.99 and a beta of 1.61.

KKR & Co Inc (NYSE:KKR) last released its earnings results on Thursday, October 25th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. KKR & Co Inc had a net margin of 48.08% and a return on equity of 7.25%. The company had revenue of $491.50 million for the quarter, compared to the consensus estimate of $401.39 million. Equities research analysts forecast that KKR & Co Inc will post 1.87 earnings per share for the current year.



The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Monday, November 5th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, November 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.16%. KKR & Co Inc’s payout ratio is presently 28.57%.

A number of equities research analysts have recently commented on KKR shares. Wells Fargo & Co upped their price objective on shares of KKR & Co Inc from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, July 10th. Morgan Stanley upped their price objective on shares of KKR & Co Inc from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, July 12th. Zacks Investment Research lowered shares of KKR & Co Inc from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 24th. Oppenheimer upped their price objective on shares of KKR & Co Inc from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 18th. Finally, Bank of America lowered shares of KKR & Co Inc from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research note on Wednesday, October 10th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. KKR & Co Inc has an average rating of “Buy” and an average price target of $30.33.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr bought 14,132 shares of KKR & Co Inc stock in a transaction on Friday, August 31st. The shares were purchased at an average cost of $15.93 per share, with a total value of $225,122.76. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 130,656 shares of company stock worth $1,914,185 over the last three months.

Several institutional investors have recently added to or reduced their stakes in KKR. BlackRock Inc. lifted its position in shares of KKR & Co Inc by 7.8% during the 1st quarter. BlackRock Inc. now owns 621,202 shares of the asset manager’s stock valued at $12,610,000 after acquiring an additional 45,199 shares during the period. Principal Financial Group Inc. lifted its position in shares of KKR & Co Inc by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 14,541,128 shares of the asset manager’s stock valued at $295,185,000 after acquiring an additional 237,568 shares during the period. First American Trust FSB acquired a new position in shares of KKR & Co Inc during the 2nd quarter valued at $205,000. XR Securities LLC acquired a new position in shares of KKR & Co Inc during the 2nd quarter valued at $270,000. Finally, Selz Capital LLC acquired a new position in shares of KKR & Co Inc during the 2nd quarter valued at $1,243,000. Institutional investors own 62.79% of the company’s stock.

About KKR & Co Inc

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.

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