Investors Buy High Volume of KKR & Co. L.P. Call Options (KKR)
KKR & Co. L.P. (NYSE:KKR) was the target of some unusual options trading on Tuesday. Stock traders purchased 35,037 call options on the company. This represents an increase of 2,585% compared to the average daily volume of 1,305 call options.
A number of equities research analysts have issued reports on KKR shares. TheStreet upgraded KKR & Co. L.P. from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $28.00 price target on shares of KKR & Co. L.P. in a research note on Thursday. Goldman Sachs Group upgraded KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research note on Monday, October 16th. Jefferies Group restated a “buy” rating and set a $26.00 price target on shares of KKR & Co. L.P. in a research note on Thursday. Finally, Morgan Stanley boosted their price target on KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. KKR & Co. L.P. has a consensus rating of “Buy” and a consensus price target of $24.20.
KKR & Co. L.P. (KKR) opened at $23.03 on Friday. The stock has a market capitalization of $18,860.00, a P/E ratio of 11.57, a P/E/G ratio of 0.67 and a beta of 1.52. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. KKR & Co. L.P. has a 52 week low of $16.77 and a 52 week high of $23.32.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). The company had revenue of $356.00 million for the quarter, compared to the consensus estimate of $314.80 million. KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.39%. The company’s revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. research analysts predict that KKR & Co. L.P. will post 2.44 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Concourse Capital Management LLC grew its stake in shares of KKR & Co. L.P. by 7.9% during the 2nd quarter. Concourse Capital Management LLC now owns 402,559 shares of the asset manager’s stock valued at $7,488,000 after acquiring an additional 29,420 shares during the period. Wells Fargo & Company MN boosted its stake in KKR & Co. L.P. by 1.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,517,492 shares of the asset manager’s stock worth $65,425,000 after purchasing an additional 61,130 shares during the period. ValueAct Holdings L.P. boosted its stake in KKR & Co. L.P. by 811.1% in the 3rd quarter. ValueAct Holdings L.P. now owns 45,555,916 shares of the asset manager’s stock worth $926,152,000 after purchasing an additional 40,555,916 shares during the period. GVO Asset Management Ltd boosted its stake in KKR & Co. L.P. by 55.3% in the 3rd quarter. GVO Asset Management Ltd now owns 591,650 shares of the asset manager’s stock worth $12,028,000 after purchasing an additional 210,750 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in KKR & Co. L.P. in the 2nd quarter worth approximately $5,042,000. Institutional investors own 64.95% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Investors Buy High Volume of KKR & Co. L.P. Call Options (KKR)” was reported by Watch List News and is owned by of Watch List News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/investors-buy-high-volume-of-kkr-co-l-p-call-options-kkr/1803658.html.
KKR & Co. L.P. Company Profile
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 Company’s 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.
Receive News & Ratings for KKR & Co. L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.