KKR & Co. L.P. Target of Unusually High Options Trading (KKR)
KKR & Co. L.P. (NYSE:KKR) was the recipient of unusually large options trading on Friday. Traders acquired 18,071 put options on the stock. This represents an increase of Infinity compared to the typical daily volume of 0 put options.
In other KKR & Co. L.P. news, Director Robert W. Scully bought 55,000 shares of KKR & Co. L.P. stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $18.21 per share, for a total transaction of $1,001,550.00. Following the completion of the acquisition, the director now owns 49,495 shares in the company, valued at approximately $901,303.95. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Several large investors have recently added to or reduced their stakes in KKR. FMR LLC increased its position in KKR & Co. L.P. by 2.0% during the second quarter. FMR LLC now owns 41,515,622 shares of the asset manager’s stock worth $772,191,000 after buying an additional 815,826 shares during the last quarter. Principal Financial Group Inc. increased its position in KKR & Co. L.P. by 5.6% during the third quarter. Principal Financial Group Inc. now owns 13,643,847 shares of the asset manager’s stock worth $277,379,000 after buying an additional 718,278 shares during the last quarter. JPMorgan Chase & Co. increased its position in KKR & Co. L.P. by 464.6% during the second quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock worth $95,399,000 after buying an additional 4,220,481 shares during the last quarter. ValueAct Holdings L.P. acquired a new position in KKR & Co. L.P. during the second quarter worth approximately $93,000,000. Finally, GMT Capital Corp increased its position in KKR & Co. L.P. by 432.0% during the second quarter. GMT Capital Corp now owns 4,893,300 shares of the asset manager’s stock worth $90,771,000 after buying an additional 3,973,500 shares during the last quarter. 65.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of KKR & Co. L.P. (NYSE KKR) opened at $20.02 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $9,409.06, a PE ratio of 8.70, a P/E/G ratio of 0.63 and a beta of 1.54. KKR & Co. L.P. has a 12-month low of $13.57 and a 12-month high of $20.76.
KKR & Co. L.P. (NYSE:KKR) last released its earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). The company had revenue of $356.00 million during the quarter, compared to analyst estimates of $314.80 million. KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.61%. KKR & Co. L.P.’s revenue was up 29.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. research analysts expect that KKR & Co. L.P. will post 2.43 EPS for the current year.
The business also recently announced a dividend, which will be paid on Tuesday, November 21st. Investors of record on Monday, November 6th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 3rd. KKR & Co. L.P.’s dividend payout ratio is currently 34.34%.
KKR has been the topic of a number of research reports. ValuEngine upgraded KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Zacks Investment Research upgraded KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, September 7th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $27.00 price target on shares of KKR & Co. L.P. in a report on Thursday, October 12th. 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 report on Thursday, October 5th. Finally, Goldman Sachs Group, Inc. (The) upgraded KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.80.
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.
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