KKR & Co Inc (NYSE:KKR) saw unusually large options trading on Thursday. Traders bought 20,319 put options on the company. This is an increase of approximately 1,944% compared to the average daily volume of 994 put options.

A number of research firms have recently commented on KKR. Oppenheimer set a $35.00 price target on KKR & Co Inc and gave the stock a “buy” rating in a report on Wednesday, September 26th. Deutsche Bank lowered their price target on KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, October 11th. Zacks Investment Research raised KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, October 17th. ValuEngine cut KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of KKR & Co Inc in a report on Monday, October 15th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $29.87.

In other news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of the business’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $40.20, for a total transaction of $404,181,211.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its position in KKR & Co Inc by 3.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 60,422 shares of the asset manager’s stock worth $1,501,000 after acquiring an additional 1,956 shares during the last quarter. Bollard Group LLC grew its position in shares of KKR & Co Inc by 0.8% in the 2nd quarter. Bollard Group LLC now owns 278,476 shares of the asset manager’s stock valued at $6,920,000 after buying an additional 2,132 shares during the last quarter. Mutual Advisors LLC grew its position in shares of KKR & Co Inc by 12.5% in the 2nd quarter. Mutual Advisors LLC now owns 19,520 shares of the asset manager’s stock valued at $485,000 after buying an additional 2,175 shares during the last quarter. LLBH Private Wealth Management LLC grew its position in shares of KKR & Co Inc by 2.3% in the 3rd quarter. LLBH Private Wealth Management LLC now owns 103,821 shares of the asset manager’s stock valued at $2,831,000 after buying an additional 2,345 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. grew its position in shares of KKR & Co Inc by 9.4% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 27,800 shares of the asset manager’s stock valued at $758,000 after buying an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 73.65% of the company’s stock.

Shares of KKR stock opened at $21.61 on Friday. The firm has a market cap of $11.82 billion, a P/E ratio of 9.08, a PEG ratio of 0.98 and a beta of 1.60. KKR & Co Inc has a twelve month low of $19.11 and a twelve month high of $28.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.01 and a current ratio of 1.01.

KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $491.50 million for the quarter, compared to analyst estimates of $401.39 million. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. Equities research analysts expect that KKR & Co Inc will post 1.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Investors of record on Monday, November 5th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 2.31%. KKR & Co Inc’s dividend payout ratio is currently 21.01%.

ILLEGAL ACTIVITY WARNING: “Traders Purchase High Volume of KKR & Co Inc Put Options (KKR)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2018/12/07/traders-purchase-high-volume-of-kkr-co-inc-put-options-kkr.html.

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.

Featured Article: Understanding Price to Earnings Ratio (PE)

Receive News & Ratings for KKR & Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co Inc and related companies with MarketBeat.com's FREE daily email newsletter.