Traders Purchase High Volume of KKR & Co Inc Put Options (KKR)
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.
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%.
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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