Investors Buy Large Volume of Call Options on KKR & Co. L.P. (KKR)

KKR & Co. L.P. (NYSE:KKR) was the target of unusually large options trading on Thursday. Investors acquired 32,528 call options on the company. This represents an increase of 2,191% compared to the typical daily volume of 1,420 call options.

In other news, major shareholder Fund Holdings L.P. Kkr sold 9,632,145 shares of the stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $31.68, for a total transaction of $305,146,353.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holdings L.P. Valueact purchased 1,450,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were bought at an average price of $21.55 per share, for a total transaction of $31,247,500.00. The disclosure for this purchase can be found here.

How to Become a New Pot Stock Millionaire

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ValueAct Holdings L.P. boosted its stake in shares of KKR & Co. L.P. by 4.8% during the 4th quarter. ValueAct Holdings L.P. now owns 47,750,000 shares of the asset manager’s stock worth $1,005,615,000 after acquiring an additional 2,194,084 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of KKR & Co. L.P. by 25.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,914,922 shares of the asset manager’s stock worth $82,448,000 after acquiring an additional 801,196 shares in the last quarter. Alkeon Capital Management LLC boosted its stake in shares of KKR & Co. L.P. by 35.3% during the 4th quarter. Alkeon Capital Management LLC now owns 3,239,106 shares of the asset manager’s stock worth $68,215,000 after acquiring an additional 844,754 shares in the last quarter. Davis Selected Advisers boosted its stake in shares of KKR & Co. L.P. by 0.4% during the 3rd quarter. Davis Selected Advisers now owns 2,326,754 shares of the asset manager’s stock worth $47,303,000 after acquiring an additional 9,490 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of KKR & Co. L.P. by 592.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,258,118 shares of the asset manager’s stock worth $47,556,000 after acquiring an additional 1,932,051 shares in the last quarter. 68.24% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE KKR opened at $20.33 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $9,784.69, a price-to-earnings ratio of 8.45, a PEG ratio of 0.61 and a beta of 1.58. KKR & Co. L.P. has a 1 year low of $16.77 and a 1 year high of $24.50.

KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). The firm had revenue of $941.64 million for the quarter, compared to the consensus estimate of $367.36 million. KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.34%. The business’s revenue for the quarter was up 95.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. equities research analysts forecast that KKR & Co. L.P. will post 2.54 earnings per share for the current year.

KKR has been the topic of a number of research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 price target on shares of KKR & Co. L.P. in a research report on Thursday, January 11th. ValuEngine raised KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Jefferies Group reissued a “buy” rating and issued a $26.00 price objective on shares of KKR & Co. L.P. in a report on Thursday, January 11th. Finally, Sandler O’Neill set a $24.00 price objective on KKR & Co. L.P. and gave the stock a “hold” rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. KKR & Co. L.P. has a consensus rating of “Buy” and an average target price of $24.64.

ILLEGAL ACTIVITY NOTICE: “Investors Buy Large Volume of Call Options on KKR & Co. L.P. (KKR)” was originally published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3334427/investors-buy-large-volume-of-call-options-on-kkr-co-l-p-kkr.html.

KKR & Co. L.P. Company Profile

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.

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Head to Head Comparison: DistributionNOW  and Its Competitors
Head to Head Comparison: DistributionNOW and Its Competitors
Head-To-Head Comparison: COBHAM  and BAE Systems
Head-To-Head Comparison: COBHAM and BAE Systems
Analysts Expect Alkermes Plc  Will Announce Earnings of -$0.08 Per Share
Analysts Expect Alkermes Plc Will Announce Earnings of -$0.08 Per Share
Contrasting Highwoods Properties  & Equity Residential
Contrasting Highwoods Properties & Equity Residential
Blakecoin Trading 21.2% Higher  Over Last 7 Days
Blakecoin Trading 21.2% Higher Over Last 7 Days
Trinity Network Credit Price Reaches $0.13 on Exchanges
Trinity Network Credit Price Reaches $0.13 on Exchanges


© 2006-2018 Ticker Report. Google+.