Stock Traders Purchase Large Volume of KKR & Co. Inc. Call Options (NYSE:KKR)

KKR & Co. Inc. (NYSE:KKR - Get Free Report) was the recipient of unusually large options trading on Monday. Stock investors acquired 9,153 call options on the stock. This represents an increase of 83% compared to the average volume of 4,993 call options.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, major shareholder Kkr Alternative Assets Llc acquired 286,402 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $24.94 per share, for a total transaction of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares in the company, valued at $10,705,719.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.87, for a total transaction of $136,206,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Kkr Alternative Assets Llc purchased 286,402 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $24.94 per share, with a total value of $7,142,865.88. Following the acquisition, the insider now directly owns 429,259 shares of the company's stock, valued at approximately $10,705,719.46. The disclosure for this purchase can be found here. Company insiders own 39.34% of the company's stock.

Institutional Trading of KKR & Co. Inc.

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in KKR & Co. Inc. by 197.2% during the 4th quarter. Blue Trust Inc. now owns 318 shares of the asset manager's stock worth $26,000 after purchasing an additional 211 shares during the last quarter. Quarry LP boosted its position in KKR & Co. Inc. by 95.3% during the second quarter. Quarry LP now owns 459 shares of the asset manager's stock worth $26,000 after acquiring an additional 224 shares during the last quarter. Riverview Trust Co purchased a new stake in KKR & Co. Inc. during the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in KKR & Co. Inc. in the 4th quarter valued at about $30,000. Finally, Missouri Trust & Investment Co lifted its stake in KKR & Co. Inc. by 408.9% in the 4th quarter. Missouri Trust & Investment Co now owns 458 shares of the asset manager's stock worth $38,000 after purchasing an additional 368 shares in the last quarter. 76.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a research report on Wednesday, February 7th. Morgan Stanley raised their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $104.00 price target on shares of KKR & Co. Inc. in a report on Thursday, April 4th. Barclays increased their price objective on KKR & Co. Inc. from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Finally, JMP Securities upped their target price on KKR & Co. Inc. from $108.00 to $112.00 and gave the company a "market outperform" rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.64.

KKR & Co. Inc. Price Performance

NYSE:KKR traded down $1.45 during trading hours on Monday, reaching $95.84. 3,350,330 shares of the company were exchanged, compared to its average volume of 3,427,634. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.82. The firm has a market cap of $84.82 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. KKR & Co. Inc. has a twelve month low of $47.79 and a twelve month high of $103.48. The stock's 50-day moving average is $97.56 and its 200-day moving average is $81.03.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. On average, sell-side analysts anticipate that KKR & Co. Inc. will post 4.28 earnings per share for the current fiscal year.

KKR & Co. Inc. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.165 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. KKR & Co. Inc.'s dividend payout ratio (DPR) is presently 16.18%.

About KKR & Co. Inc.

KKR & Co Inc 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, lower middle market and middle market investments.