Traders Buy High Volume of KKR & Co. Inc. Call Options (NYSE:KKR)

KKR & Co. Inc. (NYSE:KKR - Get Free Report) saw unusually large options trading activity on Thursday. Traders acquired 19,916 call options on the stock. This represents an increase of 282% compared to the average volume of 5,209 call options.

Insider Buying and Selling

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

Institutional Trading of KKR & Co. Inc.

A number of institutional investors have recently bought and sold shares of the business. Cookson Peirce & Co. Inc. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $9,636,000. Vanguard Group Inc. grew its holdings in shares of KKR & Co. Inc. by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 39,941,257 shares of the asset manager's stock valued at $2,460,381,000 after buying an additional 475,118 shares during the period. Community Trust & Investment Co. acquired a new position in shares of KKR & Co. Inc. in the 4th quarter valued at $6,615,000. TIAA Trust National Association bought a new stake in KKR & Co. Inc. in the 4th quarter valued at $8,530,000. Finally, abrdn plc lifted its position in KKR & Co. Inc. by 83.9% in the 4th quarter. abrdn plc now owns 293,690 shares of the asset manager's stock valued at $24,332,000 after acquiring an additional 134,003 shares in the last quarter. Institutional investors and hedge funds own 76.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KKR shares. StockNews.com raised KKR & Co. Inc. from a "sell" rating to a "hold" rating in a research note on Thursday. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $104.00 target price on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Morgan Stanley raised their price objective on KKR & Co. Inc. from $75.00 to $82.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. Barclays raised their price objective on KKR & Co. Inc. from $113.00 to $114.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on KKR & Co. Inc. from $93.00 to $103.00 and gave the company an "overweight" rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.00.

KKR & Co. Inc. Price Performance

Shares of NYSE:KKR traded up $2.01 during trading on Thursday, reaching $97.13. The stock had a trading volume of 6,504,136 shares, compared to its average volume of 3,514,375. KKR & Co. Inc. has a 52 week low of $47.79 and a 52 week high of $103.48. The business's 50-day moving average price is $97.60 and its 200 day moving average price is $83.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $85.96 billion, a PE ratio of 23.69, a P/E/G ratio of 0.86 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $995.64 million. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. As a group, equities analysts predict that KKR & Co. Inc. will post 4.15 earnings per share for the current year.

KKR & Co. Inc. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 15th. KKR & Co. Inc.'s dividend payout ratio 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.