KKR & Co. L.P. Sees Unusually High Options Volume (KKR)
KKR & Co. L.P. (NYSE:KKR) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 28,076 put options on the company. This represents an increase of 1,256% compared to the typical daily volume of 2,070 put options.
KKR has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Morgan Stanley raised their target price on shares of KKR & Co. L.P. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. raised their target price on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. BidaskClub upgraded shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $23.00 target price on shares of KKR & Co. L.P. in a research note on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. KKR & Co. L.P. has a consensus rating of “Buy” and an average price target of $21.30.
Shares of KKR & Co. L.P. (NYSE KKR) opened at 18.26 on Friday. KKR & Co. L.P. has a 1-year low of $13.57 and a 1-year high of $20.34. The stock’s 50 day moving average is $18.86 and its 200 day moving average is $18.46. The firm has a market capitalization of $8.58 billion, a P/E ratio of 7.82 and a beta of 1.53.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. The company had revenue of $365.16 million for the quarter, compared to the consensus estimate of $300.74 million. During the same period in the prior year, the firm posted $0.19 EPS. Equities analysts predict that KKR & Co. L.P. will post $2.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Thursday, August 3rd. KKR & Co. L.P.’s dividend payout ratio is presently 28.22%.
In other KKR & Co. L.P. news, Director Robert W. Scully acquired 55,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $18.21 per share, for a total transaction of $1,001,550.00. Following the completion of the purchase, the director now owns 49,495 shares in the company, valued at $901,303.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Large investors have recently made changes to their positions in the business. Harbour Capital Advisors LLC increased its position in shares of KKR & Co. L.P. by 1,760.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 4,185 shares of the asset manager’s stock valued at $225,000 after purchasing an additional 3,960 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of KKR & Co. L.P. in the 1st quarter valued at approximately $115,000. Investment Centers of America Inc. purchased a new stake in shares of KKR & Co. L.P. in the 1st quarter valued at approximately $184,000. Fairview Capital Investment Management LLC purchased a new stake in shares of KKR & Co. L.P. in the 1st quarter valued at approximately $198,000. Finally, Laurel Wealth Advisors Inc. increased its position in shares of KKR & Co. L.P. by 0.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock valued at $203,000 after purchasing an additional 67 shares during the last quarter. 66.61% of the stock is currently owned by institutional investors.
About KKR & Co. L.P.
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.
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