KKR & Co. Inc. (NYSE:KKR – Get Free Report) was the recipient of unusually large options trading on Thursday. Investors bought 14,378 put options on the company. This represents an increase of approximately 88% compared to the typical volume of 7,654 put options.
KKR & Co. Inc. Trading Down 4.2%
KKR stock traded down $4.22 during mid-day trading on Thursday, reaching $97.12. The company had a trading volume of 2,454,581 shares, compared to its average volume of 5,545,475. The company has a market capitalization of $87.18 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 0.73 and a beta of 1.72. The firm has a 50 day moving average of $96.48 and a 200 day moving average of $98.63. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $144.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.09 and a quick ratio of 0.09.
Insider Buying and Selling at KKR & Co. Inc.
In related news, insider Dane Holmes sold 10,000 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the sale, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. This represents a 54.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.20% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of KKR & Co. Inc. during the 2nd quarter worth $470,778,000. Bank of New York Mellon Corp bought a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $298,311,000. Temasek Holdings Private Ltd raised its holdings in shares of KKR & Co. Inc. by 164.4% in the first quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after acquiring an additional 2,190,248 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of KKR & Co. Inc. in the second quarter valued at about $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $147,628,000. Institutional investors own 76.26% of the company’s stock.
Wall Street Analyst Weigh In
KKR has been the topic of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of KKR & Co. Inc. from $129.00 to $112.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Evercore cut their price target on shares of KKR & Co. Inc. from $119.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KKR & Co. Inc. from $111.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Morgan Stanley decreased their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Finally, TD Cowen cut their target price on KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.58.
Check Out Our Latest Stock Analysis on KKR & Co. Inc.
KKR & Co. Inc. Company Profile
KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.
KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.
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