KKR & Co. L.P. Target of Unusually High Options Trading (KKR)

KKR & Co. L.P. (NYSE:KKR) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 35,037 call options on the company. This is an increase of 2,585% compared to the typical daily volume of 1,305 call options.

A number of research analysts have weighed in on KKR shares. ValuEngine raised shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research note on Friday. Jefferies Group reissued a “buy” rating and issued a $26.00 target price on shares of KKR & Co. L.P. in a research note on Thursday, January 11th. Sandler O’Neill set a $24.00 target price on shares of KKR & Co. L.P. and gave the stock a “hold” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $28.00 target price on shares of KKR & Co. L.P. in a research note on Thursday, January 11th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $31.00 target price (up from $23.00) on shares of KKR & Co. L.P. in a research note on Wednesday, January 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. KKR & Co. L.P. currently has an average rating of “Buy” and an average target price of $24.20.

KKR & Co. L.P. (KKR) traded down $1.54 during mid-day trading on Monday, hitting $21.94. 7,424,942 shares of the stock traded hands, compared to its average volume of 2,850,000. The stock has a market cap of $17,960.00, a price-to-earnings ratio of 11.03, a PEG ratio of 0.71 and a beta of 1.55. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a 1 year low of $16.77 and a 1 year high of $24.50.

A number of institutional investors have recently bought and sold shares of the stock. ValueAct Holdings L.P. increased its holdings in KKR & Co. L.P. by 811.1% in the 3rd quarter. ValueAct Holdings L.P. now owns 45,555,916 shares of the asset manager’s stock valued at $926,152,000 after purchasing an additional 40,555,916 shares during the last quarter. FMR LLC increased its holdings in KKR & Co. L.P. by 2.0% in the 2nd quarter. FMR LLC now owns 41,515,622 shares of the asset manager’s stock valued at $772,191,000 after purchasing an additional 815,826 shares during the last quarter. Principal Financial Group Inc. increased its holdings in KKR & Co. L.P. by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 13,643,847 shares of the asset manager’s stock valued at $277,379,000 after purchasing an additional 718,278 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in KKR & Co. L.P. by 59.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,153,111 shares of the asset manager’s stock valued at $162,980,000 after purchasing an additional 3,024,201 shares during the last quarter. Finally, GMT Capital Corp increased its holdings in KKR & Co. L.P. by 432.0% in the 2nd quarter. GMT Capital Corp now owns 4,893,300 shares of the asset manager’s stock valued at $90,771,000 after purchasing an additional 3,973,500 shares during the last quarter. Hedge funds and other institutional investors own 64.91% of the company’s stock.

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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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