KKR & Co. Inc. Price Target Raised to $152 by Wells Fargo
Oct 27, 2024
Analysis of Whales' Activity with KKR
Recently, there has been an observable shift in the trading behavior of large investors, often referred to as "whales," regarding KKR. These whales are predominantly taking a bearish stance on the company's stock.
By examining the options trading history for KKR, we found a total of 12 trades. Analysis of these trades reveals that only 16% of investors opened positions with bullish expectations, while a significant 66% took a bearish approach.
The breakdown of the trades indicates that 3 were put options valued at $129,172, whereas 9 were call options totaling $766,533.
What is the Price Target?
After assessing trading volumes and open interest, it becomes clear that major market players are eyeing a price range between $100.00 and $125.00 for KKR within the past three months.
Understanding Volume and Open Interest
Analyzing volume and open interest is crucial when trading options. This information can help investors gauge the liquidity and demand for KKR's options at various strike prices. The following section outlines the trends in volume and open interest for both calls and puts related to KKR trades within the specified strike price range over the last 30 days.
Options Trading Activity Analysis: Last 30 Days
Highlighted Options Trades:
| Symbol | PUT/CALL | Trade Type | Sentiment | Expiration Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KKR | CALL | SWEEP | BEARISH | 07/18/25 | $24.3 | $24.0 | $24.02 | $100.00 | $240.8K | 174 | 100 |
| KKR | CALL | SWEEP | BEARISH | 04/17/25 | $13.1 | $12.8 | $12.8 | $110.00 | $128.0K | 269 | 100 |
| KKR | CALL | SWEEP | BEARISH | 04/04/25 | $4.4 | $4.3 | $4.3 | $119.00 | $86.0K | 1.1K | 402 |
| KKR | CALL | SWEEP | BEARISH | 04/04/25 | $3.9 | $3.8 | $3.9 | $119.00 | $73.3K | 1.1K | 947 |
| KKR | CALL | SWEEP | BEARISH | 04/04/25 | $4.0 | $3.9 | $4.0 | $119.00 | $58.4K | 1.1K | 759 |
About KKR
KKR is among the largest alternative asset management firms globally, with total assets under management reaching $624.4 billion as of September 2024. The company's operations include asset management—covering private equity, credit, real estate, and public markets—as well as insurance services following their acquisition of Global Atlantic Financial Group.
Shifting focus from trading patterns, let's now consider KKR's market performance.
Current Market Position of KKR
- KKR is currently trading at $119.73, reflecting a decline of 2.01% with a trading volume of 1,234,294.
- The Relative Strength Index (RSI) indicates neutrality, suggesting that the stock is neither overbought nor oversold.
- The next earnings announcement is anticipated in approximately 35 days.
Analyst Insights on KKR
In the last month, one analyst has rated KKR, setting an average price target of $141.00. Notably, an analyst from Wells Fargo upgraded their rating to Overweight, with the same revised price target.
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KKR, options, trading