Últimas noticias sobre KKR (NYSE:KKR) Bolsa

KKR & Co

KKR is one of the world's largest alternative asset managers, with $601.3 billion in total managed assets, including $487.3 billion in fee-earning AUM, at the end of June 2024. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).

KKR & Co Inc

KATAKURA INDSTRS CO LTD by Katakura Industries Co Ltd

Katakura Industries Co Ltd

KKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061

KKR AND CO ORD

KKR Income Opportunities Fund Common Shares

KKR Income Opportunities Fund

KKR Real Estate Finance Trust Inc. Common Stock

KKR Real Estate Finance Trust Inc

KKR Real Estate Finance Trust Inc. 6.50% Series A Cumulative Redeemable Preferred Stock

KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) shares are trading lower premarket on Friday after the firm partnered with BBVA <a href="https://www.benzinga.com/topic/carbon-emissions">to advance decarbonization efforts</a>.
BBVA <a href="https://www.bbva.com/en/sustainability/bbva-forms-a-strategic-partnership-with-kkr-investing-200-million-in-its-global-climate-strategy/">committed</a> $200 million to KKR&#8217;s Global Climate Strategy, which focuses on large-scale investments that aid the transition to a low-carbon economy.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/09/40859088/kkr-aims-to-replicate-european-private-equity-success-report" target="_blank" rel="noreferrer noopener">KKR Aims To Replicate European Private Equity Success: Report</a>
The partnership will also explore new climate infrastructure investment opportunities, focusing on energy transition and electrification.
It aims to leverage both firms&#8217; strengths, foster knowledge sharing, and accelerate progress toward shared energy transition goals.
&#8220;Large asset managers and international banks are necessary to finance&#8221; this transition &#8220;in an orderly manner,&#8221; BBVA&#8217;s Head of Sustainability Javier Rodríguez Soler said in a prepared statement. 
Emmanuel Lagarrigue and Charlie Gailliot, co-heads of KKR´s global climate strategy, called the transition to net-zero &#8220;one of the biggest investment opportunities of our time.&#8221;  
Separately, KKR announced the sale of GeoStabilization International to Leonard Green &amp; Partners <a href="https://www.benzinga.com/pressreleases/24/09/b41055293/kkr-to-sell-geostabilization-international-to-leonard-green-partners" target="_blank" rel="noreferrer noopener">for an undisclosed amount</a>.
Also, KKR and the Skip Essential Infrastructure Fund have signed definitive agreements to acquire a 74.25% stake in Queensland Airports <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41037561/consortium-of-kkr-and-the-skip-essential-infrastructure-fund-to-acquire-majority-stake-in-queensla" rel="noreferrer noopener">Limited for an undisclosed amount</a>.
Investors can gain exposure to the stock via FM Focus Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMCX#NYSE">FMCX</a>) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>).
Price Action: KKR shares are down 0.21% at $131.10 at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40688027/kkr-faces-competition-from-bain-capital-for-fuji-soft-bid-report" target="_blank" rel="noreferrer noopener">KKR Faces Competition From Bain Capital For Fuji Soft Bid: Report</a></li>
</ul>

Equities

Large Cap

News

Contracts

Asset Sales

FMCX

What's Going With KKR Shares Premarket On Friday?

All 900+ GSI Employee Owners to Earn Cash Payouts, with Longest Tenured Hourly Employees Each Receiving Over $325,000 in Proceeds
KKR today announced an agreement to sell GeoStabilization International ("GSI" or the "Company") to Leonard Green &amp; Partners, L.P. ("LGP"). GSI is a leading provider of geohazard mitigation solutions and roadway safety services. The sale delivers a return of five times the equity invested by KKR, and all GSI employees will receive substantial cash payouts on their ownership stakes in the Company.

KKR to Sell GeoStabilization International To Leonard Green & Partners; All 900+ GSI Employee Owners To Earn Cash Payouts, With Longest Tenured Hourly Employees Each Receiving Over $325,000 In Proceeds; Financial Terms Of Transaction Not Disclosed

Funds Approach Eni For Second Biofuel Stake Sale As It Readies Deal With KKR

Reported Earlier, KKR And The Skip Essential Infrastructure Fund Announced The Signing Of Definitive Agreements Under Which A Consortium Of The Companies Will Acquire A 74.25% Stake In Queensland Airports Limited At An Undisclosed Amount

KKR today announced income from monetization activity in excess of $535 million with respect to the period from July 1, 2024 through September 23, 2024 based on information available as of today.
In its Asset Management segment, KKR has earned total realized performance income and realized investment income in excess of $450 million. This amount includes performance income from a K-Series vehicle that is expected to be crystallized at September 30, 2024. This monetization activity quarter-to-date is made up of approximately 70% realized performance income and approximately 30% realized investment income.
In addition, in its Strategic Holdings segment, KKR has earned net realized investment income of approximately $85 million. This net realized investment income does not include Strategic Holdings Operating Earnings.
Monetization activity across both segments is primarily driven by a combination of public secondary sales and strategic transactions that have closed quarter-to-date, as well as dividends and interest income.

KKR Announces Income From Monetization Activity In Excess Of $535M With Respect To The Period From July 1, 2024 Through September 23, 2024

KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) has outperformed the market over the past 10 years by 8.29% on an annualized basis producing an average annual return of 19.49%. Currently, KKR has a market capitalization of $117.44 billion. 
Buying $100 In KKR: If an investor had bought $100 of KKR stock 10 years ago, it would be worth $591.60 today based on a price of $132.34 for KKR at the time of writing.
<h3>KKR's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727103617_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much $100 Invested In KKR 10 Years Ago Would Be Worth Today

Investors with a lot of money to spend have taken a bearish stance on KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KKR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for KKR.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $106,840, and 7 are calls, for a total amount of $3,084,627.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $135.0 for KKR over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for KKR options trades today is 474.5 with a total volume of 3,930.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for KKR's big money trades within a strike price range of $120.0 to $135.0 over the last 30 days.
<h3>KKR Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726853475_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$14.2</td>
<td>$12.5</td>
<td>$13.7</td>
<td>$120.00</td>
<td>$1.5M</td>
<td>1.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$14.2</td>
<td>$13.8</td>
<td>$13.8</td>
<td>$120.00</td>
<td>$771.4K</td>
<td>1.8K</td>
<td>559</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$15.5</td>
<td>$14.4</td>
<td>$14.6</td>
<td>$135.00</td>
<td>$292.0K</td>
<td>43</td>
<td>400</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$16.3</td>
<td>$14.4</td>
<td>$14.6</td>
<td>$135.00</td>
<td>$248.2K</td>
<td>43</td>
<td>200</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$16.1</td>
<td>$14.7</td>
<td>$14.7</td>
<td>$135.00</td>
<td>$136.7K</td>
<td>43</td>
<td>600</td>
</tr>
</tbody>
</table>

<h3>About KKR</h3>
KKR is one of the world's largest alternative asset managers, with $601.3 billion in total managed assets, including $487.3 billion in fee-earning AUM, at the end of June 2024. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).
Having examined the options trading patterns of KKR, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of KKR</h3>
<ul>
<li>Trading volume stands at 1,663,174, with KKR's price down by -0.78%, positioned at $131.76.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 46 days.</li>
</ul>
<h3>What Analysts Are Saying About KKR</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $143.66666666666666.
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&#x2A; In a cautious move, an analyst from Redburn Atlantic downgraded its rating to Buy, setting a price target of $153. 
&#x2A; Reflecting concerns, an analyst from Wells Fargo lowers its rating to Equal-Weight with a new price target of $130. 
&#x2A; Reflecting concerns, an analyst from HSBC lowers its rating to Buy with a new price target of $148.
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Options

Markets

Smart Money Is Betting Big In KKR Options

WIIM

ALLY

ARES

BBVA

CRBG

LPLA

UPST

Shares of companies in the broader financial services and banking sectors are trading higher amid overall market strength following the Fed's rate cut, which could drive a rise in spending and lending demand.

HSBC analyst Vikram Gandhi initiates coverage on KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) with a Buy rating and announces Price Target of $148.

Price Target

Initiation

Analyst Ratings

HSBC Initiates Coverage On KKR with Buy Rating, Announces Price Target of $148

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AGNC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$95.6K</td>
<td>68.9K</td>
<td>6.8K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$23.00</td>
<td>$49.5K</td>
<td>15.2K</td>
<td>2.7K</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$52.50</td>
<td>$49.7K</td>
<td>13.0K</td>
<td>2.2K</td>
</tr>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$67.00</td>
<td>$900.0K</td>
<td>0</td>
<td>2.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$112.9K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$77.50</td>
<td>$175.0K</td>
<td>793</td>
<td>1.0K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$55.00</td>
<td>$56.9K</td>
<td>5.5K</td>
<td>787</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$145.00</td>
<td>$35.0K</td>
<td>546</td>
<td>253</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$30.0K</td>
<td>2.7K</td>
<td>118</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$290.00</td>
<td>$45.9K</td>
<td>6</td>
<td>52</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AGNC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>), we observe a call option sweep with bearish sentiment. It expires in 123 day(s) on January 17, 2025. Parties traded 1518 contract(s) at a $10.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $95.6K, with a price of $63.0 per contract. There were 68988 open contracts at this strike prior to today, and today 6871 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on September 20, 2024. Parties traded 1500 contract(s) at a $23.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $33.0 per contract. There were 15281 open contracts at this strike prior to today, and today 2755 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on September 20, 2024. This event was a transfer of 1772 contract(s) at a $52.50 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $49.7K, with a price of $28.0 per contract. There were 13085 open contracts at this strike prior to today, and today 2253 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a put option trade that happens to be bullish, expiring in 46 day(s) on November 1, 2024. This event was a transfer of 2000 contract(s) at a $67.00 strike. The total cost received by the writing party (or parties) was $900.0K, with a price of $450.0 per contract. There were 0 open contracts at this strike prior to today, and today 2001 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 123 day(s) on January 17, 2025. This event was a transfer of 34 contract(s) at a $150.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $112.9K, with a price of $3321.0 per contract. There were 1074 open contracts at this strike prior to today, and today 1295 contract(s) were bought and sold. 
• For AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we notice a call option sweep that happens to be bullish, expiring in 60 day(s) on November 15, 2024. This event was a transfer of 1000 contract(s) at a $77.50 strike. This particular call needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $175.0K, with a price of $175.0 per contract. There were 793 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on October 18, 2024. This event was a transfer of 633 contract(s) at a $55.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $56.9K, with a price of $90.0 per contract. There were 5529 open contracts at this strike prior to today, and today 787 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a call option trade that happens to be neutral, expiring in 123 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 546 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold. 
• Regarding BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we observe a call option sweep with bullish sentiment. It expires in 123 day(s) on January 17, 2025. Parties traded 21 contract(s) at a $150.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $1434.0 per contract. There were 2771 open contracts at this strike prior to today, and today 118 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option sweep that happens to be bullish, expiring in 46 day(s) on November 1, 2024. This event was a transfer of 50 contract(s) at a $290.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $45.9K, with a price of $920.0 per contract. There were 6 open contracts at this strike prior to today, and today 52 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

AGNC

COIN

HOOD

10 Financials Stocks With Whale Alerts In Today's Session

BrightSpring Health Services ("BrightSpring" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTSG#NASDAQ">BTSG</a>), a leading provider of home and community-based health services for complex populations, today announced that investment funds managed by KKR &amp; Co. Inc. and its subsidiaries ("KKR"), an existing shareholder of BrightSpring, have entered into an agreement with Walgreen Co. ("WBA") to purchase 11,619,998 shares of BrightSpring's common stock from WBA in a private transaction. The transaction was negotiated directly between KKR and WBA, with KKR making the investment through its private equity funds. BrightSpring is not issuing or selling any shares of common stock in connection with the transaction, which is expected to close on or about September 16, 2024.

BTSG

BrightSpring Health Announces That Investment Funds Managed By KKR & Co. And Its Subsidiaries Have Entered Into An Agreement With Walgreen Co. To Purchase 11,619,998 Shares Of BrightSpring's Common Stock From WBA In A Private Transaction

KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading higher on Friday</a>.
The unit&#8217;s assets under management have reportedly increased twofold over the past five years, reaching over $37 billion, as noted by Mattia Caprioli and Tara Davies, who oversee KKR&#8217;s operations in Europe, the Middle East, and Africa.
The company is optimistic that a deal pipeline will drive similar growth in the years ahead, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-13/kkr-readies-dealmakers-to-double-european-unit-s-assets-again?srnd=phx-deals&amp;sref=TBDibEc" rel="noreferrer noopener">reported</a> Bloomberg.
KKR made its first European investment nearly 30 years ago and established its first dedicated fund for the region in 1999. Since then, it has launched a total of six funds focused on Europe, including an $8 billion fund closed last year, per the report.
&#8220;We see a sharp bifurcation across many sectors in Europe between the demand for sustainable, green, and efficient buildings and older, less efficient stock. We are focusing on developments and assets that are best-in-class both in terms of traditional metrics such as location and by sustainability standards,&#8221; KKR said in a <a target="_blank" href="https://www.kkr.com/insights/bright-outlook-for-european-real-estate" rel="noreferrer noopener">statement </a>in May while commenting on European Real Estate.&nbsp;
In an interview at the International Private Equity Market event in Paris, Caprioli, one of the first employees at KKR Europe, expressed confidence that the company could double its assets again, Bloomberg added.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40688027/kkr-faces-competition-from-bain-capital-for-fuji-soft-bid-report" rel="noreferrer noopener">KKR Faces Competition From Bain Capital For Fuji Soft Bid: Report</a>
Despite a cautious outlook toward 2025 due to slow activity and a globally subdued IPO market, he noted that the firm has been notably more active this year, Bloomberg added.
The executives&#8217; optimism signals the private equity industry&#8217;s push to rebound after facing challenges with company exits, due to mismatched price expectations between buyers and sellers. This reluctance to sell has led to friction between private equity funds and their investors, or limited partners, who have been pressing for higher cash returns, Bloomberg added.
In November, KKR agreed to acquire Telecom Italia&#8217;s landline network. The €22 billion <a target="_blank" href="https://www.gruppotim.it/en/press-archive/corporate/2024/PR-Closing-NetCo-1-luglio.html" rel="noreferrer noopener">transaction</a>, approved by regulators in May, allowed Telecom Italia to reduce its net financial debt. Bloomberg added that the deal marked the first of its kind for European telecom operators.
Price Action: KKR shares are trading higher by 1.76% to $122.48 at last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/40856820/biden-hikes-tariffs-on-chinese-goods-alibaba-jd-com-stocks-drop" target="_blank" rel="noreferrer noopener">Biden Hikes Tariffs On Chinese Goods, Alibaba, JD.com Stocks Drop</a></li>
</ul>

Media

General

KKR Aims To Replicate European Private Equity Success: Report

Throughout the last three months, 15 analysts have evaluated KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $135.87, along with a high estimate of $154.00 and a low estimate of $116.00. Observing a 9.1% increase, the current average has risen from the previous average price target of $124.54. 
<img src="https://www.benzinga.com/files/images/story/2024/1726171238_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of KKR by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicholas Watts</td>
<td>Redburn Atlantic</td>
<td>Announces</td>
<td>Buy</td>
<td>$153.00</td>
<td>-</td>
</tr>
<tr>
<td>Chris Allen</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Devin Ryan</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$135.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$154.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$137.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$146.00</td>
<td>$117.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$128.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$144.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$141.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$117.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$125.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$117.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$145.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$116.00</td>
<td>$116.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to KKR. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of KKR compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of KKR's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/KKR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on KKR analyst ratings.</a>
<h2>Unveiling the Story Behind KKR</h2>
KKR is one of the world's largest alternative asset managers, with $601.3 billion in total managed assets, including $487.3 billion in fee-earning AUM, at the end of June 2024. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).
<h3>KKR's Economic Impact: An Analysis</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Positive Revenue Trend: Examining KKR's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.54% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 16.26%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): KKR's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.1%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): KKR's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.19%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: KKR's debt-to-equity ratio stands notably higher than the industry average, reaching 2.32. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

KKR Stock: A Deep Dive Into Analyst Perspectives (15 Ratings)

In the latest quarter, 15 analysts provided ratings for KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for KKR, revealing an average target of $135.87, a high estimate of $154.00, and a low estimate of $116.00. This upward trend is evident, with the current average reflecting a 9.1% increase from the previous average price target of $124.54.
<img src="https://www.benzinga.com/files/images/story/2024/1726149621_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of KKR by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicholas Watts</td>
<td>Redburn Atlantic</td>
<td>Announces</td>
<td>Buy</td>
<td>$153.00</td>
<td>-</td>
</tr>
<tr>
<td>Chris Allen</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Devin Ryan</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$135.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$154.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$137.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$146.00</td>
<td>$117.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$128.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$144.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$141.00</td>
<td>$128.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$117.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$125.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$117.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$145.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$116.00</td>
<td>$116.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to KKR. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of KKR compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for KKR's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of KKR's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/KKR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on KKR analyst ratings.</a>
<h2>Discovering KKR: A Closer Look</h2>
KKR is one of the world's largest alternative asset managers, with $601.3 billion in total managed assets, including $487.3 billion in fee-earning AUM, at the end of June 2024. The company has two core segments: asset management (which includes private markets—private equity, credit, infrastructure, energy, and real estate—and public markets—primarily credit and hedge/investment fund platforms) and insurance (following the firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).
<h3>Key Indicators: KKR's Financial Health</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining KKR's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.54% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: KKR's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 16.26%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): KKR's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 3.1%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): KKR's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.19%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: KKR's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.32, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For KKR

Wells Fargo analyst Michael Brown initiates coverage on KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) with a Equal-Weight rating and announces Price Target of $130.

Wells Fargo Initiates Coverage On KKR with Equal-Weight Rating, Announces Price Target of $130

KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) has outperformed the market over the past 10 years by 7.25% on an annualized basis producing an average annual return of 17.95%. Currently, KKR has a market capitalization of $104.98 billion. 
Buying $1000 In KKR: If an investor had bought $1000 of KKR stock 10 years ago, it would be worth $5,229.44 today based on a price of $118.29 for KKR at the time of writing.
<h3>KKR's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726090254_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In KKR 10 Years Ago Would Be Worth Today

CNFR

EWBC

FCNCA

FFWM

FITB

FNWD

HSBC

IROQ

Shares of banking and financial services stocks are trading lower in possible sympathy with Ally, which fell after the company's CFO noted credit challenges among borrowers. The sector earlier reacted to Fed Vice Chair for Supervision Barr previewing Basel and GSIB surcharge re-proposals.

Pembina Pipeline Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBA#NYSE">PBA</a>)&nbsp;shares are trading higher after the company disclosed that its joint venture, Pembina Gas Infrastructure Inc. (PGI), reached <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40769696/pembina-pipeline-corporation-announces-pembina-gas-infrastructures-agreement-to-acquire-midstream-" rel="noreferrer noopener">agreements with Veren Inc. and its affiliates</a>.
PGI is a Western Canadian-focused gas processing entity jointly owned by Pembina and KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>).
The deal includes the acquisition of Veren's Gold Creek and Karr area oil batteries, with a net purchase price of CAD$400 million (CAD$240 million net to Pembina), and supporting future infrastructure development.
In particular, PGI will acquire four batteries in the Gold Creek and Karr areas, with a natural gas handling capacity of 320 million cubic feet per day and a liquids handling capacity of 53,000 barrels per day.
As per the deal, Veren will retain operatorship of the acquired assets, including covering operating costs and maintenance capital. Additionally, Veren will take over the operation of the existing PGI-owned batteries in the area.
Also, Veren will enter into a 15-year take-or-pay agreement for capacity at the acquired batteries. This agreement includes an area-of-dedication to PGI for gathering and processing services for all volumes Veren produces from the Gold Creek and Karr areas.
PGI will also provide up to CAD$300 million for Veren's future battery and gathering infrastructure in the area, with about one-third of this amount already committed.
Pembina expects the acquisition to generate an initial annual adjusted EBITDA of around CAD$50 million (CAD$30 million net to Pembina).
The deal is anticipated to close in the fourth quarter of 2024, pending the fulfillment or waiver of standard closing conditions.
Investors can gain exposure to the stock via&nbsp;VanEck Energy Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EINC#NYSE">EINC</a>).
Price Action: PBA shares are up 1.74% at $41.17 at the last check Monday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/40777028" target="_blank" rel="noreferrer noopener">Self-Storage REITs Analyst Is Bullish On Extra Space Storage, But No Longer Bullish On This Stock</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

EINC

Pembina Strikes Major Deal To Boost Oil And Gas Infrastructure: Details

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$19.50</td>
<td>$43.5K</td>
<td>747</td>
<td>6.5K</td>
</tr>
<tr>
<td>SOFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$7.50</td>
<td>$65.0K</td>
<td>5.5K</td>
<td>6.0K</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$75.00</td>
<td>$153.7K</td>
<td>9.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MMC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$210.00</td>
<td>$270.0K</td>
<td>286</td>
<td>1.0K</td>
</tr>
<tr>
<td>USB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$45.00</td>
<td>$41.1K</td>
<td>208</td>
<td>967</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$120.00</td>
<td>$104.4K</td>
<td>49</td>
<td>500</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$65.00</td>
<td>$67.5K</td>
<td>227</td>
<td>224</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$180.00</td>
<td>$533.0K</td>
<td>2.1K</td>
<td>217</td>
</tr>
<tr>
<td>CFG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$31.2K</td>
<td>818</td>
<td>200</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$40.00</td>
<td>$25.2K</td>
<td>1.4K</td>
<td>176</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on September 13, 2024. This event was a transfer of 926 contract(s) at a $19.50 strike. This particular call needed to be split into 91 different trades to become filled. The total cost received by the writing party (or parties) was $43.5K, with a price of $47.0 per contract. There were 747 open contracts at this strike prior to today, and today 6525 contract(s) were bought and sold. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a put option sweep with bullish sentiment. It expires in 15 day(s) on September 20, 2024. Parties traded 1627 contract(s) at a $7.50 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $65.0K, with a price of $40.0 per contract. There were 5571 open contracts at this strike prior to today, and today 6090 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option trade that happens to be bearish, expiring in 43 day(s) on October 18, 2024. This event was a transfer of 750 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $153.7K, with a price of $205.0 per contract. There were 9197 open contracts at this strike prior to today, and today 1284 contract(s) were bought and sold. 
• For MMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>), we notice a put option trade that happens to be bullish, expiring in 106 day(s) on December 20, 2024. This event was a transfer of 1000 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $270.0K, with a price of $270.0 per contract. There were 286 open contracts at this strike prior to today, and today 1003 contract(s) were bought and sold. 
• For USB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on September 13, 2024. This event was a transfer of 698 contract(s) at a $45.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $41.1K, with a price of $59.0 per contract. There were 208 open contracts at this strike prior to today, and today 967 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a call option sweep that happens to be bullish, expiring in 197 day(s) on March 21, 2025. This event was a transfer of 90 contract(s) at a $120.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $104.4K, with a price of $1160.0 per contract. There were 49 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option trade that happens to be bullish, expiring in 498 day(s) on January 16, 2026. This event was a transfer of 90 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $67.5K, with a price of $750.0 per contract. There were 227 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bullish, expiring in 43 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $533.0K, with a price of $2665.0 per contract. There were 2182 open contracts at this strike prior to today, and today 217 contract(s) were bought and sold. 
• Regarding CFG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>), we observe a put option sweep with bearish sentiment. It expires in 43 day(s) on October 18, 2024. Parties traded 136 contract(s) at a $42.50 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $230.0 per contract. There were 818 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we notice a call option trade that happens to be bearish, expiring in 106 day(s) on December 20, 2024. This event was a transfer of 50 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $504.0 per contract. There were 1447 open contracts at this strike prior to today, and today 176 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PYPL

SOFI

10 Financials Stocks Whale Activity In Today's Session

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) is a buy, adding that it is an &#8220;excellent firm, I've known them for years and years and years, and they have delivered <a href="https://www.benzinga.com/quote/KKR/news">time and time again.&#8221;</a>
KKR said it will launch its tender offer for the common shares and <a href="https://www.benzinga.com/markets/equities/24/08/40227904/kkr-to-support-fuji-soft-privatization-bid-report">share options of Fuji Soft</a>.
Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) is a &#8220;problem,&#8221; Cramer said. &#8220;They should be making money. They should have been able to do more with the money they had. They have not succeeded, they are losing money hand-over-fist. They have got to clean that up, or that stock is not going to rally.&#8221;
On Tuesday, the Medicines and Healthcare Products Regulatory Agency (MHRA) approved Moderna's updated COVID-19 vaccine, which targets the JN.1 variant of SARS-CoV-2.
&#8220;Give it a chance to come down,&#8221; Cramer said when asked about Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>). &#8220;It's a parabolic move, parabolic moves always destined to come down.&#8221;
On Sept. 3, Lumen announced exchange offers for unsecured notes of Lumen and Level 3.
The &#8220;Mad Money&#8221; host said Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) is a company that is again losing so much money &#8220;hand-over-fist I can't even look at it.&#8221;
On Aug. 13, Oklo reported a quarterly loss of $5.17 per share, versus a year-ago loss of 6 cents per share.
&#8220;Here's the problem with Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>): Straight up, way too far, way too fast,&#8221; Cramer said. &#8220;Doesn't work for me, let it come in.&#8221;
On Aug. 27, Morgan Stanley analyst Dara Mohsenian maintained Coca-Cola with an Overweight rating and raised the price target from $70 to $78.
Price Action:
<ul>
<li>Moderna shares fell 0.6% to settle at $72.49 on Wednesday.</li>
<li>Oklo shares gained 4.1% to close at $5.82.</li>
<li>KKR shares fell 0.5% to close at $117.67 during Wednesday's session.</li>
<li>Lumen Technologies shares rose 14.2% to settle at $5.38 on Wednesday.</li>
<li>Coca-Cola shares fell 0.6% to settle at $72.56 during the session.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40720418/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-7-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields</a></li>
</ul>
Image Courtesy of Oklo, Inc.

LUMN

MRNA

OKLO

Jim Cramer: Oklo Is Losing Money 'Hand-Over-Fist,' But This Private Equity Stock Is A Buy

Tracking William Nygren's Harris Associates Portfolio - Q2 2024 Update

KKR earns over $535M from monetization activity in Q3 to date

In a report released today, Benjamin Budish from Barclays maintained a Buy rating on KKR & Co (KKR – Research Report), with a price target of $146....

Barclays Reaffirms Their Buy Rating on KKR & Co (KKR)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Zions Bancorporation National Association (ZION – R...

Analysts Have Conflicting Sentiments on These Financial Companies: Zions Bancorporation National Association (ZION), KKR & Co (KKR) and Visa (V)

In a report released today, William Katz from TD Cowen maintained a Buy rating on KKR & Co (KKR – Research Report), with a price target of $154.00....

TD Cowen Sticks to Its Buy Rating for KKR & Co (KKR)

Tracking Lone Pine Capital Portfolio - Q2 2024 Update

KKR, Skip Essential Infrastructure Fund to buy 74.25% controlling stake in Queensland Airports

Eni attracts suitors for additional stake in Enilive biofuel unit - Reuters

KKR agrees to sell GeoStabilization International to Leonard Green & Partners

A Strategic 7.6%-Yielding Portfolio For Fall 2024

AMLP

AMZN

ARCC

ASML

ASMLF

AVDX

BBWI

BEPC

BIPC

BIZD

BKNG

BSQKZ

CBRE

CHTR

CMCSA

CSCO

EPAM

GOOG

GOOGL

INTU

JEPQ

KVUE

LBTYK

MLPA

MSFT

NDAQ

NVDA

NVST

OTEX

PFFR

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WDAY

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Press Releases

KKR Launches Tender Offer for FUJI SOFT

Financing

KKR to Purchase of 11,619,998 Shares of BrightSpring Health Services Common Stock from Walgreens Boots Alliance

Global Atlantic Announces New Leadership for Individual Markets Business

KKR Files Amended Tender Offer Statement for FUJI SOFT

KKR Closes $4.6 Billion Ascendant Fund

KKR Announces Intra-Quarter Monetization Activity Update for the Third Quarter

KKR Releases "An Alternative Perspective: Past, Present, and Future"

KKR Income Opportunities Fund Declares Monthly Distributions of $0.1215 Per Share

Consortium of KKR and the Skip Essential Infrastructure Fund to acquire Majority Stake in Queensland Airports

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