KKR Option Alert: Mar 21 $160 Puts Sweep (9) near the Bid: 250 vs 879 OI

KKR Option Alert: Mar 21 $160 Puts Sweep (9) near the Bid: 250 @ $26.002 vs 879 OI; Ref=$133.9

KKR Option Alert: Mar 21 $165 Puts at the Ask: 1049 vs 1325 OI

KKR Option Alert: Mar 21 $165 Puts at the Ask: 1049 @ $26.03 vs 1325 OI; Ref=$139.36

KKR (NYSE:KKR) 株価情報

KKR & Co

KKR is one of the world's largest alternative asset managers, with $624.4 billion in total managed assets, including $505.7 billion in fee-earning AUM, at the end of September 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 & Co. Inc. 6.25% Series D Mandatory Convertible Preferred Stock

Analysts' ratings for KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) over the last quarter vary from bullish to bearish, as provided by 8 analysts.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for KKR, presenting an average target of $164.25, a high estimate of $194.00, and a low estimate of $141.00. Highlighting a 2.16% decrease, the current average has fallen from the previous average price target of $167.88. 
<img src="https://www.benzinga.com/files/images/story/2025/1743796873_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A clear picture of KKR's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines 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>Craig Siegenthaler</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$194.00</td>
<td>$214.00</td>
</tr>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$141.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$156.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$150.00</td>
<td>$151.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$181.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Vikram Gandhi</td>
<td>HSBC</td>
<td>Raises</td>
<td>Hold</td>
<td>$173.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$151.00</td>
<td>$163.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$168.00</td>
<td>$170.00</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: Understanding forecasts, analysts offer estimates for KKR's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into KKR's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/KKR/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on KKR analyst ratings.</a>
<h2>Get to Know KKR Better</h2>
KKR is one of the world's largest alternative asset managers, with $624.4 billion in total managed assets, including $505.7 billion in fee-earning AUM, at the end of September 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>A Deep Dive into KKR's Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Decline in Revenue: Over the 3 months period, KKR faced challenges, resulting in a decline of approximately -26.81% in revenue growth as of 31 December, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: KKR's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 35.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): KKR's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.72% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.31%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 2.15, caution is advised due to increased financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

8 Analysts Have This To Say About KKR

WIIM

KKR shares are trading lower after B of A Securities cut its price target on the stock from $214 to $194.

B of A Securities analyst Craig Siegenthaler maintains KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) with a Buy and lowers the price target from $214 to $194.

News

Price Target

B of A Securities Maintains Buy on KKR, Lowers Price Target to $194

Goldman Sachs analyst Alexander Blostein expects macro and policy uncertainty, volatile equity markets, and declining short-term interest rates to weigh on EPS <a target="_blank" href="https://www.benzinga.com/topic/bank" rel="noreferrer noopener">forecasts for Capital Markets stocks</a>.
The analyst&#8217;s 2025 estimates are ~5% below consensus on average, except for Exchanges.
Blostein says Alternative Manager stocks face heightened EPS risks due to weaker realization activity (potential 30% downside to Street estimates) and a slower FRE growth trajectory, now expected to average 11% in 2025E,<a target="_blank" href="https://www.benzinga.com/quote/tpg/analyst-ratings" rel="noreferrer noopener"> down from ~15% previously</a>.
The analyst writes that Brookfield Asset Management Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) appears among the most resilient, <a target="_blank" href="https://www.benzinga.com/quote/bam/analyst-ratings" rel="noreferrer noopener">benefiting from index inclusion</a>.
While TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) and KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) offer attractive valuations, further EPS estimate revisions may be <a target="_blank" href="https://www.benzinga.com/quote/kkr/analyst-ratings" rel="noreferrer noopener">necessary, adds the analyst</a>.
On the other hand, the analyst says that the Brokers and Wealth Advisor stocks face an average 4%<a target="_blank" href="https://www.benzinga.com/quote/schw/analyst-ratings" rel="noreferrer noopener"> downside to 2025/2026 EPS estimates</a>.
Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is performing better (+5% first-quarter EPS beat), while Stifel Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SF#NYSE">SF</a>) is lagging <a target="_blank" href="https://www.benzinga.com/quote/sf/analyst-ratings" rel="noreferrer noopener">(-10% EPS miss), adds the analyst</a>.
Blostein expects lower short-term interest rates, weaker equity markets, and slower Investment Banking activity in 2025 to weigh on EPS, though he anticipates higher cash balances in March and stronger retail engagement to provide some relief.
Meanwhile, the analyst projects Traditional Managers to face ~5% EPS downside in 2025/26, with T. Rowe Price Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) and Janus Henderson Group plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) facing high-single-digits <a target="_blank" href="https://www.benzinga.com/quote/jhg/analyst-ratings" rel="noreferrer noopener">EPS risks in 2025/26.</a>
Blostein expects long-term average AUM to decline ~1% q/q, with <a target="_blank" href="https://www.benzinga.com/quote/trow/analyst-ratings" rel="noreferrer noopener">weaker second-quarter momentum</a>.
Fixed Income and Active ETFs show strength, but Active Equities outflows may drive a -2.0% annualized organic decline, adds the analyst.
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44629640/us-services-sector-slows-sharply-as-hiring-drops-tariff-pressures-mount" target="_blank" rel="noreferrer noopener">US Services Sector Slows Sharply As Hiring Drops, Tariff Pressures Mount</a></li>
</ul>
Image via Shutterstock.

Analyst Color

Equities

Large Cap

Mid Cap

Trading Ideas

Janus Henderson Group plc Ordinary Shares

SCHW

TROW

Goldman Sachs Sees Broad EPS Pressure Across Capital Markets, Highlights Brookfield As A Standout

KKR Drops Out Of Consortium Seeking Gerresheimer Takeover

ARES

Bakkt Holdings, Inc. Class A Common Stock

BKKT

BRDG

EMCG

FRHC

FUTU

HLNE

HOOD

IBKR

LPLA

LPRO

MKTW

NDAQ

NTRS

PIPR

PowerShares Exchange Traded Fund Trust Dynamic Mid Cap Value Portfolio

SNEX

SPGI

STEP

Shares of capital market companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Reported Earlier, Sylvan Secures Strategic Investment From Novo Holdings To Accelerate Growth, With KKR Remaining Majority Shareholder

Benzinga's options scanner has just identified more than 11 option transactions on KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), with a cumulative value of $1,287,373. Concurrently, our algorithms picked up 6 puts, worth a total of 1,106,053.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $130.0 for KKR over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for KKR's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across KKR's significant trades, within a strike price range of $110.0 to $130.0, over the past month.
<h3>KKR Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743533143_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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 align="right">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KKR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$13.0</td>
<td>$12.7</td>
<td>$12.7</td>
<td>$110.00</td>
<td>$508.0K</td>
<td align="right">182</td>
<td>400</td>
</tr>
<tr>
<td>KKR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$4.7</td>
<td>$4.5</td>
<td>$4.6</td>
<td>$110.00</td>
<td>$216.6K</td>
<td align="right">327</td>
<td>873</td>
</tr>
<tr>
<td>KKR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$4.7</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$110.00</td>
<td>$168.8K</td>
<td align="right">327</td>
<td>1.2K</td>
</tr>
<tr>
<td>KKR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$4.7</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$110.00</td>
<td>$84.1K</td>
<td align="right">327</td>
<td>1.4K</td>
</tr>
<tr>
<td>KKR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$4.8</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$110.00</td>
<td>$78.2K</td>
<td align="right">327</td>
<td>119</td>
</tr>
</tbody>
</table>

<h3>About KKR</h3>
KKR is one of the world's largest alternative asset managers, with $624.4 billion in total managed assets, including $505.7 billion in fee-earning AUM, at the end of September 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).
After a thorough review of the options trading surrounding KKR, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of KKR</h3>
<ul>
<li>Trading volume stands at 2,493,512, with KKR's price up by 0.39%, positioned at $116.06.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 29 days.</li>
</ul>
<h3>What Analysts Are Saying About KKR</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $141.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo upgraded its action to Overweight with a price target of $141. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for KKR, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Decoding KKR's Options Activity: What's the Big Picture?

ReliaQuest Announces It Has Raised More Than $500M In Funding At A Valuation Of $3.4B

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. 
Below are some instances of options activity happening in the Financials sector: 
<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>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$75.00</td>
<td>$45.7K</td>
<td>12.9K</td>
<td>6.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$41.50</td>
<td>$268.1K</td>
<td>869</td>
<td>1.9K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$44.00</td>
<td>$86.5K</td>
<td>97</td>
<td>1.9K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$30.00</td>
<td>$669.6K</td>
<td>3.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/04/25</td>
<td>$119.00</td>
<td>$54.1K</td>
<td>285</td>
<td>1.0K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$9.20</td>
<td>$107.9K</td>
<td>346</td>
<td>576</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$332.0K</td>
<td>2.8K</td>
<td>160</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$75.00</td>
<td>$34.0K</td>
<td>177</td>
<td>100</td>
</tr>
<tr>
<td>PGR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/04/25</td>
<td>$260.00</td>
<td>$115.0K</td>
<td>25</td>
<td>50</td>
</tr>
<tr>
<td>KKR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$120.00</td>
<td>$59.2K</td>
<td>1.0K</td>
<td>46</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bullish, expiring in 109 day(s) on July 18, 2025. This event was a transfer of 129 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $45.7K, with a price of $355.0 per contract. There were 12921 open contracts at this strike prior to today, and today 6536 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on April 17, 2025. This event was a transfer of 1887 contract(s) at a $41.50 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 $268.1K, with a price of $142.0 per contract. There were 869 open contracts at this strike prior to today, and today 1998 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a call option sweep with bearish sentiment. It expires in 25 day(s) on April 25, 2025. Parties traded 206 contract(s) at a $44.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $86.5K, with a price of $420.0 per contract. There were 97 open contracts at this strike prior to today, and today 1932 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 put option trade with neutral sentiment. It expires in 655 day(s) on January 15, 2027. Parties traded 992 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $669.6K, with a price of $675.0 per contract. There were 3944 open contracts at this strike prior to today, and today 1050 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on April 4, 2025. This event was a transfer of 741 contract(s) at a $119.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $54.1K, with a price of $73.0 per contract. There were 285 open contracts at this strike prior to today, and today 1034 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option sweep with bullish sentiment. It expires in 655 day(s) on January 15, 2027. Parties traded 254 contract(s) at a $9.20 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $107.9K, with a price of $425.0 per contract. There were 346 open contracts at this strike prior to today, and today 576 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bullish sentiment. It expires in 291 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $332.0K, with a price of $16601.0 per contract. There were 2839 open contracts at this strike prior to today, and today 160 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 trade that happens to be bullish, expiring in 172 day(s) on September 19, 2025. This event was a transfer of 24 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $1420.0 per contract. There were 177 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For PGR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), we notice a call option trade that happens to be neutral, expiring in 4 day(s) on April 4, 2025. This event was a transfer of 50 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $115.0K, with a price of $2300.0 per contract. There were 25 open contracts at this strike prior to today, and today 50 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 put option sweep that happens to be bearish, expiring in 172 day(s) on September 19, 2025. This event was a transfer of 40 contract(s) at a $120.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $59.2K, with a price of $1480.0 per contract. There were 1050 open contracts at this strike prior to today, and today 46 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

COIN

10 Financials Stocks With Whale Alerts In Today's Session

-Reuters Citing Sources
-Reuters Citing Sources

SHEL

Brookfield Asset Management Set To Buy Colonial Pipeline For More Than $9B, Including Debt

Topcon Corporation (OTC:&nbsp;TOPCF)&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOPCY#OTC">TOPCY</a>) on Friday launched a management buyout led by Topcon President and CEO Takashi Eto.
The MBO will receive investment from KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) and JIC Capital, a wholly owned subsidiary of Japan Investment Corporation.
The tender offer price will be 3,300 yen per share (around $21.99 per share), <a target="_blank" href="https://www.benzinga.com/calendars/m-a" rel="noreferrer noopener">which represents</a>:
<ul>
<li>A 99.5% premium over the simple average closing price of Topcon&#8217;s stock for the 12 months up to December 9, 2024.</li>
<li>A 105.2% premium over the simple average closing price of Topcon&#8217;s stock for the 6 months up to December 9, 2024.</li>
</ul>
Also Read:<a target="_blank" href="https://www.benzinga.com/general/health-care/25/03/44514266/kkr-mulls-to-buy-japan-based-eye-care-company-topcon" rel="noreferrer noopener"> KKR Mulls To Buy Japan-Based Eye Care Company Topcon</a>
The tender offer is <a target="_blank" href="https://www.businesswire.com/news/home/20250327998023/en/Topcon-to-Accelerate-Growth-through-Management-Buyout-with-KKR-and-JIC-Capital" rel="noreferrer noopener">expected</a> to commence around the end of July 2025.
KKR is making this investment predominantly from its Asian Fund IV, and it is planned that KKR will indirectly hold a majority interest in Topcon.
Topcon is pursuing its long-term vision leading up to its 100th anniversary in 2032. The company has been implementing its &#8220;Mid-Term Management Plan 2025,&#8221; which covers the fiscal years 2023–2025.
The company aims to evolve into &#8220;New Topcon 2.0,&#8221; a business structure that will further accelerate the Topcon Group&#8217;s competitiveness.
In particular, to transform its eye care business from a hardware-based business to a solutions business and to achieve further growth in its positioning business, where the competitive environment is rapidly changing, the company believes that bold, long-term investments and fundamental transformations beyond conventional business reforms are necessary.
Takeshi Eto, President and CEO of Topcon&nbsp;said, &#8220;Today&#8217;s announcement represents a crucial step in realizing &#8220;Topcon 2.0&#8243; and in achieving our long-term vision and to drive future growth. Strategically partnering with KKR and JICC will enable us to focus on bold, agile investments and management initiatives, including structural reforms, without being constrained by potential short-term uncertainties.&#8221;
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<li><a href="https://www.benzinga.com/25/03/44539316/nasa-and-boeing-push-forward-with-starliner-crew-certification" target="_blank" rel="noreferrer noopener">NASA And Boeing Push Forward With Starliner Crew Certification</a></li>
</ul>
Photo by Rulo Jmp via Shutterstock

Asia

Health Care

General

TOPCY

Eye Care Company Topcon Goes Private Via Management Buyout Deal At Huge Premium

ALLY

BBDO

BBVA

BSBR

CNCK

CRBG

ENVA

GDOT

HBAN

HSBC

INTR

ITUB

JFIN

LMND

MUFG

PMAX

QFIN

ROOT

SMFG

SOFI

TIGR

Shares of banks and financial services stocks are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

KKR And JICC Back Topcon's Management Buyout Led By CEO Takashi Eto, Paving The Way For Long-Term Growth And Stability

KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) is close to acquiring Tokyo-based eye care company Topcon Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOPCF#OTC">TOPCF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOPCY#OTC">TOPCY</a>).
According to Reuters, the private equity firm expects to sign the deal in the coming days. The price has not been disclosed yet.
The Japan-based manufacturer of optical equipment for ophthalmology and surveying has an enterprise value of around $2.53 billion as per data from <a target="_blank" href="https://www.benzinga.com/pro/feature/newsfeed" rel="noreferrer noopener">Benzinga Pro</a>.
Benzinga reached out to Topcon for comments.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/25/03/44512290/soleno-therapeutics-secures-fda-approval-for-its-first-commercial-drug-for-rare-genetic-disorder" rel="noreferrer noopener">Soleno Therapeutics Secures FDA Approval For Its First Commercial Drug For Rare Genetic Disorder</a>
According to Reuters, a possible deal is in the works as Japan&#8217;s business reforms, growing investor activism, and a weak yen have made it easier for private equity firms to strike deals.
Topcon&#8217;s biggest shareholders are activist investors ValueAct Capital and Oasis Management Company, with stakes of 13.69% and 10.58%, respectively.
In its most <a href="https://global.topcon.com/invest/wp-content/uploads/library/financial/2025/Topcon_FY2024_Q3_Presentation-Summary_EN.pdf" target="_blank" rel="noreferrer noopener">recent</a> quarterly earnings, Topcon reported YTD December 2024 sales of 153.5 billion yen. That&#8217;s down 3.3% year over year, with an operating income of 0.8 billion yen.
The company said profits declined despite lower fixed costs due to reduced sales amid the ongoing demand slump.
For the eye care business, the company said despite steady sales, profits declined due to increased growth investment.
For fiscal year 2024, the company projects an operating profit of 7 billion yen and sales of 211 billion yen.
In December, Topcon <a target="_blank" href="https://global.topcon.com/invest/wp-content/uploads/library/financial/2024/Notice-regarding-Certain-Media-Reports.pdf" rel="noreferrer noopener">entered</a> a bidding process with private equities to go private.
The Bloomberg reported that KKR and EQT were bidding for Topcon.
Read Next:
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<li><a href="https://www.benzinga.com/general/biotech/25/03/44500942/jj-drug-combo-outperforms-leading-lung-cancer-treatment-in-survival-study" target="_blank" rel="noreferrer noopener">J&amp;J Drug Combo Outperforms Leading Lung Cancer Treatment In Survival Study</a></li>
</ul>
Image: Shutterstock

Rumors

TOPCF

KKR Mulls To Buy Japan-Based Eye Care Company Topcon

Whales with a lot of money to spend have taken a noticeably bearish stance on KKR.
Looking at options history for KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 16% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $129,172 and 9, calls, for a total amount of $766,533.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $125.0 for KKR, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for KKR's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of KKR's whale trades within a strike price range from $100.0 to $125.0 in the last 30 days. 
<h3>KKR Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743008531_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$24.3</td>
<td>$24.0</td>
<td>$24.02</td>
<td>$100.00</td>
<td>$240.8K</td>
<td>174</td>
<td align="right">100</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$13.1</td>
<td>$12.8</td>
<td>$12.8</td>
<td>$110.00</td>
<td>$128.0K</td>
<td>269</td>
<td align="right">100</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/04/25</td>
<td>$4.4</td>
<td>$4.3</td>
<td>$4.3</td>
<td>$119.00</td>
<td>$86.0K</td>
<td>1.1K</td>
<td align="right">402</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/04/25</td>
<td>$3.9</td>
<td>$3.8</td>
<td>$3.9</td>
<td>$119.00</td>
<td>$73.3K</td>
<td>1.1K</td>
<td align="right">947</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/04/25</td>
<td>$4.0</td>
<td>$3.9</td>
<td>$4.0</td>
<td>$119.00</td>
<td>$58.4K</td>
<td>1.1K</td>
<td align="right">759</td>
</tr>
</tbody>
</table>

<h3>About KKR</h3>
KKR is one of the world's largest alternative asset managers, with $624.4 billion in total managed assets, including $505.7 billion in fee-earning AUM, at the end of September 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>With a trading volume of 1,234,294, the price of KKR is down by -2.01%, reaching $119.73.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 35 days from now.</li>
</ul>
<h3>What Analysts Are Saying About KKR</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $141.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from Wells Fargo upgrades its rating to Overweight with a revised price target of $141. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest KKR options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Check Out What Whales Are Doing With KKR

KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) inked a Memorandum of Understanding (MoU) with Japanese IT company Fuji Soft&#8217;s (TSE: 9749) founding family on March 24, 2025, to <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44468610/kkr-enters-into-mou-with-founding-family-of-fuji-soft-to-acquire-100-of-fuji-soft" rel="noreferrer noopener">facilitate the company&#8217;s privatization</a>.
As per the deal, the parties agreed to collaborate on executing a share consolidation, ensuring FK Co., Ltd. and NFC Corporation become the sole shareholders of Fuji Soft in a process known as the &#8220;Squeeze-out.&#8221; &nbsp;FK Co., Ltd. is an entity owned by investment funds managed by KKR.
They will also support and vote in favor of key privatization proposals, including the Squeeze-out, at the Extraordinary General Meeting of Shareholders on April 25, 2025.
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40227904/kkr-to-support-fuji-soft-privatization-bid-report" rel="noreferrer noopener">KKR To Support Fuji Soft Privatization Bid: Report</a>
Additionally, the agreement includes the transfer of Fuji Soft shares held by NFC back to Fuji Soft following the completion of the Squeeze-out in a process referred to as the &#8220;Share Repurchase.&#8221;
Following the First and Second Tender Offers for Fuji Soft&#8217;s common shares and share options, FK will secure full ownership through the Squeeze-out and Share Repurchase.
The Share Repurchase is expected to take place after early June 2025, once the Squeeze-out is completed.
In February, Bain Capital&nbsp;withdrew&nbsp;its tender offer&nbsp;for Fuji Soft after KKR raised its bid <a target="_blank" href="https://www.benzinga.com/25/02/43628557/bain-capital-weighs-fuji-soft-exit-as-kkr-raises-bid-in-fierce-takeover-battle-report" rel="noreferrer noopener">in an extended bidding war</a>.
Also, KKR had secured a 58% stake in Fuji Soft in February, <a target="_blank" href="https://www.benzinga.com//node/43838911" rel="noreferrer noopener">making it the company&#8217;s largest shareholder.</a>
Investors can gain exposure to the stock via&nbsp;FM Focus Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMCX#NYSE">FMCX</a>) and&nbsp;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 up 0.17% at $122.18 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/25/03/44141955/kkr-divests-seiyu-stake-to-trial-holdings-in-2-5-billion-deal" target="_blank" rel="noreferrer noopener">KKR Divests Seiyu Stake To Trial Holdings In $2.5 Billion Deal</a></li>
</ul>
Photo via Shutterstock.

Northern Lights Fund Trust IV FMC Excelsior Focus Equity ETF

FMCX

KKR Moves To Seal Fuji Soft Deal With Founding Family Pact And Squeeze-Out Plan

KKR Signs MoU With Founding Family Of FUJI SOFT To Support 100% Acquisition And Privatization Of The Company

DAVE

ERIE

KNSL

KSPI

SEIC

Shares of financial stocks are trading higher amid overall market strength on reports of potentially narrowed or targeted tariffs, which may be easing investor concerns.

<a href="https://www.ft.com/content/8611dc56-4333-405c-b8bb-592eb940ba70" title="https://www.ft.com/content/8611dc56-4333-405c-b8bb-592eb940ba70">https://www.ft.com/content/8611dc56-4333-405c-b8bb-592eb940ba70</a>

ORCL

SNAP

'U.S. Investors In ByteDance Explore TikTok Deal To Appease Donald Trump' - Financial Times

Press Releases

KKR to Sell Seiyu to Trial Holdings

Darwinbox Raises $140 Million Investment Co-led by Partners Group and KKR to Accelerate Global Expansion

KKR Appoints Timothy R. Barakett to Board

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

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

KKR Enters into MoU with Founding Family of FUJI SOFT; to Acquire 100% of FUJI SOFT

Topcon to Accelerate Growth through Management Buyout with KKR and JIC Capital

Global Atlantic 2025 Retirement Outlook Survey: Majority of Investors Worried about Outliving Assets

ReliaQuest Raises More Than $500 Million in Funding at a Valuation of $3.4 Billion

Comments

KKR

Unusual Options Activity for

ニュース

パートナーシップ

ベンジンガ・グローバル

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:09 PMFeb 20, 2025	PUT	$160.00	Mar 21, 2025	-17	1342	250	153	879	SWEEP	BULLISH
11:32 AMFeb 13, 2025	PUT	$165.00	Mar 21, 2025	-17	1175	1049	89	1325	TRADE	BEARISH