Kempen Capital Management N.V. maintained its position in KKR & Co. L.P. (NYSE:KKR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 700,048 shares of the asset manager’s stock at the close of the 2nd quarter. KKR & Co. L.P. accounts for approximately 1.2% of Kempen Capital Management N.V.’s holdings, making the stock its 25th biggest position. Kempen Capital Management N.V. owned approximately 0.15% of KKR & Co. L.P. worth $13,020,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Morgan Stanley increased its position in KKR & Co. L.P. by 246.8% during the 1st quarter. Morgan Stanley now owns 55,751,843 shares of the asset manager’s stock worth $1,016,356,000 after purchasing an additional 39,675,214 shares in the last quarter. FMR LLC increased its position in KKR & Co. L.P. by 0.7% during the 1st quarter. FMR LLC now owns 40,699,796 shares of the asset manager’s stock worth $741,957,000 after purchasing an additional 286,964 shares in the last quarter. Principal Financial Group Inc. increased its position in KKR & Co. L.P. by 385.9% during the 2nd quarter. Principal Financial Group Inc. now owns 12,925,569 shares of the asset manager’s stock worth $240,415,000 after purchasing an additional 10,265,357 shares in the last quarter. Edge Asset Management Inc. increased its position in KKR & Co. L.P. by 2.5% during the 1st quarter. Edge Asset Management Inc. now owns 6,743,799 shares of the asset manager’s stock worth $122,939,000 after purchasing an additional 164,947 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in KKR & Co. L.P. by 464.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock worth $95,399,000 after purchasing an additional 4,220,481 shares in the last quarter. Hedge funds and other institutional investors own 66.61% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research cut KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Morgan Stanley lifted their price objective on KKR & Co. L.P. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Oppenheimer Holdings, Inc. lifted their price objective on KKR & Co. L.P. from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. BidaskClub upgraded KKR & Co. L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $23.00 price objective on shares of KKR & Co. L.P. in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.30.
In other KKR & Co. L.P. news, Director Robert W. Scully purchased 55,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $18.21 per share, with a total value of $1,001,550.00. Following the completion of the transaction, the director now owns 49,495 shares of the company’s stock, valued at $901,303.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of KKR & Co. L.P. (NYSE KKR) traded up 1.23% during mid-day trading on Friday, reaching $18.93. The company’s stock had a trading volume of 3,418,063 shares. KKR & Co. L.P. has a 52-week low of $13.58 and a 52-week high of $20.34. The company has a market capitalization of $8.90 billion, a PE ratio of 8.11 and a beta of 1.53. The firm’s 50 day moving average is $18.74 and its 200-day moving average is $18.48.
KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.26. The firm had revenue of $365.16 million for the quarter, compared to analyst estimates of $300.74 million. KKR & Co. L.P. had a return on equity of 11.45% and a net margin of 42.48%. During the same period in the previous year, the firm earned $0.19 earnings per share. Analysts forecast that KKR & Co. L.P. will post $2.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Investors of record on Monday, August 7th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, August 3rd. KKR & Co. L.P.’s payout ratio is 28.22%.
About KKR & Co. L.P.
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.
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