Shares of KKR & Co. L.P. (NYSE:KKR) have been given an average recommendation of “Buy” by the fifteen brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $21.88.
Several equities analysts have issued reports on KKR shares. Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, July 18th. ValuEngine downgraded shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 8th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $27.00 price objective on shares of KKR & Co. L.P. in a research note on Thursday, October 12th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research note on Monday.
KKR & Co. L.P. (NYSE KKR) traded down 0.124% during mid-day trading on Thursday, hitting $20.175. The stock had a trading volume of 641,479 shares. The firm has a 50-day moving average of $19.39 and a 200-day moving average of $18.75. KKR & Co. L.P. has a 52-week low of $13.58 and a 52-week high of $20.64. The stock has a market cap of $9.48 billion, a P/E ratio of 8.640 and a beta of 1.53.
KKR & Co. L.P. (NYSE:KKR) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.26. The firm had revenue of $365.16 million during the quarter, compared to the consensus estimate of $300.74 million. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, analysts forecast that KKR & Co. L.P. will post $2.53 EPS for the current fiscal year.
In other KKR & Co. L.P. news, Director Robert W. Scully bought 55,000 shares of KKR & Co. L.P. stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $18.21 per share, with a total value of $1,001,550.00. Following the completion of the acquisition, the director now owns 49,495 shares of the company’s stock, valued at $901,303.95. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Large investors have recently made changes to their positions in the company. Advisory Services Network LLC raised its holdings in shares of KKR & Co. L.P. by 1.8% in the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock valued at $119,000 after buying an additional 115 shares during the last quarter. Investment Centers of America Inc. purchased a new stake in shares of KKR & Co. L.P. in the first quarter valued at about $184,000. Laurel Wealth Advisors Inc. raised its holdings in shares of KKR & Co. L.P. by 0.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock valued at $203,000 after buying an additional 67 shares during the last quarter. Synovus Financial Corp purchased a new stake in shares of KKR & Co. L.P. in the second quarter valued at about $205,000. Finally, FineMark National Bank & Trust raised its holdings in shares of KKR & Co. L.P. by 8.8% in the second quarter. FineMark National Bank & Trust now owns 11,204 shares of the asset manager’s stock valued at $208,000 after buying an additional 904 shares during the last quarter. 65.12% of the stock is owned by institutional investors and hedge funds.
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KKR & Co. L.P. Company Profile
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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