KKR & Co. L.P. (KKR) Holdings Boosted by Hosking Partners LLP

Hosking Partners LLP grew its position in KKR & Co. L.P. (NYSE:KKR) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 883,443 shares of the asset manager’s stock after purchasing an additional 3,355 shares during the quarter. Hosking Partners LLP owned approximately 0.18% of KKR & Co. L.P. worth $17,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of KKR. Principal Financial Group Inc. boosted its position in shares of KKR & Co. L.P. by 385.9% in the second 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 during the period. ValueAct Holdings L.P. bought a new position in shares of KKR & Co. L.P. during the second quarter worth $93,000,000. JPMorgan Chase & Co. boosted its position in shares of KKR & Co. L.P. by 464.6% during the second quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock worth $95,399,000 after acquiring an additional 4,220,481 shares during the last quarter. GMT Capital Corp boosted its position in shares of KKR & Co. L.P. by 432.0% during the second quarter. GMT Capital Corp now owns 4,893,300 shares of the asset manager’s stock worth $90,771,000 after acquiring an additional 3,973,500 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of KKR & Co. L.P. by 78.8% during the second quarter. Alliancebernstein L.P. now owns 4,846,167 shares of the asset manager’s stock worth $90,139,000 after acquiring an additional 2,135,869 shares during the last quarter. Institutional investors and hedge funds own 62.88% of the company’s stock.

KKR & Co. L.P. (KKR) traded down $0.01 during mid-day trading on Monday, reaching $19.51. 737,400 shares of the company’s stock traded hands, compared to its average volume of 2,792,028. KKR & Co. L.P. has a fifty-two week low of $15.14 and a fifty-two week high of $20.76. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $9,317.43, a price-to-earnings ratio of 8.48, a P/E/G ratio of 0.62 and a beta of 1.54.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.06). KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.39%. The business had revenue of $356.00 million for the quarter, compared to the consensus estimate of $314.80 million. During the same quarter last year, the business earned $0.71 EPS. KKR & Co. L.P.’s revenue for the quarter was up 29.0% compared to the same quarter last year. research analysts anticipate that KKR & Co. L.P. will post 2.43 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 3rd. KKR & Co. L.P.’s dividend payout ratio (DPR) is currently 34.34%.

KKR has been the subject of a number of research reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $27.00 target price on shares of KKR & Co. L.P. in a research report on Thursday, October 12th. TheStreet lowered shares of KKR & Co. L.P. from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Morgan Stanley upped their target price on shares of 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. Zacks Investment Research lowered shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, ValuEngine upgraded shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $21.80.

WARNING: This story was reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://transcriptdaily.com/2017/11/27/kkr-co-l-p-kkr-holdings-boosted-by-hosking-partners-llp.html.

KKR & Co. L.P. 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.

Institutional Ownership by Quarter for KKR & Co. L.P. (NYSE:KKR)

Receive News & Ratings for KKR & Co. L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply