Several other analysts also recently commented on KKR. Citigroup Inc. downgraded shares of KKR & Co. L.P. from a buy rating to a neutral rating and decreased their target price for the stock from $20.50 to $19.00 in a research report on Monday, April 17th. Deutsche Bank AG boosted their target price on shares of KKR & Co. L.P. from $18.00 to $20.00 and gave the stock a hold rating in a research report on Friday, April 28th. JMP Securities reissued an outperform rating and issued a $25.00 target price on shares of KKR & Co. L.P. in a research report on Monday, May 1st. TheStreet raised shares of KKR & Co. L.P. from a c rating to a b rating in a research report on Thursday, April 27th. Finally, Keefe, Bruyette & Woods reissued a buy rating and issued a $23.00 target price on shares of KKR & Co. L.P. in a research report on Tuesday, May 30th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. KKR & Co. L.P. currently has a consensus rating of Buy and an average target price of $20.91.
KKR & Co. L.P. (NYSE:KKR) traded up 0.26% on Friday, reaching $19.30. 2,884,777 shares of the company traded hands. The company has a 50-day moving average price of $18.86 and a 200-day moving average price of $18.24. KKR & Co. L.P. has a 12 month low of $13.57 and a 12 month high of $20.34. The company has a market capitalization of $8.91 billion, a P/E ratio of 10.95 and a beta of 1.53.
KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a net margin of 35.94% and a return on equity of 10.52%. The business had revenue of $365.16 million for the quarter, compared to analyst estimates of $300.74 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities research analysts expect that KKR & Co. L.P. will post $2.30 EPS for the current year.
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The business also recently announced a dividend, which will be paid on Tuesday, August 22nd. Investors of record on Monday, August 7th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 3rd. KKR & Co. L.P.’s payout ratio is currently 37.99%.
A number of institutional investors have recently added to or reduced their stakes in KKR. Advisory Services Network LLC bought a new position in KKR & Co. L.P. during the first quarter valued at approximately $115,000. Trust Co. of Vermont boosted its position in KKR & Co. L.P. by 725.3% in the first quarter. Trust Co. of Vermont now owns 10,060 shares of the asset manager’s stock valued at $183,000 after buying an additional 8,841 shares during the last quarter. Investment Centers of America Inc. bought a new position in KKR & Co. L.P. during the first quarter valued at approximately $184,000. Park Avenue Securities LLC bought a new position in KKR & Co. L.P. during the first quarter valued at approximately $195,000. Finally, Fairview Capital Investment Management LLC bought a new position in KKR & Co. L.P. during the first quarter valued at approximately $198,000. Hedge funds and other institutional investors own 75.53% of the company’s stock.
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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