KKR & Co. L.P. (KKR) Shares Sold by Opera Trading Capital

Opera Trading Capital lowered its stake in KKR & Co. L.P. (NYSE:KKR) by 53.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,000 shares of the asset manager’s stock after selling 70,000 shares during the quarter. Opera Trading Capital’s holdings in KKR & Co. L.P. were worth $1,220,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of KKR & Co. L.P. by 464.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock valued at $95,399,000 after acquiring an additional 4,220,481 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of KKR & Co. L.P. by 3.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 372,312 shares of the asset manager’s stock valued at $6,925,000 after acquiring an additional 12,887 shares in the last quarter. Hosking Partners LLP increased its stake in shares of KKR & Co. L.P. by 1.7% in the 2nd quarter. Hosking Partners LLP now owns 880,088 shares of the asset manager’s stock valued at $16,370,000 after acquiring an additional 14,319 shares in the last quarter. Concourse Capital Management LLC increased its stake in shares of KKR & Co. L.P. by 7.9% in the 2nd quarter. Concourse Capital Management LLC now owns 402,559 shares of the asset manager’s stock valued at $7,488,000 after acquiring an additional 29,420 shares in the last quarter. Finally, Quinn Opportunity Partners LLC increased its stake in shares of KKR & Co. L.P. by 23.1% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 269,592 shares of the asset manager’s stock valued at $5,014,000 after acquiring an additional 50,570 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Several analysts recently issued reports on the stock. BidaskClub downgraded shares of KKR & Co. L.P. from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Morgan Stanley lifted their price target on shares of KKR & Co. L.P. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) raised shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research report on Monday, October 16th. Finally, TheStreet downgraded shares of KKR & Co. L.P. from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Two equities 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 stock. The company has a consensus rating of “Buy” and an average price target of $21.80.

KKR & Co. L.P. (KKR) traded down $0.14 on Monday, reaching $19.13. 871,722 shares of the company’s stock were exchanged, compared to its average volume of 2,826,134. 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 stock has a market cap of $15,770.00, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. KKR & Co. L.P. has a 1 year low of $14.07 and a 1 year high of $20.76.

KKR & Co. L.P. (NYSE:KKR) last released its earnings results on Thursday, October 26th. The asset manager reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). The business had revenue of $356.00 million for the quarter, compared to the consensus estimate of $314.80 million. KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. sell-side analysts forecast that KKR & Co. L.P. will post 2.43 EPS for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, November 3rd. KKR & Co. L.P.’s payout ratio is 34.17%.

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In other KKR & Co. L.P. news, Director Robert W. Scully bought 55,000 shares of the stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of $18.21 per share, for a total transaction of $1,001,550.00. Following the purchase, the director now directly owns 49,495 shares of the company’s stock, valued at approximately $901,303.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

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

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