Levin Capital Strategies L.P. Boosts Position in KKR & Co. L.P. Unit (KKR)

Levin Capital Strategies L.P. increased its stake in shares of KKR & Co. L.P. Unit (NYSE:KKR) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 922,831 shares of the asset manager’s stock after purchasing an additional 62,031 shares during the quarter. Levin Capital Strategies L.P.’s holdings in KKR & Co. L.P. Unit were worth $18,733,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in KKR & Co. L.P. Unit by 103.6% in the first quarter. JPMorgan Chase & Co. now owns 18,132,936 shares of the asset manager’s stock valued at $368,099,000 after acquiring an additional 9,227,804 shares during the last quarter. ValueAct Holdings L.P. lifted its stake in shares of KKR & Co. L.P. Unit by 4.8% in the fourth quarter. ValueAct Holdings L.P. now owns 47,750,000 shares of the asset manager’s stock worth $1,005,615,000 after buying an additional 2,194,084 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of KKR & Co. L.P. Unit by 592.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,258,118 shares of the asset manager’s stock worth $47,556,000 after buying an additional 1,932,051 shares during the last quarter. Natixis bought a new position in KKR & Co. L.P. Unit during the first quarter worth $37,108,000. Finally, Cannell Peter B & Co. Inc. bought a new position in KKR & Co. L.P. Unit during the first quarter worth $33,107,000. Institutional investors and hedge funds own 68.82% of the company’s stock.

KKR opened at $23.82 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.90 and a current ratio of 0.90. KKR & Co. L.P. Unit has a twelve month low of $17.96 and a twelve month high of $24.50. The stock has a market capitalization of $11.88 billion, a PE ratio of 10.01, a PEG ratio of 0.99 and a beta of 1.60.

KKR & Co. L.P. Unit (NYSE:KKR) last posted its earnings results on Thursday, May 3rd. The asset manager reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.23. KKR & Co. L.P. Unit had a net margin of 30.30% and a return on equity of 7.96%. The business had revenue of $382.20 million for the quarter, compared to analyst estimates of $337.44 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. analysts expect that KKR & Co. L.P. Unit will post 2.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 29th. Stockholders of record on Monday, May 14th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, May 11th. KKR & Co. L.P. Unit’s payout ratio is 28.57%.

In other news, major shareholder Fund Holdings L.P. Kkr sold 1,444,822 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $31.68, for a total value of $45,771,960.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Credit Advisors (Us) Llc sold 2,437,424 shares of the company’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $73.96, for a total transaction of $180,271,879.04. The disclosure for this sale can be found here.

A number of equities analysts recently issued reports on KKR shares. Oppenheimer reaffirmed a “buy” rating on shares of KKR & Co. L.P. Unit in a research report on Thursday, May 3rd. Citigroup raised shares of KKR & Co. L.P. Unit from a “neutral” rating to a “buy” rating in a report on Wednesday, May 16th. ValuEngine lowered shares of KKR & Co. L.P. Unit from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 27th. Bank of America boosted their price target on shares of KKR & Co. L.P. Unit from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Finally, Morgan Stanley lowered their price target on shares of KKR & Co. L.P. Unit from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $25.89.

KKR & Co. L.P. Unit Profile

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.

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

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