KKR & Co. L.P. (KKR) Sees Unusually-High Trading Volume
KKR & Co. L.P. (NYSE:KKR) shares saw strong trading volume on Tuesday . 3,864,137 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 3,184,553 shares.The stock last traded at $12.54 and had previously closed at $12.48.
Several equities research analysts have recently commented on the stock. Jefferies Group restated a “buy” rating and issued a $17.00 target price on shares of KKR & Co. L.P. in a research note on Thursday, April 28th. Deutsche Bank AG reiterated a “hold” rating on shares of KKR & Co. L.P. in a research report on Sunday. Barclays PLC reduced their price target on shares of KKR & Co. L.P. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Vetr downgraded shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating and set a $14.18 price target on the stock. in a research report on Monday, June 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price target (down previously from $21.00) on shares of KKR & Co. L.P. in a research report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.82.
The company’s 50 day moving average price is $12.93 and its 200 day moving average price is $13.49. The company’s market capitalization is $5.60 billion.
KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data on Monday, April 25th. The company reported ($0.65) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.32. The firm earned $279.90 million during the quarter, compared to analysts’ expectations of $276.90 million. The firm’s quarterly revenue was down 44.1% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. Equities analysts predict that KKR & Co. L.P. will post $0.50 earnings per share for the current year.
A number of large investors recently made changes to their positions in KKR. Teacher Retirement System of Texas bought a new stake in shares of KKR & Co. L.P. during the fourth quarter valued at about $2,721,000. OppenheimerFunds Inc. increased its stake in shares of KKR & Co. L.P. by 0.8% in the fourth quarter. OppenheimerFunds Inc. now owns 3,149,060 shares of the company’s stock valued at $49,094,000 after buying an additional 25,035 shares during the period. Gabelli Securities Inc. bought a new stake in shares of KKR & Co. L.P. during the fourth quarter valued at about $1,877,000. Pzena Investment Management LLC bought a new stake in shares of KKR & Co. L.P. during the fourth quarter valued at about $4,497,000. Finally, Artemis Investment Management LLP increased its stake in shares of KKR & Co. L.P. by 3.5% in the fourth quarter. Artemis Investment Management LLP now owns 2,738,418 shares of the company’s stock valued at $42,679,000 after buying an additional 92,869 shares during the period.
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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