KKR & Co. L.P. (NYSE:KKR) shares shot up 2.3% during mid-day trading on Friday . The stock traded as high as $12.89 and last traded at $12.86, with a volume of 1,333,932 shares. The stock had previously closed at $12.57.

Several brokerages have issued reports on KKR. Deutsche Bank AG reiterated a “hold” rating on shares of KKR & Co. L.P. in a report on Sunday, July 10th. Jefferies Group restated a “buy” rating and issued a $17.00 target price on shares of KKR & Co. L.P. in a report on Thursday, April 28th. Barclays PLC dropped their target price on KKR & Co. L.P. from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 target price (down previously from $21.00) on shares of KKR & Co. L.P. in a report on Monday. Finally, Zacks Investment Research upgraded KKR & Co. L.P. from a “strong sell” rating to a “hold” rating in a report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.63.

The stock has a 50 day moving average price of $12.88 and a 200-day moving average price of $13.48. The stock’s market capitalization is $5.78 billion.

KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings results on Monday, April 25th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.33) by $0.32. The company earned $279.90 million during the quarter, compared to the consensus estimate of $276.90 million. The firm’s revenue was down 44.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, analysts predict that KKR & Co. L.P. will post $0.31 EPS for the current fiscal year.

Several hedge funds recently bought and sold shares of KKR. Deere & Co. increased its stake in KKR & Co. L.P. by 94.0% in the fourth quarter. Deere & Co. now owns 67,543 shares of the company’s stock valued at $1,053,000 after buying an additional 32,731 shares during the last quarter. Wells Fargo & Company MN increased its stake in KKR & Co. L.P. by 13.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,548,104 shares of the company’s stock valued at $24,135,000 after buying an additional 180,131 shares during the last quarter. Toronto Dominion Bank increased its stake in KKR & Co. L.P. by 63,771.0% in the fourth quarter. Toronto Dominion Bank now owns 990,000 shares of the company’s stock valued at $15,434,000 after buying an additional 988,450 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in KKR & Co. L.P. by 12.9% in the fourth quarter. Thornburg Investment Management Inc. now owns 11,297,436 shares of the company’s stock valued at $176,127,000 after buying an additional 1,290,865 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in KKR & Co. L.P. by 20.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 96,812 shares of the company’s stock valued at $1,509,000 after buying an additional 16,300 shares during the last quarter.

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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