KKR & Co. L.P. (KKR) Shares Up 2.3%
KKR & Co. L.P. (NYSE:KKR) shares shot up 2.3% during 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 traded. The stock had previously closed at $12.57.
Several brokerages recently commented on KKR. Deutsche Bank AG restated a “hold” rating and set a $14.00 target price on shares of KKR & Co. L.P. in a report on Tuesday, April 19th. Zacks Investment Research lowered shares of KKR & Co. L.P. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 29th. Vetr lowered 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. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.00 price target (down from $21.00) on shares of KKR & Co. L.P. in a research report on Monday, July 11th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $17.00 price target on shares of KKR & Co. L.P. in a research report on Thursday, April 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.63.
The firm’s market cap is $5.76 billion. The company has a 50-day moving average price of $12.86 and a 200-day moving average price of $13.46.
KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings data on Monday, April 25th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by $0.32. The business had revenue of $279.90 million for the quarter, compared to analysts’ expectations of $276.90 million. During the same quarter last year, the company earned $0.62 earnings per share. KKR & Co. L.P.’s revenue was down 44.1% on a year-over-year basis. On average, equities research analysts anticipate that KKR & Co. L.P. will post $0.31 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its position in KKR & Co. L.P. by 12.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 884,000 shares of the company’s stock worth $13,782,000 after buying an additional 95,000 shares in the last quarter. Wells Fargo & Company MN increased its position 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 worth $24,135,000 after buying an additional 180,131 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in KKR & Co. L.P. during the fourth quarter worth about $2,721,000. OppenheimerFunds Inc. increased its position in KKR & Co. L.P. by 0.8% in the fourth quarter. OppenheimerFunds Inc. now owns 3,149,060 shares of the company’s stock worth $49,094,000 after buying an additional 25,035 shares in the last quarter. Finally, Thornburg Investment Management Inc. increased its position 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 worth $176,127,000 after buying an additional 1,290,865 shares in 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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