KKR & Co. L.P. (KKR) Sees Strong Trading Volume
KKR & Co. L.P. (NYSE:KKR) saw unusually-strong trading volume on Wednesday . Approximately 4,489,761 shares were traded during mid-day trading, an increase of 30% from the previous session’s volume of 3,442,276 shares.The stock last traded at $13.46 and had previously closed at $13.06.
Several research analysts recently weighed in on KKR shares. Citigroup Inc. reiterated a “buy” rating on shares of KKR & Co. L.P. in a research report on Wednesday, April 13th. Jefferies Group lowered their price objective on KKR & Co. L.P. to $16.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. Vetr lowered KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating and set a $14.18 price target for the company. in a research report on Monday, June 13th. Wells Fargo & Co. restated a “buy” rating and set a $16.00 price target on shares of KKR & Co. L.P. in a research report on Thursday, July 14th. Finally, Morgan Stanley lowered their price target on KKR & Co. L.P. from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $18.60.
The firm’s market cap is $6.14 billion. The firm’s 50 day moving average price is $12.85 and its 200-day moving average price is $13.40.
KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data 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 had revenue of $279.90 million for the quarter, compared to analysts’ expectations of $276.90 million. The firm’s revenue for the quarter was down 44.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. On average, equities analysts predict that KKR & Co. L.P. will post $0.33 EPS for the current year.
A number of large investors have added to or reduced their stakes in KKR. Deere & Co. raised 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 period. Pinnacle Associates Ltd. raised 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 period. Teacher Retirement System of Texas acquired a new stake in KKR & Co. L.P. during the fourth quarter valued at $2,721,000. Robeco Institutional Asset Management B.V. raised its stake 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 valued at $13,782,000 after buying an additional 95,000 shares during the period. Finally, Toronto Dominion Bank raised 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 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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