PM CAPITAL Ltd maintained its stake in shares of KKR & Co. L.P. (NYSE:KKR) during the second quarter, Holdings Channel reports. The institutional investor owned 1,487,500 shares of the company’s stock at the end of the second quarter. KKR & Co. L.P. comprises approximately 3.1% of PM CAPITAL Ltd’s portfolio, making the stock its 15th largest position. PM CAPITAL Ltd’s holdings in KKR & Co. L.P. were worth $18,356,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KKR. Wellington Management Group LLP boosted its stake in shares of KKR & Co. L.P. by 38.9% in the first quarter. Wellington Management Group LLP now owns 9,344,724 shares of the company’s stock valued at $137,274,000 after buying an additional 2,618,430 shares during the last quarter. NewSquare Capital LLC boosted its stake in shares of KKR & Co. L.P. by 18.7% in the second quarter. NewSquare Capital LLC now owns 53,340 shares of the company’s stock valued at $658,000 after buying an additional 8,394 shares during the last quarter. Shanda Payment Holdings Ltd. boosted its stake in shares of KKR & Co. L.P. by 199.3% in the first quarter. Shanda Payment Holdings Ltd. now owns 2,279,437 shares of the company’s stock valued at $33,485,000 after buying an additional 1,517,958 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of KKR & Co. L.P. by 22.1% in the first quarter. Renaissance Technologies LLC now owns 1,270,550 shares of the company’s stock valued at $18,664,000 after buying an additional 229,613 shares during the last quarter. Finally, Carroll Financial Associates Inc. boosted its stake in shares of KKR & Co. L.P. by 58.3% in the second quarter. Carroll Financial Associates Inc. now owns 16,293 shares of the company’s stock valued at $201,000 after buying an additional 6,003 shares during the last quarter.

KKR & Co. L.P. (NYSE:KKR) traded up 0.21% during midday trading on Wednesday, hitting $14.41. The stock had a trading volume of 1,458,522 shares. The stock’s market capitalization is $6.41 billion. The company’s 50 day moving average price is $14.74 and its 200-day moving average price is $13.82. KKR & Co. L.P. has a 52 week low of $10.89 and a 52 week high of $19.20.

KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.18. The business had revenue of $576.76 million for the quarter, compared to analyst estimates of $271.50 million. During the same period last year, the firm posted $0.88 EPS. KKR & Co. L.P.’s quarterly revenue was up 125.4% on a year-over-year basis. Equities analysts anticipate that KKR & Co. L.P. will post $0.48 earnings per share for the current fiscal year.

Several analysts have recently commented on KKR shares. Zacks Investment Research cut KKR & Co. L.P. from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 29th. Wells Fargo & Co. reiterated a “buy” rating and issued a $16.00 price target on shares of KKR & Co. L.P. in a report on Thursday, July 14th. Vetr upgraded KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating and set a $14.18 price target on the stock in a report on Monday, June 27th. Credit Suisse Group AG started coverage on KKR & Co. L.P. in a report on Thursday, July 7th. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Jefferies Group raised their price target on KKR & Co. L.P. from $15.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.03.

In other news, Director Robert W. Scully sold 168,400 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $14.22, for a total transaction of $2,394,648.00. Following the completion of the transaction, the director now owns 43,276 shares of the company’s stock, valued at approximately $615,384.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

KKR & Co. L.P. Company Profile

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.

5 Day Chart for NYSE:KKR

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