HL Financial Services LLC held its stake in shares of KKR & Co. L.P. (NYSE:KKR) during the second quarter, Holdings Channel reports. The firm owned 28,365 shares of the asset manager’s stock at the end of the second quarter. HL Financial Services LLC’s holdings in KKR & Co. L.P. were worth $528,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KKR. Palisade Capital Management LLC NJ boosted its stake in shares of KKR & Co. L.P. by 9.0% in the second quarter. Palisade Capital Management LLC NJ now owns 120,798 shares of the asset manager’s stock valued at $2,247,000 after buying an additional 10,000 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of KKR & Co. L.P. by 21.3% in the second quarter. Hodges Capital Management Inc. now owns 54,554 shares of the asset manager’s stock valued at $1,015,000 after buying an additional 9,577 shares during the last quarter. Beach Investment Management LLC. boosted its stake in shares of KKR & Co. L.P. by 1,504.4% in the second quarter. Beach Investment Management LLC. now owns 468,792 shares of the asset manager’s stock valued at $8,720,000 after buying an additional 439,572 shares during the last quarter. Perennial Advisors LLC boosted its stake in shares of KKR & Co. L.P. by 6,786.0% in the second quarter. Perennial Advisors LLC now owns 68,860 shares of the asset manager’s stock valued at $1,281,000 after buying an additional 67,860 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of KKR & Co. L.P. by 31.0% in the second quarter. Stratos Wealth Partners LTD. now owns 52,720 shares of the asset manager’s stock valued at $981,000 after buying an additional 12,476 shares during the last quarter. 75.51% of the stock is owned by institutional investors and hedge funds.

KKR & Co. L.P. (NYSE:KKR) opened at 18.34 on Friday. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 7.85 and a beta of 1.53. The company has a 50 day moving average of $19.01 and a 200 day moving average of $18.38. KKR & Co. L.P. has a 52 week low of $13.58 and a 52 week high of $20.34.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. The company had revenue of $365.16 million during the quarter, compared to analyst estimates of $300.74 million. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, equities analysts forecast that KKR & Co. L.P. will post $2.55 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Monday, August 7th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, August 3rd. KKR & Co. L.P.’s dividend payout ratio (DPR) is presently 28.22%.

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Several research analysts have commented on KKR shares. Morgan Stanley upped their price objective on shares of KKR & Co. L.P. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Oppenheimer Holdings, Inc. upped their price objective on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. BidaskClub upgraded shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a report on Friday, June 30th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. KKR & Co. L.P. currently has an average rating of “Buy” and an average target price of $21.40.

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.

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Institutional Ownership by Quarter for KKR & Co. L.P. (NYSE:KKR)

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