KKR & Co. L.P. (KKR) Shares Sold by Amundi Pioneer Asset Management Inc.
Amundi Pioneer Asset Management Inc. cut its holdings in KKR & Co. L.P. (NYSE:KKR) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,067 shares of the asset manager’s stock after selling 57,219 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.07% of KKR & Co. L.P. worth $6,629,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hosking Partners LLP lifted its holdings in KKR & Co. L.P. by 0.4% in the 3rd quarter. Hosking Partners LLP now owns 883,443 shares of the asset manager’s stock worth $17,960,000 after purchasing an additional 3,355 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in KKR & Co. L.P. by 0.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 375,417 shares of the asset manager’s stock worth $7,632,000 after purchasing an additional 3,105 shares in the last quarter. Stelac Advisory Services LLC purchased a new position in KKR & Co. L.P. in the 3rd quarter worth approximately $119,000. Kayne Anderson Capital Advisors LP lifted its holdings in KKR & Co. L.P. by 657.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 83,300 shares of the asset manager’s stock worth $1,691,000 after purchasing an additional 72,300 shares in the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in KKR & Co. L.P. in the 3rd quarter worth approximately $244,000. 65.19% of the stock is currently owned by institutional investors.
Shares of KKR & Co. L.P. (NYSE:KKR) opened at $19.88 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a twelve month low of $15.30 and a twelve month high of $20.76. The stock has a market capitalization of $9,513.24, a P/E ratio of 8.66, a PEG ratio of 0.63 and a beta of 1.52.
KKR & Co. L.P. (NYSE:KKR) last released its earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.39%. The company had revenue of $356.00 million for the quarter, compared to analyst estimates of $314.80 million. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was up 29.0% on a year-over-year basis. equities research analysts predict that KKR & Co. L.P. will post 2.43 earnings per share for the current fiscal year.
The business also recently announced a dividend, which was paid on Tuesday, November 21st. Investors of record on Monday, November 6th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 3rd. KKR & Co. L.P.’s payout ratio is presently 34.34%.
KKR has been the topic of a number of research analyst reports. ValuEngine cut KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research raised KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, September 7th. Goldman Sachs Group raised KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a report on Monday, October 16th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $27.00 price target on shares of KKR & Co. L.P. in a report on Thursday, October 12th. Finally, TheStreet cut KKR & Co. L.P. from a “b” rating to a “c+” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. KKR & Co. L.P. has a consensus rating of “Hold” and an average price target of $21.80.
About KKR & Co. L.P.
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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