Q3 2016 EPS Estimates for KKR & Co. L.P. (KKR) Boosted by Oppenheimer Holdings
KKR & Co. L.P. (NYSE:KKR) – Research analysts at Oppenheimer Holdings upped their Q3 2016 EPS estimates for KKR & Co. L.P. in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the firm will post earnings of $0.66 per share for the quarter, up from their prior forecast of $0.54. Oppenheimer Holdings also issued estimates for KKR & Co. L.P.’s Q4 2016 earnings at $0.57 EPS.
KKR & Co. L.P. (NYSE:KKR) last posted its earnings results on Tuesday, July 26th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.18. The business earned $576.76 million during the quarter, compared to the consensus estimate of $271.50 million. The firm’s revenue for the quarter was up 125.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share.
Several other brokerages have also recently commented on KKR. Jefferies Group boosted their price target on shares of KKR & Co. L.P. from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Credit Suisse Group AG reiterated a “buy” rating and issued a $16.00 price target on shares of KKR & Co. L.P. in a research note on Wednesday, July 27th. Vetr cut shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating and set a $13.02 price target on the stock. in a research note on Monday, July 18th. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “strong sell” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Deutsche Bank AG restated a “hold” rating on shares of KKR & Co. L.P. in a research report on Sunday, July 10th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $17.88.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/q3-2016-eps-estimates-for-kkr-co-l-p-kkr-boosted-by-oppenheimer-holdings.html
Shares of KKR & Co. L.P. (NYSE:KKR) opened at 13.75 on Monday. The company has a 50 day moving average price of $14.45 and a 200 day moving average price of $13.82. KKR & Co. L.P. has a 1-year low of $10.89 and a 1-year high of $19.20. The company’s market capitalization is $6.12 billion.
In other KKR & Co. L.P. news, Director Robert W. Scully sold 168,400 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $14.22, for a total value of $2,394,648.00. Following the transaction, the director now directly owns 43,276 shares in the company, valued at approximately $615,384.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
A number of institutional investors have recently modified their holdings of KKR. Artemis Investment Management LLP increased its position in shares of KKR & Co. L.P. by 138.5% in the second quarter. Artemis Investment Management LLP now owns 7,196,826 shares of the company’s stock worth $88,844,000 after buying an additional 4,179,496 shares in the last quarter. Coronation Fund Managers Ltd. bought a new position in shares of KKR & Co. L.P. during the second quarter worth approximately $46,915,000. Capital Research Global Investors increased its position in shares of KKR & Co. L.P. by 44.0% in the second quarter. Capital Research Global Investors now owns 9,000,000 shares of the company’s stock worth $111,060,000 after buying an additional 2,748,911 shares in the last quarter. Wellington Management Group LLP increased its position 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 worth $137,274,000 after buying an additional 2,618,430 shares in the last quarter. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd increased its position in shares of KKR & Co. L.P. by 103.2% in the second quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 4,631,954 shares of the company’s stock worth $57,158,000 after buying an additional 2,352,517 shares in the last quarter.
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.
Receive News & Ratings for KKR & Co. L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. L.P. and related companies with MarketBeat.com's FREE daily email newsletter.