KKR & Co. L.P. (NYSE:KKR) had its target price hoisted by Morgan Stanley from $20.00 to $21.00 in a report released on Thursday. The firm presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price points to a potential upside of 3.14% from the stock’s current price.

KKR has been the subject of a number of other reports. Oppenheimer Holdings, Inc. boosted their target price on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. ValuEngine downgraded shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 8th. BidaskClub downgraded shares of KKR & Co. L.P. from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of KKR & Co. L.P. in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $21.40.

KKR & Co. L.P. (KKR) traded up 0.83% on Thursday, hitting $20.53. 1,757,451 shares of the stock traded hands. The stock has a market cap of $9.65 billion, a P/E ratio of 8.79 and a beta of 1.53. The stock has a 50-day moving average price of $18.98 and a 200 day moving average price of $18.63. KKR & Co. L.P. has a 12-month low of $13.58 and a 12-month high of $20.64.

KKR & Co. L.P. (NYSE:KKR) last announced its earnings results 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 the consensus estimate of $300.74 million. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, equities analysts expect that KKR & Co. L.P. will post $2.65 EPS for the current fiscal year.

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In other KKR & Co. L.P. news, Director Robert W. Scully purchased 55,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $18.21 per share, for a total transaction of $1,001,550.00. Following the transaction, the director now directly owns 49,495 shares in the company, valued at $901,303.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of KKR & Co. L.P. by 464.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock worth $95,399,000 after buying an additional 4,220,481 shares during the period. Morgan Stanley grew its position in shares of KKR & Co. L.P. by 246.8% during the 1st quarter. Morgan Stanley now owns 55,751,843 shares of the asset manager’s stock worth $1,016,356,000 after buying an additional 39,675,214 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of KKR & Co. L.P. by 3.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 372,312 shares of the asset manager’s stock worth $6,925,000 after buying an additional 12,887 shares during the period. Hosking Partners LLP grew its position in shares of KKR & Co. L.P. by 1.7% during the 2nd quarter. Hosking Partners LLP now owns 880,088 shares of the asset manager’s stock worth $16,370,000 after buying an additional 14,319 shares during the period. Finally, Quinn Opportunity Partners LLC grew its position in shares of KKR & Co. L.P. by 23.1% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 269,592 shares of the asset manager’s stock worth $5,014,000 after buying an additional 50,570 shares during the period. Institutional investors own 65.19% of the company’s stock.

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.

Analyst Recommendations for KKR & Co. L.P. (NYSE:KKR)

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