KKR & Co. L.P. (KKR) Earns Buy Rating from Keefe, Bruyette & Woods
KKR & Co. L.P. (NYSE:KKR)‘s stock had its “buy” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a report released on Thursday. They currently have a $27.00 price objective on the asset manager’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 33.40% from the company’s current price.
Several other research analysts have also issued reports on KKR. Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a research report on Friday, June 30th. Zacks Investment Research lowered shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Morgan Stanley restated an “equal weight” rating and issued a $19.00 price target (up previously from $18.00) on shares of KKR & Co. L.P. in a research report on Monday, July 10th. BidaskClub upgraded shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, six 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 a consensus price target of $21.80.
Shares of KKR & Co. L.P. (NYSE:KKR) opened at 20.24 on Thursday. KKR & Co. L.P. has a 52 week low of $13.57 and a 52 week high of $20.64. The stock’s 50 day moving average price is $19.27 and its 200 day moving average price is $18.71. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 8.67 and a beta of 1.53.
KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.26. The business had revenue of $365.16 million for the quarter, compared to analyst estimates of $300.74 million. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. During the same quarter last year, the business earned $0.19 earnings per share. Equities research analysts anticipate that KKR & Co. L.P. will post $2.55 EPS for the current fiscal year.
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In other news, Director Robert W. Scully acquired 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $18.21 per share, with a total value of $1,001,550.00. Following the purchase, the director now owns 49,495 shares of the company’s stock, valued at approximately $901,303.95. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
A number of institutional investors have recently bought and sold shares of KKR. Ameriprise Financial Inc. boosted its stake in KKR & Co. L.P. by 1.6% in the 1st quarter. Ameriprise Financial Inc. now owns 102,977 shares of the asset manager’s stock worth $1,886,000 after purchasing an additional 1,602 shares during the period. PNC Financial Services Group Inc. boosted its stake in KKR & Co. L.P. by 3.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 174,957 shares of the asset manager’s stock worth $3,189,000 after purchasing an additional 6,551 shares during the period. Legal & General Group Plc boosted its stake in KKR & Co. L.P. by 6.4% in the 1st quarter. Legal & General Group Plc now owns 1,068,307 shares of the asset manager’s stock worth $19,481,000 after purchasing an additional 64,476 shares during the period. Investment Centers of America Inc. acquired a new position in KKR & Co. L.P. in the 1st quarter worth approximately $184,000. Finally, 10 15 Associates Inc. boosted its stake in KKR & Co. L.P. by 3.6% in the 1st quarter. 10 15 Associates Inc. now owns 423,518 shares of the asset manager’s stock worth $7,720,000 after purchasing an additional 14,898 shares during the period. 65.21% of the stock is owned by hedge funds and other institutional investors.
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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