Shares of KKR & Co. L.P. (NYSE:KKR) have been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.88.

A number of equities research analysts have recently weighed in on KKR shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $27.00 price objective on shares of KKR & Co. L.P. in a report on Thursday. Morgan Stanley raised their price objective on shares of KKR & Co. L.P. from $19.00 to $20.00 and gave the company 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 Monday, July 3rd. ValuEngine upgraded shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Finally, Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a report on Friday, June 30th.

Shares of KKR & Co. L.P. (NYSE:KKR) traded down 1.04% during trading on Thursday, hitting $20.03. The stock had a trading volume of 1,296,010 shares. The stock has a market cap of $9.41 billion, a P/E ratio of 8.58 and a beta of 1.53. KKR & Co. L.P. has a one year low of $13.57 and a one year 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.

KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 earnings per share for the quarter, beating 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 business had revenue of $365.16 million for the quarter, compared to analyst estimates of $300.74 million. During the same period last year, the business earned $0.19 EPS. Analysts expect that KKR & Co. L.P. will post $2.53 earnings per share for the current fiscal year.

In related news, Director Robert W. Scully purchased 55,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $18.21 per share, for a total transaction of $1,001,550.00. Following the purchase, the director now directly owns 49,495 shares of the company’s stock, valued at $901,303.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of large investors have recently made changes to their positions in KKR. Advisory Services Network LLC raised its stake in KKR & Co. L.P. by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after acquiring an additional 115 shares in the last quarter. Investment Centers of America Inc. acquired a new stake in KKR & Co. L.P. during the 1st quarter worth $184,000. Laurel Wealth Advisors Inc. raised its stake in KKR & Co. L.P. by 0.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock worth $203,000 after acquiring an additional 67 shares in the last quarter. Synovus Financial Corp acquired a new stake in KKR & Co. L.P. during the 2nd quarter worth $205,000. Finally, FineMark National Bank & Trust raised its stake in KKR & Co. L.P. by 8.8% during the 2nd quarter. FineMark National Bank & Trust now owns 11,204 shares of the asset manager’s stock worth $208,000 after acquiring an additional 904 shares in the last quarter. Hedge funds and other institutional investors own 65.21% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/12/kkr-co-l-p-kkr-receives-consensus-recommendation-of-hold-from-analysts.html.

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.

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

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.