KKR & Co. L.P. (KKR) Given a $24.00 Price Target by Sandler O’Neill Analysts

KKR & Co. L.P. (NYSE:KKR) has been assigned a $24.00 price target by equities researchers at Sandler O’Neill in a note issued to investors on Thursday. The brokerage currently has a “hold” rating on the asset manager’s stock. Sandler O’Neill’s price target would indicate a potential upside of 3.56% from the stock’s current price.

Several other brokerages also recently commented on KKR. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 target price on shares of KKR & Co. L.P. in a research note on Thursday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $31.00 target price (up from $23.00) on shares of KKR & Co. L.P. in a report on Wednesday. They noted that the move was a valuation call. TheStreet raised KKR & Co. L.P. from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Morgan Stanley raised their price objective on KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $23.80.

KKR & Co. L.P. (NYSE KKR) traded up $0.32 on Thursday, reaching $23.17. The company’s stock had a trading volume of 545,438 shares, compared to its average volume of 3,144,572. The company has a market cap of $19,020.00, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.67 and a beta of 1.52. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. KKR & Co. L.P. has a fifty-two week low of $16.77 and a fifty-two week high of $23.32.

KKR & Co. L.P. (NYSE:KKR) last announced its earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.06). The firm had revenue of $356.00 million during the quarter, compared to the consensus estimate of $314.80 million. KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. analysts anticipate that KKR & Co. L.P. will post 2.44 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in KKR & Co. L.P. by 253.1% during the third quarter. JPMorgan Chase & Co. now owns 1,529,958 shares of the asset manager’s stock valued at $21,817,000 after buying an additional 1,096,709 shares in the last quarter. Jackson Wealth Management LLC grew its position in shares of KKR & Co. L.P. by 3.0% in the 4th quarter. Jackson Wealth Management LLC now owns 215,015 shares of the asset manager’s stock valued at $2,911,000 after purchasing an additional 6,209 shares during the period. Wellington Management Group LLP grew its position in shares of KKR & Co. L.P. by 38.9% in the 1st quarter. Wellington Management Group LLP now owns 9,344,724 shares of the asset manager’s stock valued at $137,274,000 after purchasing an additional 2,618,430 shares during the period. Douglass Winthrop Advisors LLC lifted its stake in KKR & Co. L.P. by 55.3% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 38,050 shares of the asset manager’s stock valued at $868,000 after acquiring an additional 13,550 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in KKR & Co. L.P. by 12.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 884,000 shares of the asset manager’s stock valued at $13,782,000 after acquiring an additional 95,000 shares in the last quarter. Institutional investors and hedge funds own 64.95% of the company’s stock.

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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)