KKR & Co. L.P. (KKR) Receives Consensus Rating of “Buy” from Analysts

Shares of KKR & Co. L.P. (NYSE:KKR) have received a consensus rating of “Buy” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $24.67.

KKR has been the subject of a number of research reports. TheStreet raised shares of KKR & Co. L.P. from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Sandler O’Neill set a $22.00 target price on shares of KKR & Co. L.P. and gave the company a “hold” rating in a report on Friday, February 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.00 target price on shares of KKR & Co. L.P. in a report on Thursday, January 11th. Zacks Investment Research raised shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. Finally, Deutsche Bank upped their target price on shares of KKR & Co. L.P. from $22.00 to $23.00 and gave the company a “hold” rating in a report on Friday, February 9th.

KKR & Co. L.P. (NYSE:KKR) traded up $0.21 during midday trading on Wednesday, reaching $21.46. 3,445,769 shares of the company’s stock traded hands, compared to its average volume of 3,432,160. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a one year low of $16.77 and a one year high of $24.50. The firm has a market capitalization of $17,400.00, a P/E ratio of 11.01, a PEG ratio of 0.65 and a beta of 1.55.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.04). KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.53%. The company had revenue of $941.64 million during the quarter, compared to analyst estimates of $367.36 million. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s revenue was up 95.6% on a year-over-year basis. sell-side analysts anticipate that KKR & Co. L.P. will post 2.56 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be issued a $0.17 dividend. The ex-dividend date is Friday, February 16th. This represents a dividend yield of 0.00802265219443134%. KKR & Co. L.P.’s payout ratio is 34.87%.

In other news, major shareholder Holdings L.P. Valueact purchased 1,450,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $21.55 per share, with a total value of $31,247,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of KKR. ValueAct Holdings L.P. raised its holdings in KKR & Co. L.P. by 811.1% during the third quarter. ValueAct Holdings L.P. now owns 45,555,916 shares of the asset manager’s stock worth $926,152,000 after purchasing an additional 40,555,916 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in KKR & Co. L.P. by 59.0% during the third quarter. JPMorgan Chase & Co. now owns 8,153,111 shares of the asset manager’s stock worth $162,980,000 after purchasing an additional 3,024,201 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in KKR & Co. L.P. by 592.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,258,118 shares of the asset manager’s stock worth $47,556,000 after purchasing an additional 1,932,051 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in KKR & Co. L.P. by 287.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,361,210 shares of the asset manager’s stock worth $28,667,000 after purchasing an additional 1,010,110 shares in the last quarter. Finally, Alkeon Capital Management LLC raised its holdings in KKR & Co. L.P. by 44.3% during the third quarter. Alkeon Capital Management LLC now owns 2,394,352 shares of the asset manager’s stock worth $48,678,000 after purchasing an additional 735,000 shares in the last quarter. 64.96% of the stock is owned by hedge funds and other institutional investors.

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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)

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