KKR & Co. L.P. (NYSE:KKR) – Stock analysts at Jefferies Group reduced their FY2016 earnings per share (EPS) estimates for shares of KKR & Co. L.P. in a research report issued on Tuesday. Jefferies Group analyst G. O’hara now expects that the firm will earn $0.66 per share for the year, down from their prior forecast of $0.77. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock. Jefferies Group also issued estimates for KKR & Co. L.P.’s Q3 2017 earnings at $0.57 EPS and Q4 2017 earnings at $0.58 EPS.

KKR has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of KKR & Co. L.P. in a research note on Tuesday, December 20th. Credit Suisse Group set a $18.00 price objective on KKR & Co. L.P. and gave the company a “buy” rating in a research note on Monday, January 2nd. Zacks Investment Research lowered KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup Inc. reissued a “buy” rating and set a $17.50 price objective on shares of KKR & Co. L.P. in a research note on Wednesday, October 26th. Finally, JMP Securities reissued a “market perform” rating on shares of KKR & Co. L.P. in a research note on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $17.91.

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Shares of KKR & Co. L.P. (NYSE:KKR) opened at 17.23 on Thursday. The company has a 50-day moving average of $16.32 and a 200 day moving average of $14.72. The firm has a market cap of $7.75 billion, a P/E ratio of 56.68 and a beta of 1.64. KKR & Co. L.P. has a 52-week low of $10.89 and a 52-week high of $17.57.

KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. KKR & Co. L.P. had a net margin of 8.55% and a return on equity of 2.27%. The business earned $687.06 million during the quarter, compared to the consensus estimate of $270.76 million. During the same quarter last year, the firm posted ($0.37) EPS. ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the propert of of Watch List News. If you are accessing this news story on another site, it was stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this news story can be read at http://www.watchlistnews.com/jefferies-group-weighs-in-on-kkr-co-l-p-s-fy2016-earnings-kkr/1061198.html.

A number of institutional investors have recently bought and sold shares of KKR. Edge Wealth Management LLC increased its position in KKR & Co. L.P. by 155.6% in the third quarter. Edge Wealth Management LLC now owns 8,542 shares of the company’s stock worth $122,000 after buying an additional 5,200 shares during the period. Quantbot Technologies LP purchased a new position in KKR & Co. L.P. during the third quarter worth about $139,000. TCI Wealth Advisors Inc. purchased a new position in KKR & Co. L.P. during the third quarter worth about $143,000. KCM Investment Advisors LLC purchased a new position in KKR & Co. L.P. during the third quarter worth about $148,000. Finally, NEXT Financial Group Inc increased its position in KKR & Co. L.P. by 18.7% in the third quarter. NEXT Financial Group Inc now owns 10,635 shares of the company’s stock worth $152,000 after buying an additional 1,675 shares during the period. Institutional investors and hedge funds own 58.76% 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.

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