Belpointe Asset Management LLC Takes Position in KKR & Co. L.P. (KKR)
Belpointe Asset Management LLC bought a new position in KKR & Co. L.P. (NYSE:KKR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,763 shares of the asset manager’s stock, valued at approximately $503,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Stelac Advisory Services LLC acquired a new stake in shares of KKR & Co. L.P. during the third quarter worth approximately $119,000. Advisory Services Network LLC boosted its holdings in shares of KKR & Co. L.P. by 1.8% during the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after purchasing an additional 115 shares during the period. Laurel Wealth Advisors Inc. boosted its holdings in shares of KKR & Co. L.P. by 0.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock worth $203,000 after purchasing an additional 67 shares during the period. Synovus Financial Corp acquired a new stake in shares of KKR & Co. L.P. during the second quarter worth approximately $205,000. Finally, FinTrust Investment Advisory Services LLC acquired a new stake in shares of KKR & Co. L.P. during the third quarter worth approximately $239,000. 65.21% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the stock. ValuEngine cut shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a report on Friday, September 8th. BidaskClub cut shares of KKR & Co. L.P. from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research cut shares of KKR & Co. L.P. from a “buy” rating to a “sell” rating in a research note on Wednesday, October 11th. Morgan Stanley lifted their target price on shares of KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, Goldman Sachs Group upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $22.33.
KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The firm had revenue of $356.00 million during the quarter, compared to analyst estimates of $314.80 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. KKR & Co. L.P.’s quarterly revenue was up 29.0% compared to the same quarter last year. equities research analysts anticipate that KKR & Co. L.P. will post 2.43 EPS for the current year.
The business also recently announced a dividend, which was paid on Tuesday, November 21st. Investors of record on Monday, November 6th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 3rd. KKR & Co. L.P.’s dividend payout ratio (DPR) is currently 34.34%.
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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