Bristol Advisors LLC continued to hold its position in KKR & Co. L.P. (NYSE:KKR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,100 shares of the asset manager’s stock at the end of the second quarter. Bristol Advisors LLC’s holdings in KKR & Co. L.P. were worth $299,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KKR. Telemus Capital LLC acquired a new stake in shares of KKR & Co. L.P. during the first quarter worth approximately $1,823,000. DnB Asset Management AS boosted its stake in shares of KKR & Co. L.P. by 95.2% in the first quarter. DnB Asset Management AS now owns 238,066 shares of the asset manager’s stock worth $4,340,000 after buying an additional 116,100 shares during the period. NewSquare Capital LLC boosted its stake in shares of KKR & Co. L.P. by 12.6% in the first quarter. NewSquare Capital LLC now owns 64,410 shares of the asset manager’s stock worth $1,174,000 after buying an additional 7,230 shares during the period. LGT Capital Partners LTD. acquired a new stake in shares of KKR & Co. L.P. during the first quarter worth approximately $17,136,000. Finally, Guardian Investment Management acquired a new stake in shares of KKR & Co. L.P. during the first quarter worth approximately $337,000. 76.59% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. L.P. (NYSE KKR) opened at 18.46 on Wednesday. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 7.91 and a beta of 1.53. The stock has a 50 day moving average of $19.01 and a 200 day moving average of $18.40. KKR & Co. L.P. has a 1-year low of $13.57 and a 1-year high of $20.34.

KKR & Co. L.P. (NYSE:KKR) last posted its earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.26. The firm had revenue of $365.16 million during the quarter, compared to the consensus estimate of $300.74 million. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. During the same quarter in the prior year, the company earned $0.19 EPS. Equities analysts expect that KKR & Co. L.P. will post $2.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.68%. The ex-dividend date is Thursday, August 3rd. KKR & Co. L.P.’s dividend payout ratio (DPR) is 28.22%.

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KKR has been the subject of a number of recent research reports. TheStreet upgraded shares of KKR & Co. L.P. from a “c” rating to a “b” rating in a research report on Thursday, April 27th. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, July 18th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $23.00 target price on shares of KKR & Co. L.P. in a research report on Tuesday, May 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $22.00 target price (up from $21.00) on shares of KKR & Co. L.P. in a research report on Saturday, April 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 target price (up from $18.00) on shares of KKR & Co. L.P. in a research report on Monday, July 10th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. KKR & Co. L.P. currently has an average rating of “Buy” and an average price target of $21.40.

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.

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Institutional Ownership by Quarter for KKR & Co. L.P. (NYSE:KKR)

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