D.A. Davidson & CO. trimmed its stake in KKR & Co. L.P. (NYSE:KKR) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,775 shares of the asset manager’s stock after selling 688 shares during the period. D.A. Davidson & CO.’s holdings in KKR & Co. L.P. were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley grew its stake in KKR & Co. L.P. by 246.8% in the 1st quarter. Morgan Stanley now owns 55,751,843 shares of the asset manager’s stock worth $1,016,356,000 after acquiring an additional 39,675,214 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of KKR & Co. L.P. by 385.9% during the second quarter. Principal Financial Group Inc. now owns 12,925,569 shares of the asset manager’s stock valued at $240,415,000 after acquiring an additional 10,265,357 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of KKR & Co. L.P. by 464.6% during the second quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock valued at $95,399,000 after acquiring an additional 4,220,481 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of KKR & Co. L.P. by 78.8% during the second quarter. Alliancebernstein L.P. now owns 4,846,167 shares of the asset manager’s stock valued at $90,139,000 after acquiring an additional 2,135,869 shares in the last quarter. Finally, Beach Investment Management LLC. boosted its holdings in shares of KKR & Co. L.P. by 1,504.4% in the second quarter. Beach Investment Management LLC. now owns 468,792 shares of the asset manager’s stock valued at $8,720,000 after purchasing an additional 439,572 shares during the period. 65.19% of the stock is owned by institutional investors.

Several research firms have commented on KKR. ValuEngine upgraded KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research raised KKR & Co. L.P. from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Thursday, June 8th. Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a research note on Friday, June 30th. Morgan Stanley restated an “equal weight” rating and set a $19.00 price target (up previously from $18.00) on shares of KKR & Co. L.P. in a research note on Monday, July 10th. Finally, Oppenheimer Holdings, Inc. lifted their price objective on KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.30.

In other news, Director Robert W. Scully acquired 55,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $18.21 per share, with a total value of $1,001,550.00. Following the transaction, the director now owns 49,495 shares in the company, valued at $901,303.95. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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KKR & Co. L.P. (NYSE KKR) opened at 20.23 on Tuesday. KKR & Co. L.P. has a 12 month low of $13.58 and a 12 month high of $20.43. The stock’s 50 day moving average price is $18.88 and its 200-day moving average price is $18.61. The firm has a market capitalization of $9.51 billion, a P/E ratio of 8.66 and a beta of 1.53.

KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.89 EPS for the quarter, topping the consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. The company had revenue of $365.16 million during the quarter, compared to analysts’ expectations of $300.74 million. During the same quarter in the previous year, the business posted $0.19 EPS. Equities analysts forecast that KKR & Co. L.P. will post $2.65 earnings per share for the current year.

KKR & Co. L.P. 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.

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

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