Janney Montgomery Scott LLC Lowers Position in KKR & Co. L.P. (KKR)
Janney Montgomery Scott LLC reduced its stake in shares of KKR & Co. L.P. (NYSE:KKR) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,886 shares of the asset manager’s stock after selling 3,490 shares during the period. Janney Montgomery Scott LLC’s holdings in KKR & Co. L.P. were worth $1,300,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC boosted its stake in KKR & Co. L.P. by 1,760.0% in the second quarter. Harbour Capital Advisors LLC now owns 4,185 shares of the asset manager’s stock valued at $225,000 after buying an additional 3,960 shares during the last quarter. Advisory Services Network LLC bought a new stake in KKR & Co. L.P. during the first quarter valued at $115,000. Trust Co. of Vermont boosted its stake in KKR & Co. L.P. by 725.3% in the first quarter. Trust Co. of Vermont now owns 10,060 shares of the asset manager’s stock valued at $183,000 after buying an additional 8,841 shares during the last quarter. Investment Centers of America Inc. bought a new stake in KKR & Co. L.P. during the first quarter valued at $184,000. Finally, Fairview Capital Investment Management LLC bought a new stake in KKR & Co. L.P. during the first quarter valued at $198,000. Institutional investors and hedge funds own 75.51% of the company’s stock.
KKR & Co. L.P. (KKR) opened at 18.50 on Friday. The company has a market cap of $8.69 billion, a PE ratio of 7.92 and a beta of 1.53. The firm’s 50-day moving average is $19.02 and its 200-day moving average is $18.37. KKR & Co. L.P. has a 52 week low of $13.58 and a 52 week high of $20.34.
KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, beating 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 previous year, the firm posted $0.19 EPS. On average, analysts expect that KKR & Co. L.P. will post $2.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, August 3rd. KKR & Co. L.P.’s dividend payout ratio is currently 28.22%.
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Several research firms recently weighed in on KKR. Morgan Stanley increased their target price on shares of KKR & Co. L.P. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday. Zacks Investment Research cut shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. BidaskClub upgraded shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating on shares of KKR & Co. L.P. in a research note on Friday, June 30th. Finally, Oppenheimer Holdings, Inc. increased their target price on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $21.40.
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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