KKR & Co. L.P. (KKR) Position Raised by Airain ltd
Airain ltd raised its position in shares of KKR & Co. L.P. (NYSE:KKR) by 985.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,937 shares of the asset manager’s stock after buying an additional 173,339 shares during the period. Airain ltd’s holdings in KKR & Co. L.P. were worth $3,551,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KKR. Texas Yale Capital Corp. increased its position in KKR & Co. L.P. by 1.3% in the first quarter. Texas Yale Capital Corp. now owns 81,000 shares of the asset manager’s stock worth $1,477,000 after buying an additional 1,000 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in KKR & Co. L.P. by 15.7% in the first quarter. BNP Paribas Arbitrage SA now owns 50,549 shares of the asset manager’s stock worth $922,000 after buying an additional 6,868 shares during the last quarter. Suntrust Banks Inc. increased its position in KKR & Co. L.P. by 22.2% in the first quarter. Suntrust Banks Inc. now owns 23,055 shares of the asset manager’s stock worth $420,000 after buying an additional 4,194 shares during the last quarter. Bank of New York Mellon Corp increased its position in KKR & Co. L.P. by 19.5% in the first quarter. Bank of New York Mellon Corp now owns 1,767,320 shares of the asset manager’s stock worth $32,218,000 after buying an additional 288,934 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of KKR & Co. L.P. by 7.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 19,118 shares of the asset manager’s stock worth $349,000 after buying an additional 1,302 shares during the period. Institutional investors and hedge funds own 66.61% of the company’s stock.
Shares of KKR & Co. L.P. (KKR) opened at 18.65 on Tuesday. The firm’s 50-day moving average price is $18.98 and its 200-day moving average price is $18.43. The firm has a market capitalization of $8.77 billion, a PE ratio of 7.99 and a beta of 1.53. KKR & Co. L.P. has a 52-week low of $13.57 and a 52-week high of $20.34.
KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.26. The business had revenue of $365.16 million during the quarter, compared to analyst estimates 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 last year, the business posted $0.19 earnings per share. On average, equities analysts predict that KKR & Co. L.P. will post $2.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 22nd. Investors of record on Monday, August 7th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, August 3rd. KKR & Co. L.P.’s dividend payout ratio is currently 28.22%.
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A number of brokerages recently issued reports on KKR. BidaskClub raised KKR & Co. L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research cut KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. Keefe, Bruyette & Woods reissued 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. Morgan Stanley upped their target price on KKR & Co. L.P. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. Finally, Oppenheimer Holdings, Inc. upped their target price on KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $21.40.
In other KKR & Co. L.P. news, Director Robert W. Scully acquired 55,000 shares of KKR & Co. L.P. stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $18.21 per share, with a total value of $1,001,550.00. Following the completion of the purchase, 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 accessible through the SEC website.
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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