KKR & Co. L.P. (KKR) Receives Consensus Rating of “Buy” from Analysts
KKR & Co. L.P. (NYSE:KKR) has earned an average recommendation of “Buy” from the fifteen analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $21.88.
KKR has been the topic of a number of research analyst reports. ValuEngine raised shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Thursday, September 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 target price on shares of KKR & Co. L.P. in a research note on Thursday, October 12th. 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, Inc. (The) upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research note on Monday, October 16th.
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Shares of KKR & Co. L.P. (NYSE:KKR) traded down $0.03 on Monday, reaching $19.99. 1,270,000 shares of the company were exchanged, compared to its average volume of 2,650,000. KKR & Co. L.P. has a 52-week low of $13.57 and a 52-week high of $20.76. The stock has a market capitalization of $16,320.00, a P/E ratio of 8.70, a PEG ratio of 0.63 and a beta of 1.54. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.05 and a quick ratio of 1.05.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.61%. The company had revenue of $356.00 million for the quarter, compared to analysts’ expectations of $314.80 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. equities analysts predict that KKR & Co. L.P. will post 2.43 earnings per share for the current year.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 3rd. KKR & Co. L.P.’s payout ratio is 34.17%.
In other news, Director Robert W. Scully acquired 55,000 shares of KKR & Co. L.P. stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $18.21 per share, for a total transaction of $1,001,550.00. Following the completion of the purchase, the director now owns 49,495 shares of the company’s stock, valued at $901,303.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in KKR & Co. L.P. by 464.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock valued at $95,399,000 after purchasing an additional 4,220,481 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in KKR & Co. L.P. by 3.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 372,312 shares of the asset manager’s stock valued at $6,925,000 after purchasing an additional 12,887 shares during the last quarter. Hosking Partners LLP raised its stake in KKR & Co. L.P. by 1.7% during the 2nd quarter. Hosking Partners LLP now owns 880,088 shares of the asset manager’s stock valued at $16,370,000 after purchasing an additional 14,319 shares during the last quarter. Concourse Capital Management LLC raised its stake in KKR & Co. L.P. by 7.9% during the 2nd quarter. Concourse Capital Management LLC now owns 402,559 shares of the asset manager’s stock valued at $7,488,000 after purchasing an additional 29,420 shares during the last quarter. Finally, Quinn Opportunity Partners LLC raised its stake in KKR & Co. L.P. by 23.1% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 269,592 shares of the asset manager’s stock valued at $5,014,000 after purchasing an additional 50,570 shares during the last quarter. Hedge funds and other institutional investors own 65.69% of the company’s stock.
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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