TD Asset Management Inc. Has $30,436,000 Stake in KKR & Co. L.P. (NYSE:KKR)
TD Asset Management Inc. maintained its position in shares of KKR & Co. L.P. (NYSE:KKR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,636,336 shares of the asset manager’s stock at the end of the second quarter. TD Asset Management Inc.’s holdings in KKR & Co. L.P. were worth $30,436,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of KKR. Morgan Stanley raised its position in shares of KKR & Co. L.P. by 246.8% in the first quarter. Morgan Stanley now owns 55,751,843 shares of the asset manager’s stock worth $1,016,356,000 after buying an additional 39,675,214 shares during the last quarter. Benchmark Capital Advisors raised its position in shares of KKR & Co. L.P. by 4.3% in the first quarter. Benchmark Capital Advisors now owns 164,290 shares of the asset manager’s stock worth $2,995,000 after buying an additional 6,698 shares during the last quarter. Bollard Group LLC purchased a new position in shares of KKR & Co. L.P. during the second quarter worth approximately $4,892,000. PNC Financial Services Group Inc. raised its position in shares of KKR & Co. L.P. by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 174,957 shares of the asset manager’s stock worth $3,189,000 after buying an additional 6,551 shares during the last quarter. Finally, Rothschild Investment Corp IL raised its position in shares of KKR & Co. L.P. by 1.2% in the second quarter. Rothschild Investment Corp IL now owns 143,548 shares of the asset manager’s stock worth $2,670,000 after buying an additional 1,650 shares during the last quarter. Institutional investors and hedge funds own 75.51% of the company’s stock.
KKR & Co. L.P. (KKR) opened at 18.50 on Friday. KKR & Co. L.P. has a 1-year low of $13.58 and a 1-year high of $20.34. The firm’s 50-day moving average price is $19.02 and its 200 day moving average price is $18.37. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 7.92 and a beta of 1.53.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.26. The firm had revenue of $365.16 million during the quarter, compared to analysts’ expectations of $300.74 million. KKR & Co. L.P. had a return on equity of 11.45% and a net margin of 42.48%. During the same period in the previous year, the firm earned $0.19 EPS. On average, analysts predict that KKR & Co. L.P. will post $2.55 EPS for the current year.
The business 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. The ex-dividend date is Thursday, August 3rd. This represents a $0.68 annualized dividend and a yield of 3.68%. KKR & Co. L.P.’s dividend payout ratio is presently 28.22%.
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A number of research analysts recently commented on KKR shares. Citigroup Inc. lowered KKR & Co. L.P. from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.50 to $19.00 in a research note on Monday, April 17th. Zacks Investment Research upgraded KKR & Co. L.P. from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note 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. JMP Securities restated an “outperform” rating and issued a $25.00 target price on shares of KKR & Co. L.P. in a research note on Monday, May 1st. Finally, TheStreet upgraded KKR & Co. L.P. from a “c” rating to a “b” rating in a research note on Thursday, April 27th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. KKR & Co. L.P. presently has a consensus rating of “Buy” and a consensus 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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