KKR & Co. L.P. (KKR) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its holdings in shares of KKR & Co. L.P. (NYSE:KKR) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,442 shares of the asset manager’s stock after selling 7,532 shares during the period. Pzena Investment Management LLC owned 0.12% of KKR & Co. L.P. worth $11,556,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC boosted its position in shares of KKR & Co. L.P. by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock valued at $119,000 after purchasing an additional 115 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its position in shares of KKR & Co. L.P. by 0.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock valued at $203,000 after purchasing an additional 67 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of KKR & Co. L.P. during the 2nd quarter valued at about $205,000. FineMark National Bank & Trust boosted its position in shares of KKR & Co. L.P. by 8.8% during the 2nd quarter. FineMark National Bank & Trust now owns 11,204 shares of the asset manager’s stock valued at $208,000 after purchasing an additional 904 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in shares of KKR & Co. L.P. by 1,760.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 4,185 shares of the asset manager’s stock valued at $225,000 after purchasing an additional 3,960 shares in the last quarter. Institutional investors own 65.69% of the company’s stock.

Several equities research analysts recently commented on the company. Morgan Stanley upped their target price on KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. TheStreet lowered KKR & Co. L.P. from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. ValuEngine upgraded KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Zacks Investment Research lowered KKR & Co. L.P. from a “buy” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $27.00 target price on shares of KKR & Co. L.P. in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.80.

In related news, Director Robert W. Scully bought 55,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were bought at an average price of $18.21 per share, for a total transaction of $1,001,550.00. Following the completion of the acquisition, the director now directly owns 49,495 shares of the company’s stock, valued at $901,303.95. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of KKR & Co. L.P. (KKR) traded down $0.24 during trading hours on Friday, reaching $19.26. The company’s stock had a trading volume of 1,954,700 shares, compared to its average volume of 2,413,542. The company has a market capitalization of $9,198.04, a price-to-earnings ratio of 8.37, a P/E/G ratio of 0.61 and a beta of 1.54. The company has a current ratio of 1.03, a quick ratio of 1.05 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a 1-year low of $14.07 and a 1-year high of $20.76.

KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.06). The firm had revenue of $356.00 million during the quarter, compared to the consensus estimate of $314.80 million. KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 EPS. equities research analysts expect that KKR & Co. L.P. will post 2.43 earnings per share for the current year.

The business also recently announced a dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 3rd. KKR & Co. L.P.’s dividend payout ratio is presently 34.34%.

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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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