KKR & Co. L.P. (KKR) Receives $24.67 Average Target Price from Brokerages

Shares of KKR & Co. L.P. (NYSE:KKR) have been given an average recommendation of “Buy” by the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $25.00.

Several research firms recently weighed in on KKR. ValuEngine upgraded shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Jefferies Group reiterated a “buy” rating and set a $26.00 price objective on shares of KKR & Co. L.P. in a research note on Thursday, January 11th. Sandler O’Neill set a $24.00 price objective on shares of KKR & Co. L.P. and gave the stock a “hold” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 price objective on shares of KKR & Co. L.P. in a research note on Thursday, January 11th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $31.00 price objective (up previously from $23.00) on shares of KKR & Co. L.P. in a research note on Wednesday, January 10th. They noted that the move was a valuation call.

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In other news, major shareholder Holdings L.P. Valueact bought 450,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $21.70 per share, for a total transaction of $9,765,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

A number of hedge funds and other institutional investors have recently bought and sold shares of KKR. Stelac Advisory Services LLC bought a new position in KKR & Co. L.P. in the 3rd quarter worth about $119,000. Sterling Investment Advisors Ltd. grew its position in KKR & Co. L.P. by 470.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,700 shares of the asset manager’s stock worth $120,000 after purchasing an additional 4,700 shares during the last quarter. Tower Research Capital LLC TRC grew its position in KKR & Co. L.P. by 48,800.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,824 shares of the asset manager’s stock worth $165,000 after purchasing an additional 7,808 shares during the last quarter. BB&T Securities LLC bought a new position in KKR & Co. L.P. in the 4th quarter worth about $206,000. Finally, KHP Capital LLC bought a new position in KKR & Co. L.P. in the 4th quarter worth about $208,000. Hedge funds and other institutional investors own 68.20% of the company’s stock.

Shares of KKR & Co. L.P. (KKR) traded down $0.25 during trading on Friday, hitting $22.17. 404,750 shares of the stock were exchanged, compared to its average volume of 3,067,167. The firm has a market cap of $11,045.50, a price-to-earnings ratio of 11.37, a PEG ratio of 0.69 and a beta of 1.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a 1-year low of $16.77 and a 1-year high of $24.50.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). The business had revenue of $941.64 million for the quarter, compared to analyst estimates of $367.36 million. KKR & Co. L.P. had a return on equity of 9.34% and a net margin of 30.52%. KKR & Co. L.P.’s revenue was up 95.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS. equities analysts expect that KKR & Co. L.P. will post 2.54 EPS for the current year.

The company also recently announced a dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were given a $0.17 dividend. This represents a yield of 0.00802265219443134%. The ex-dividend date of this dividend was Friday, February 16th. KKR & Co. L.P.’s dividend payout ratio (DPR) is 34.87%.

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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.

Analyst Recommendations for KKR & Co. L.P. (NYSE:KKR)

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