Mckinley Capital Management LLC Delaware Cuts Stake in KKR & Co. L.P. (KKR)

Mckinley Capital Management LLC Delaware lowered its holdings in KKR & Co. L.P. (NYSE:KKR) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,242 shares of the asset manager’s stock after selling 3,196 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in KKR & Co. L.P. were worth $2,132,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KKR. Advisory Services Network LLC increased its stake in shares of KKR & Co. L.P. by 1.8% in the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after acquiring an additional 115 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of KKR & Co. L.P. in the third quarter worth $119,000. Sterling Investment Advisors Ltd. increased its stake in shares of KKR & Co. L.P. by 470.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,700 shares of the asset manager’s stock worth $120,000 after acquiring an additional 4,700 shares during the period. Summit Securities Group LLC acquired a new stake in shares of KKR & Co. L.P. in the fourth quarter worth $225,000. Finally, FinTrust Investment Advisory Services LLC acquired a new stake in shares of KKR & Co. L.P. in the third quarter worth $239,000. Hedge funds and other institutional investors own 64.96% of the company’s stock.

Shares of KKR & Co. L.P. (NYSE:KKR) opened at $21.59 on Thursday. KKR & Co. L.P. has a twelve month low of $16.77 and a twelve month high of $24.50. The stock has a market cap of $10,148.41, a price-to-earnings ratio of 11.07, a P/E/G ratio of 0.64 and a beta of 1.55. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08.

KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.04). The firm had revenue of $941.64 million for the quarter, compared to analysts’ expectations of $367.36 million. KKR & Co. L.P. had a return on equity of 9.53% and a net margin of 30.52%. The business’s quarterly revenue was up 95.6% on a year-over-year basis. During the same period last year, the company posted $0.40 earnings per share. analysts anticipate that KKR & Co. L.P. will post 2.56 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.17 per share. This represents a yield of 0.00802265219443134%. The ex-dividend date of this dividend is Friday, February 16th. KKR & Co. L.P.’s payout ratio is 34.87%.

A number of analysts have recently weighed in on the stock. Sandler O’Neill set a $22.00 price objective on shares of KKR & Co. L.P. and gave the stock a “hold” rating in a research note on Friday, February 9th. Deutsche Bank increased their price objective on shares of KKR & Co. L.P. from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. ValuEngine raised shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and set a $26.00 price target on shares of KKR & Co. L.P. in a report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.00 price target on shares of KKR & Co. L.P. in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. KKR & Co. L.P. currently has a consensus rating of “Buy” and an average target price of $24.30.

In related news, major shareholder Holdings L.P. Valueact acquired 450,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were acquired at an average cost of $21.70 per share, with a total value of $9,765,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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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.

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Institutional Ownership by Quarter for KKR & Co. L.P. (NYSE:KKR)

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