KKR & Co. L.P. (NYSE:KKR) had its price objective upped by Bank of America from $25.00 to $28.00 in a research report released on Tuesday morning. Bank of America currently has a buy rating on the asset manager’s stock.
A number of other equities research analysts have also issued reports on KKR. Sandler O’Neill started coverage on KKR & Co. L.P. in a research note on Tuesday, November 28th. They set a hold rating for the company. Zacks Investment Research raised KKR & Co. L.P. from a sell rating to a hold rating in a research note on Thursday, December 21st. TheStreet raised KKR & Co. L.P. from a c+ rating to a b- rating in a research note on Wednesday, January 3rd. Credit Suisse Group reissued an outperform rating and set a $31.00 price target (up 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. Finally, Keefe, Bruyette & Woods reissued a buy rating and set a $28.00 price target on shares of KKR & Co. L.P. in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $24.64.
Shares of KKR & Co. L.P. (KKR) opened at $22.42 on Tuesday. KKR & Co. L.P. has a one year low of $16.77 and a one year high of $24.50. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $11,045.50, a P/E ratio of 9.53, a P/E/G ratio of 0.69 and a beta of 1.59.
The company also recently disclosed a dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a yield of 0.00802265219443134%. KKR & Co. L.P.’s payout ratio is currently 34.87%.
In other news, major shareholder Holdings L.P. Valueact acquired 450,000 shares of KKR & Co. L.P. stock in a transaction on Tuesday, February 6th. The shares were bought at an average cost of $21.70 per share, for a total transaction of $9,765,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Several large investors have recently made changes to their positions in KKR. Northern Trust Corp increased its holdings in shares of KKR & Co. L.P. by 0.4% in the 2nd quarter. Northern Trust Corp now owns 278,550 shares of the asset manager’s stock valued at $5,181,000 after acquiring an additional 1,150 shares during the period. HL Financial Services LLC increased its holdings in shares of KKR & Co. L.P. by 16.7% in the 3rd quarter. HL Financial Services LLC now owns 33,115 shares of the asset manager’s stock valued at $673,000 after acquiring an additional 4,750 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of KKR & Co. L.P. by 59.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 389,397 shares of the asset manager’s stock valued at $7,916,000 after acquiring an additional 145,169 shares during the period. GVO Asset Management Ltd increased its holdings in shares of KKR & Co. L.P. by 55.3% in the 3rd quarter. GVO Asset Management Ltd now owns 591,650 shares of the asset manager’s stock valued at $12,028,000 after acquiring an additional 210,750 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of KKR & Co. L.P. by 11.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 50,554 shares of the asset manager’s stock valued at $1,028,000 after acquiring an additional 5,178 shares during the period. Institutional investors and hedge funds own 68.20% of the company’s stock.
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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.
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