KKR & Co. L.P. (NYSE:KKR) received a $19.00 price target from research analysts at Credit Suisse Group in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 5.50% from the stock’s previous close.
KKR has been the topic of several other research reports. Jefferies Group LLC restated a “buy” rating and issued a $17.00 price objective on shares of KKR & Co. L.P. in a research report on Wednesday, October 26th. Zacks Investment Research upgraded KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, January 31st. Vetr lowered KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Wells Fargo & Company restated an “outperform” rating and issued a $17.00 price objective (up previously from $16.00) on shares of KKR & Co. L.P. in a research report on Sunday, December 4th. Finally, JMP Securities restated a “market perform” rating on shares of KKR & Co. L.P. in a research report on Wednesday, October 26th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.08.
Shares of KKR & Co. L.P. (NYSE:KKR) traded up 0.6113% during midday trading on Thursday, reaching $18.1201. 852,000 shares of the company traded hands. The firm has a market capitalization of $8.20 billion, a PE ratio of 30.7120 and a beta of 1.64. KKR & Co. L.P. has a 1-year low of $11.63 and a 1-year high of $18.40. The stock has a 50 day moving average price of $17.31 and a 200 day moving average price of $15.48.
KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.03. KKR & Co. L.P. had a return on equity of 5.55% and a net margin of 15.48%. The business earned $481.50 million during the quarter, compared to analyst estimates of $273.23 million. During the same quarter last year, the company posted $0.08 EPS. KKR & Co. L.P.’s quarterly revenue was up 56.4% compared to the same quarter last year. Analysts expect that KKR & Co. L.P. will post $2.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Stockholders of record on Tuesday, February 21st will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, February 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.55%. KKR & Co. L.P.’s dividend payout ratio (DPR) is 118.52%.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Edge Wealth Management LLC raised its position in shares of KKR & Co. L.P. by 155.6% in the third quarter. Edge Wealth Management LLC now owns 8,542 shares of the company’s stock worth $122,000 after buying an additional 5,200 shares during the period. FCG Advisors LLC acquired a new position in shares of KKR & Co. L.P. during the second quarter worth about $136,000. Quantbot Technologies LP acquired a new position in shares of KKR & Co. L.P. during the third quarter worth about $139,000. Independent Advisor Alliance acquired a new position in shares of KKR & Co. L.P. during the fourth quarter worth about $139,000. Finally, TCI Wealth Advisors Inc. acquired a new position in shares of KKR & Co. L.P. during the third quarter worth about $143,000. Hedge funds and other institutional investors own 58.47% of the company’s stock.
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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