Grand Jean Capital Management Inc. increased its position in KKR & Co. L.P. (NYSE:KKR) by 43.2% in the 4th quarter, HoldingsChannel reports. The fund owned 139,855 shares of the asset manager’s stock after buying an additional 42,205 shares during the quarter. KKR & Co. L.P. makes up about 1.0% of Grand Jean Capital Management Inc.’s holdings, making the stock its 24th largest holding. Grand Jean Capital Management Inc.’s holdings in KKR & Co. L.P. were worth $2,945,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Stelac Advisory Services LLC purchased a new stake in KKR & Co. L.P. during the 3rd quarter valued at approximately $119,000. Sterling Investment Advisors Ltd. grew its holdings in KKR & Co. L.P. by 470.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,700 shares of the asset manager’s stock valued at $120,000 after buying an additional 4,700 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in KKR & Co. L.P. by 48,800.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,824 shares of the asset manager’s stock valued at $165,000 after buying an additional 7,808 shares in the last quarter. Summit Securities Group LLC purchased a new stake in KKR & Co. L.P. during the 4th quarter valued at approximately $225,000. Finally, FinTrust Investment Advisory Services LLC purchased a new stake in KKR & Co. L.P. during the 3rd quarter valued at approximately $239,000. 65.67% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on KKR shares. Jefferies Group reaffirmed a “buy” rating and set a $26.00 price objective on shares of KKR & Co. L.P. in a report on Thursday, January 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $28.00 price objective on shares of KKR & Co. L.P. in a report on Thursday, January 11th. Sandler O’Neill set a $22.00 price objective on shares of KKR & Co. L.P. and gave the company a “hold” rating in a report on Friday, February 9th. TheStreet raised shares of KKR & Co. L.P. from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Finally, ValuEngine raised shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.30.
KKR & Co. L.P. (NYSE:KKR) opened at $21.96 on Monday. KKR & Co. L.P. has a fifty-two week low of $16.77 and a fifty-two week high of $24.50. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $10,690.14, a price-to-earnings ratio of 11.26, a P/E/G ratio of 0.66 and a beta of 1.55.
KKR & Co. L.P. (NYSE:KKR) last posted its earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.53%. The business had revenue of $941.64 million during the quarter, compared to analysts’ expectations of $367.36 million. During the same period last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 95.6% compared to the same quarter last year. research analysts predict that KKR & Co. L.P. will post 2.56 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a $0.17 dividend. This represents a dividend yield of 0.00802265219443134%. The ex-dividend date is Friday, February 16th. KKR & Co. L.P.’s dividend payout ratio (DPR) is presently 34.87%.
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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