York Capital Management Global Advisors LLC acquired a new stake in KKR & Co. L.P. (NYSE:KKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 522,167 shares of the asset manager’s stock, valued at approximately $10,997,000.
Several other institutional investors and hedge funds have also bought and sold shares of KKR. Northern Trust Corp boosted its position in shares of KKR & Co. L.P. by 0.4% in the second 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 boosted its position in shares of KKR & Co. L.P. by 16.7% in the third 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 boosted its position in shares of KKR & Co. L.P. by 59.4% in the third 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. Bridgecreek Investment Management LLC bought a new stake in shares of KKR & Co. L.P. in the third quarter valued at approximately $1,663,000. Finally, GVO Asset Management Ltd boosted its position in shares of KKR & Co. L.P. by 55.3% in the third 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. 68.20% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the company. ValuEngine cut KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Credit Suisse Group reissued an “outperform” rating and issued a $31.00 price objective (up from $23.00) on shares of KKR & Co. L.P. in a research report on Wednesday, January 10th. They noted that the move was a valuation call. Deutsche Bank increased their price objective on KKR & Co. L.P. from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Sandler O’Neill set a $22.00 target price on KKR & Co. L.P. and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, TheStreet raised KKR & Co. L.P. from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.30.
Shares of KKR & Co. L.P. (KKR) traded up $0.07 during mid-day trading on Monday, reaching $22.78. The company had a trading volume of 98,617 shares, compared to its average volume of 3,137,368. The company has a market capitalization of $18,690.00, a PE ratio of 10.67, a P/E/G ratio of 0.69 and a beta of 1.58. KKR & Co. L.P. has a 52-week low of $16.77 and a 52-week high of $24.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.08.
KKR & Co. L.P. (NYSE:KKR) last issued its earnings results on Thursday, February 8th. The asset manager reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). The firm had revenue of $941.64 million during the quarter, compared to the consensus estimate of $367.36 million. KKR & Co. L.P. had a return on equity of 9.34% and a net margin of 30.52%. The firm’s revenue for the quarter was up 95.6% compared to the same quarter last year. During the same period last year, the business earned $0.40 earnings per share. research analysts anticipate that KKR & Co. L.P. will post 2.54 EPS for the current fiscal year.
The business 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 was Friday, February 16th. This represents a dividend yield of 0.00802265219443134%. KKR & Co. L.P.’s payout ratio is presently 31.78%.
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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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