Ameriprise Financial Inc. cut its holdings in KKR & Co. L.P. (NYSE:KKR) by 7.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,107 shares of the asset manager’s stock after selling 7,870 shares during the period. Ameriprise Financial Inc.’s holdings in KKR & Co. L.P. were worth $1,769,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbour Capital Advisors LLC raised its holdings in shares of KKR & Co. L.P. by 1,760.0% in the second quarter. Harbour Capital Advisors LLC now owns 4,185 shares of the asset manager’s stock valued at $225,000 after purchasing an additional 3,960 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of KKR & Co. L.P. in the second quarter valued at approximately $205,000. FineMark National Bank & Trust raised its holdings in shares of KKR & Co. L.P. by 8.8% in the second quarter. FineMark National Bank & Trust now owns 11,204 shares of the asset manager’s stock valued at $208,000 after purchasing an additional 904 shares during the last quarter. Penserra Capital Management LLC raised its holdings in shares of KKR & Co. L.P. by 8.8% in the second quarter. Penserra Capital Management LLC now owns 13,096 shares of the asset manager’s stock valued at $243,000 after purchasing an additional 1,057 shares during the last quarter. Finally, Pennsylvania Trust Co acquired a new stake in shares of KKR & Co. L.P. in the second quarter valued at approximately $247,000. Institutional investors own 65.66% of the company’s stock.
In other KKR & Co. L.P. news, Director Robert W. Scully acquired 55,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $18.21 per share, with a total value of $1,001,550.00. Following the transaction, the director now directly owns 49,495 shares in the company, valued at $901,303.95. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley boosted their target price on shares of KKR & Co. L.P. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Zacks Investment Research downgraded shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Oppenheimer Holdings, Inc. boosted their target price on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. KKR & Co. L.P. presently has a consensus rating of “Buy” and an average price target of $21.80.
KKR & Co. L.P. (NYSE:KKR) opened at $20.02 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $9.35 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 0.63 and a beta of 1.54.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.61%. The business had revenue of $356.00 million for the quarter, compared to the consensus estimate of $314.80 million. During the same period in the prior year, the company earned $0.71 EPS. KKR & Co. L.P.’s quarterly revenue was up 29.0% on a year-over-year basis. equities analysts predict that KKR & Co. L.P. will post 2.43 EPS for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Investors of record on Monday, November 6th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, November 3rd. KKR & Co. L.P.’s dividend payout ratio is presently 34.34%.
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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