Sterling Capital Management LLC Boosts Stake in KKR & Co. L.P. (KKR)

Sterling Capital Management LLC increased its holdings in KKR & Co. L.P. (NYSE:KKR) by 22.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,800 shares of the asset manager’s stock after purchasing an additional 3,800 shares during the quarter. Sterling Capital Management LLC’s holdings in KKR & Co. L.P. were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Linscomb & Williams Inc. increased its position in shares of KKR & Co. L.P. by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 16,177 shares of the asset manager’s stock valued at $301,000 after acquiring an additional 53 shares during the period. Laurel Wealth Advisors Inc. raised its holdings in KKR & Co. L.P. by 0.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock worth $203,000 after buying an additional 67 shares during the last quarter. Freestone Capital Holdings LLC raised its holdings in KKR & Co. L.P. by 0.7% in the second quarter. Freestone Capital Holdings LLC now owns 13,951 shares of the asset manager’s stock worth $259,000 after buying an additional 101 shares during the last quarter. Advisory Services Network LLC raised its holdings in KKR & Co. L.P. by 1.8% in the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after buying an additional 115 shares during the last quarter. Finally, Stephens Inc. AR raised its holdings in KKR & Co. L.P. by 0.3% in the second quarter. Stephens Inc. AR now owns 307,887 shares of the asset manager’s stock worth $5,727,000 after buying an additional 1,003 shares during the last quarter. Institutional investors own 64.95% of the company’s stock.

KKR & Co. L.P. (NYSE KKR) opened at $21.15 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a 1-year low of $15.30 and a 1-year high of $21.39. The stock has a market cap of $17,320.00, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.66 and a beta of 1.51.

KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The business had revenue of $356.00 million for the quarter, compared to analysts’ expectations of $314.80 million. During the same period in the prior year, the business posted $0.71 earnings per share. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. equities analysts anticipate that KKR & Co. L.P. will post 2.44 earnings per share for the current year.

KKR has been the subject of several research reports. Zacks Investment Research raised shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday, September 7th. Goldman Sachs Group upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research report on Monday, October 16th. Sandler O’Neill started coverage on shares of KKR & Co. L.P. in a research report on Tuesday, November 28th. They issued a “hold” rating for the company. Morgan Stanley upped their price target on shares of KKR & Co. L.P. from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Finally, ValuEngine lowered shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $22.33.

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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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Institutional Ownership by Quarter for KKR & Co. L.P. (NYSE:KKR)

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