MPI Investment Management Inc. bought a new stake in shares of KKR & Co. L.P. (NYSE:KKR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,710 shares of the asset manager’s stock, valued at approximately $647,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Advisory Services Network LLC boosted its position in shares of KKR & Co. L.P. by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock valued at $119,000 after purchasing an additional 115 shares during the period. Stelac Advisory Services LLC acquired a new position in shares of KKR & Co. L.P. in the 3rd quarter valued at $119,000. Sterling Investment Advisors Ltd. boosted its position in shares of KKR & Co. L.P. by 470.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,700 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 4,700 shares during the period. Laurel Wealth Advisors Inc. boosted its position in shares of KKR & Co. L.P. by 0.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock valued at $203,000 after purchasing an additional 67 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of KKR & Co. L.P. in the 4th quarter valued at $225,000. 64.91% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on KKR. Credit Suisse Group reiterated an “outperform” rating and issued a $31.00 price target (up previously 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. Jefferies Group reiterated a “buy” rating and issued a $26.00 price target on shares of KKR & Co. L.P. in a research report on Thursday, January 11th. ValuEngine upgraded KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Sandler O’Neill began coverage on KKR & Co. L.P. in a research report on Tuesday, November 28th. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $28.00 price target on shares of KKR & Co. L.P. in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.20.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.08). The business had revenue of $941.64 million during the quarter, compared to analysts’ expectations of $367.36 million. KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The firm’s revenue was up 95.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. analysts predict that KKR & Co. L.P. will post 2.41 earnings per share for the current year.
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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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