Renaissance Technologies LLC decreased its holdings in shares of KKR & Co. L.P. (NYSE:KKR) by 29.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,189,351 shares of the asset manager’s stock after selling 1,327,299 shares during the period. Renaissance Technologies LLC’s holdings in KKR & Co. L.P. were worth $67,168,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. P.A.W. Capital Corp bought a new stake in KKR & Co. L.P. during the fourth quarter valued at $632,000. ValueAct Holdings L.P. boosted its stake in KKR & Co. L.P. by 811.1% during the third quarter. ValueAct Holdings L.P. now owns 45,555,916 shares of the asset manager’s stock valued at $926,152,000 after buying an additional 40,555,916 shares during the period. SMH Capital Advisors Inc. bought a new stake in KKR & Co. L.P. during the fourth quarter valued at $790,000. GVO Asset Management Ltd boosted its stake in KKR & Co. L.P. by 55.3% during the third quarter. GVO Asset Management Ltd now owns 591,650 shares of the asset manager’s stock valued at $12,028,000 after buying an additional 210,750 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in KKR & Co. L.P. by 59.0% during the third quarter. JPMorgan Chase & Co. now owns 8,153,111 shares of the asset manager’s stock valued at $162,980,000 after buying an additional 3,024,201 shares during the period. 68.20% of the stock is owned by institutional investors.
Shares of KKR & Co. L.P. (NYSE:KKR) opened at $22.69 on Tuesday. 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. has a 52 week low of $16.77 and a 52 week high of $24.50. The stock has a market capitalization of $11,055.24, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.69 and a beta of 1.59.
The company also recently declared a dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.17 per share. This represents a yield of 0.00802265219443134%. The ex-dividend date of this dividend was Friday, February 16th. KKR & Co. L.P.’s dividend payout ratio (DPR) is currently 34.87%.
In other news, major shareholder Holdings L.P. Valueact purchased 450,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $21.70 per share, with a total value of $9,765,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
KKR has been the subject of several research analyst reports. Jefferies Group reissued a “buy” rating and set a $26.00 price objective on shares of KKR & Co. L.P. in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.00 price objective on shares of KKR & Co. L.P. in a research note on Thursday, January 11th. Sandler O’Neill set a $22.00 price objective on KKR & Co. L.P. and gave the company a “hold” rating in a research note on Friday, February 9th. ValuEngine lowered KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, TheStreet raised KKR & Co. L.P. from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. KKR & Co. L.P. has a consensus rating of “Hold” and an average price target of $24.30.
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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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