FY2017 EPS Estimates for KKR & Co. L.P. (KKR) Lowered by Oppenheimer Holdings

KKR & Co. L.P. (NYSE:KKR) – Research analysts at Oppenheimer Holdings decreased their FY2017 EPS estimates for shares of KKR & Co. L.P. in a research note issued on Monday. Oppenheimer Holdings analyst C. Kotowski now expects that the asset manager will post earnings of $2.82 per share for the year, down from their prior estimate of $2.85. Oppenheimer Holdings currently has a “Outperform” rating and a $27.00 price target on the stock.

KKR & Co. L.P. (NYSE:KKR) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.26. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. The company had revenue of $365.16 million for the quarter, compared to the consensus estimate of $300.74 million. During the same period in the previous year, the firm earned $0.19 earnings per share.

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Other research analysts have also issued research reports about the stock. Morgan Stanley raised their price target on shares of KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. ValuEngine raised shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 30th. Zacks Investment Research downgraded shares of KKR & Co. L.P. from a “buy” rating to a “sell” rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $27.00 price target on shares of KKR & Co. L.P. in a research report on Thursday, October 12th. Finally, Goldman Sachs Group, Inc. (The) raised shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. KKR & Co. L.P. currently has an average rating of “Buy” and an average price target of $21.80.

Shares of KKR & Co. L.P. (KKR) opened at 20.22 on Thursday. The firm’s 50 day moving average is $19.50 and its 200-day moving average is $18.79. The firm has a market capitalization of $9.50 billion, a PE ratio of 8.66 and a beta of 1.53. KKR & Co. L.P. has a 12 month low of $13.58 and a 12 month high of $20.64.

A number of institutional investors and hedge funds have recently bought and sold shares of KKR. Ameriprise Financial Inc. lifted its holdings in KKR & Co. L.P. by 1.6% in the 1st quarter. Ameriprise Financial Inc. now owns 102,977 shares of the asset manager’s stock worth $1,886,000 after purchasing an additional 1,602 shares during the last quarter. Investment Centers of America Inc. acquired a new stake in KKR & Co. L.P. in the 1st quarter worth approximately $184,000. 10 15 Associates Inc. lifted its holdings in KKR & Co. L.P. by 3.6% in the 1st quarter. 10 15 Associates Inc. now owns 423,518 shares of the asset manager’s stock worth $7,720,000 after purchasing an additional 14,898 shares during the last quarter. First Financial Equity Corporation acquired a new stake in KKR & Co. L.P. in the 1st quarter worth approximately $209,000. Finally, Adalta Capital Management LLC acquired a new stake in KKR & Co. L.P. in the 1st quarter worth approximately $673,000. Hedge funds and other institutional investors own 65.12% of the company’s stock.

In related news, Director Robert W. Scully bought 55,000 shares of KKR & Co. L.P. stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $18.21 per share, for a total transaction of $1,001,550.00. Following the acquisition, the director now 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 accessible through the SEC website.

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.

Earnings History and Estimates for KKR & Co. L.P. (NYSE:KKR)

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