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.
TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for KKR & Co. L.P. (KKR) Lowered by Oppenheimer Holdings” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2017/10/28/fy2017-eps-estimates-for-kkr-co-l-p-kkr-lowered-by-oppenheimer-holdings.html.
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.
Receive News & Ratings for KKR & Co. L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. L.P. and related companies with MarketBeat.com's FREE daily email newsletter.