Beach Investment Counsel Inc. PA Lowers Stake in KKR & Co. L.P. (NYSE:KKR)

Beach Investment Counsel Inc. PA decreased its holdings in KKR & Co. L.P. (NYSE:KKR) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 463,657 shares of the asset manager’s stock after selling 4,235 shares during the quarter. Beach Investment Counsel Inc. PA owned approximately 0.10% of KKR & Co. L.P. worth $9,765,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Linscomb & Williams Inc. raised its position in shares of KKR & Co. L.P. by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 16,177 shares of the asset manager’s stock valued at $301,000 after purchasing an additional 53 shares in the last quarter. Laurel Wealth Advisors Inc. raised 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 in the last quarter. Advisory Services Network LLC raised its position in shares of KKR & Co. L.P. by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock valued at $119,000 after acquiring an additional 115 shares in the last quarter. Northern Trust Corp raised its position in shares of KKR & Co. L.P. by 0.4% during the 2nd quarter. Northern Trust Corp now owns 278,550 shares of the asset manager’s stock valued at $5,181,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of KKR & Co. L.P. by 2.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 65,189 shares of the asset manager’s stock valued at $1,213,000 after acquiring an additional 1,632 shares in the last quarter. Institutional investors and hedge funds own 64.96% of the company’s stock.

KKR & Co. L.P. (KKR) opened at $21.53 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $10,119.76, a PE ratio of 8.90, a PEG ratio of 0.64 and a beta of 1.55. KKR & Co. L.P. has a fifty-two week low of $16.77 and a fifty-two week high of $24.50.

KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.04). The company had revenue of $941.64 million for the quarter, compared to analyst estimates of $367.36 million. KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.53%. The business’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 EPS. analysts expect that KKR & Co. L.P. will post 2.56 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be issued a $0.17 dividend. This represents a yield of 0.00802265219443134%. The ex-dividend date of this dividend is Friday, February 16th. KKR & Co. L.P.’s dividend payout ratio (DPR) is currently 34.87%.

Several research firms recently issued reports on KKR. ValuEngine raised KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Jefferies Group restated 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. Sandler O’Neill set a $24.00 price target on KKR & Co. L.P. and gave the stock a “hold” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $28.00 price target on shares of KKR & Co. L.P. in a research note on Thursday, January 11th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $31.00 target price (up previously from $23.00) on shares of KKR & Co. L.P. in a research note on Wednesday, January 10th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. KKR & Co. L.P. has a consensus rating of “Buy” and a consensus target price of $24.30.

In other news, major shareholder Holdings L.P. Valueact acquired 450,000 shares of KKR & Co. L.P. stock in a transaction on Tuesday, February 6th. The stock was bought at an average price of $21.70 per share, for a total transaction of $9,765,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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KKR & Co. L.P. 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.

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

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