Lyell Wealth Management LP decreased its position in shares of KKR & Co. L.P. (NYSE:KKR) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,000 shares of the asset manager’s stock after selling 5,900 shares during the period. Lyell Wealth Management LP’s holdings in KKR & Co. L.P. were worth $821,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Sterling Investment Advisors Ltd. increased its position in KKR & Co. L.P. by 470.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,700 shares of the asset manager’s stock worth $120,000 after buying an additional 4,700 shares during the period. Stelac Advisory Services LLC bought a new position in KKR & Co. L.P. during the 3rd quarter worth $119,000. Advisory Services Network LLC increased its position in 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 worth $119,000 after buying an additional 115 shares during the period. Laurel Wealth Advisors Inc. increased its position in shares of KKR & Co. L.P. by 0.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock worth $203,000 after purchasing an additional 67 shares during the period. Finally, FinTrust Investment Advisory Services LLC bought a new position in shares of KKR & Co. L.P. in the third quarter worth $239,000. Hedge funds and other institutional investors own 64.96% of the company’s stock.
In other KKR & Co. L.P. news, major shareholder Holdings L.P. Valueact acquired 450,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were acquired at an average price of $21.70 per share, with a total value of $9,765,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of KKR & Co. L.P. (NYSE KKR) traded up $0.20 during trading on Wednesday, reaching $21.45. The company had a trading volume of 3,876,905 shares, compared to its average volume of 3,453,780. KKR & Co. L.P. has a 1-year low of $16.77 and a 1-year high of $24.50. The company has a market capitalization of $17,400.00, a P/E ratio of 11.01, a P/E/G ratio of 0.65 and a beta of 1.55. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.04). KKR & Co. L.P. had a return on equity of 9.53% and a net margin of 30.52%. The company had revenue of $941.64 million for the quarter, compared to the consensus estimate of $367.36 million. During the same quarter last year, the company posted $0.40 EPS. The company’s quarterly revenue was up 95.6% compared to the same quarter last year. sell-side analysts anticipate that KKR & Co. L.P. will post 2.56 EPS for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a yield of 0.00802265219443134%. KKR & Co. L.P.’s dividend payout ratio is currently 34.87%.
KKR has been the topic of a number of recent research reports. ValuEngine raised KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Jefferies Group reaffirmed a “buy” rating and issued 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 objective 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 reissued an “outperform” rating and issued a $31.00 price target (up 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 analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. KKR & Co. L.P. has a consensus rating of “Buy” and an average target price of $24.30.
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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.
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