Oxbow Advisors LLC boosted its stake in KKR & Co. L.P. (NYSE:KKR) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,777 shares of the asset manager’s stock after acquiring an additional 6,645 shares during the period. Oxbow Advisors LLC’s holdings in KKR & Co. L.P. were worth $4,376,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ValueAct Holdings L.P. increased its stake in shares of 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 worth $926,152,000 after acquiring an additional 40,555,916 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 worth $162,980,000 after buying an additional 3,024,201 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in KKR & Co. L.P. by 209.6% during the second quarter. Renaissance Technologies LLC now owns 2,184,950 shares of the asset manager’s stock worth $40,640,000 after buying an additional 1,479,300 shares in the last quarter. Alkeon Capital Management LLC boosted its holdings in KKR & Co. L.P. by 44.3% during the third quarter. Alkeon Capital Management LLC now owns 2,394,352 shares of the asset manager’s stock worth $48,678,000 after buying an additional 735,000 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in KKR & Co. L.P. by 5.6% during the third quarter. Principal Financial Group Inc. now owns 13,643,847 shares of the asset manager’s stock worth $277,379,000 after buying an additional 718,278 shares in the last quarter. Institutional investors own 64.96% of the company’s stock.
KKR & Co. L.P. (NYSE KKR) traded up $0.19 on Wednesday, reaching $21.44. 3,796,149 shares of the company were exchanged, compared to its average volume of 3,453,171. The firm has a market cap of $17,400.00, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 0.65 and a beta of 1.55. KKR & Co. L.P. has a 1-year low of $16.77 and a 1-year high of $24.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03.
KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.04). The firm 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%. KKR & Co. L.P.’s revenue for the quarter was up 95.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. analysts forecast that KKR & Co. L.P. will post 2.56 earnings per share for the current year.
The business also recently disclosed a dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.17 per share. 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 (DPR) is 34.87%.
In related 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 shares were purchased at an average cost of $21.70 per share, for a total transaction of $9,765,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.
Several analysts have issued reports on KKR shares. Sandler O’Neill began coverage on shares of KKR & Co. L.P. in a research note on Tuesday, November 28th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $28.00 price target on shares of KKR & Co. L.P. in a research report on Thursday, January 11th. TheStreet lowered shares of KKR & Co. L.P. from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, Jefferies Group reaffirmed a “buy” rating and set a $26.00 price target on shares of KKR & Co. L.P. in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price 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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