KKR & Co. L.P. (NYSE:KKR) - Analysts at Oppenheimer Holdings increased their FY2018 earnings per share (EPS) estimates for shares of KKR & Co. L.P. in a research note issued to investors on Thursday. Oppenheimer Holdings analyst C. Kotowski now expects that the asset manager will earn $2.77 per share for the year, up from their previous forecast of $2.68. Oppenheimer Holdings has a “Outperform” rating and a $27.00 price objective on the stock.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.26. The firm had revenue of $365.16 million during the quarter, compared to analyst estimates of $300.74 million. KKR & Co. L.P. had a return on equity of 11.84% and a net margin of 42.48%. During the same period in the previous year, the company earned $0.19 earnings per share.
A number of other equities research analysts have also recently issued reports on the stock. Citigroup Inc. cut shares of KKR & Co. L.P. from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.50 to $19.00 in a report on Monday, April 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $23.00 price objective on shares of KKR & Co. L.P. in a research report on Tuesday, May 30th. TheStreet raised shares of KKR & Co. L.P. from a “c” rating to a “b” rating in a research report on Thursday, April 27th. JMP Securities reaffirmed an “outperform” rating and set a $25.00 price objective on shares of KKR & Co. L.P. in a research report on Monday, May 1st. Finally, Deutsche Bank AG upped their price objective on shares of KKR & Co. L.P. from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. KKR & Co. L.P. presently has an average rating of “Buy” and a consensus target price of $20.91.
Shares of KKR & Co. L.P. (NYSE:KKR) traded up 1.08% during mid-day trading on Monday, reaching $19.59. The company had a trading volume of 2,002,519 shares. KKR & Co. L.P. has a 52-week low of $13.57 and a 52-week high of $20.34. The company’s 50-day moving average price is $18.87 and its 200-day moving average price is $18.27. The company has a market capitalization of $9.21 billion, a PE ratio of 8.39 and a beta of 1.53.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in KKR & Co. L.P. during the first quarter valued at about $195,000. Dubuque Bank & Trust Co. acquired a new position in KKR & Co. L.P. during the first quarter valued at about $314,000. Chickasaw Capital Management LLC raised its position in KKR & Co. L.P. by 19.5% in the first quarter. Chickasaw Capital Management LLC now owns 182,725 shares of the asset manager’s stock valued at $3,331,000 after buying an additional 29,835 shares during the period. First Manhattan Co. raised its position in KKR & Co. L.P. by 3,070.0% in the first quarter. First Manhattan Co. now owns 31,700 shares of the asset manager’s stock valued at $452,000 after buying an additional 30,700 shares during the period. Finally, Guardian Investment Management acquired a new position in KKR & Co. L.P. during the first quarter valued at about $337,000. 75.53% of the stock is owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Monday, August 7th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, August 3rd. KKR & Co. L.P.’s dividend payout ratio (DPR) is presently 28.22%.
KKR & Co. L.P. Company 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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