KKR & Co. L.P. (KKR) Shares Sold by 22Nw LP

22Nw LP lessened its holdings in KKR & Co. L.P. (NYSE:KKR) by 32.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,780 shares of the asset manager’s stock after selling 36,000 shares during the period. 22Nw LP’s holdings in KKR & Co. L.P. were worth $1,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbour Capital Advisors LLC raised its holdings in shares of KKR & Co. L.P. by 1,760.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 4,185 shares of the asset manager’s stock worth $225,000 after purchasing an additional 3,960 shares during the period. Stelac Advisory Services LLC bought a new stake in shares of KKR & Co. L.P. in the 3rd quarter worth approximately $119,000. Advisory Services Network LLC raised its holdings in shares of KKR & Co. L.P. by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after purchasing an additional 115 shares during the period. Laurel Wealth Advisors Inc. raised its holdings 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 worth $203,000 after purchasing an additional 67 shares during the period. Finally, Synovus Financial Corp bought a new stake in shares of KKR & Co. L.P. in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 65.21% of the company’s stock.

Shares of KKR & Co. L.P. (KKR) traded down $0.37 during mid-day trading on Wednesday, reaching $19.58. 1,678,600 shares of the company’s stock were exchanged, compared to its average volume of 2,775,709. 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. has a 1-year low of $15.30 and a 1-year high of $20.76. The company has a market cap of $15,900.00, a PE ratio of 8.67, a price-to-earnings-growth ratio of 0.63 and a beta of 1.51.

KKR & Co. L.P. (NYSE:KKR) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.39%. The business had revenue of $356.00 million for the quarter, compared to the consensus estimate of $314.80 million. During the same period in the previous year, the firm earned $0.71 EPS. The company’s revenue was up 29.0% compared to the same quarter last year. analysts forecast that KKR & Co. L.P. will post 2.43 EPS for the current fiscal year.

The firm also recently announced a dividend, which was paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 3rd. KKR & Co. L.P.’s payout ratio is 34.17%.

KKR has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of KKR & Co. L.P. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. BidaskClub cut shares of KKR & Co. L.P. from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Thursday, September 7th. ValuEngine cut shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a report on Friday, September 8th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $27.00 target price on shares of KKR & Co. L.P. in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $22.33.

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

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