A number of other research analysts have also weighed in on the company. Zacks Investment Research raised KKR & Co. L.P. from a hold rating to a buy rating and set a $21.00 price objective on the stock in a report on Thursday, September 7th. Goldman Sachs Group raised KKR & Co. L.P. from a neutral rating to a buy rating in a report on Monday, October 16th. Sandler O’Neill initiated coverage on KKR & Co. L.P. in a report on Tuesday, November 28th. They issued a hold rating on the stock. Morgan Stanley increased their price objective on KKR & Co. L.P. from $20.00 to $21.00 and gave the company an equal weight rating in a research note on Thursday, October 5th. Finally, ValuEngine lowered KKR & Co. L.P. from a strong-buy rating to a buy rating in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $24.20.
Shares of KKR & Co. L.P. (NYSE KKR) opened at $23.03 on Wednesday. KKR & Co. L.P. has a 52 week low of $16.77 and a 52 week high of $23.32. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $18,860.00, a P/E ratio of 11.57, a PEG ratio of 0.67 and a beta of 1.52.
Institutional investors have recently added to or reduced their stakes in the company. 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. Stelac Advisory Services LLC purchased a new position in shares of KKR & Co. L.P. in the 3rd quarter worth about $119,000. 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. Synovus Financial Corp purchased a new position in shares of KKR & Co. L.P. in the 2nd quarter worth about $205,000. Finally, FinTrust Investment Advisory Services LLC purchased a new position in shares of KKR & Co. L.P. in the 3rd quarter worth about $239,000. Institutional investors own 64.95% of the company’s stock.
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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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