KKR & Co. L.P. (NYSE:KKR) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of KKR & Co. L.P. (NYSE:KKR) from a sell rating to a hold rating in a research report sent to investors on Thursday, December 21st.

According to Zacks, “Kohlberg Kravis Roberts & Co. provides a range of asset management services to its investors and provides capital markets services to its firm, its portfolio companies and its clients. The Company operates private equity funds that take either controlling or strategic minority ownership positions for long-term appreciation; invests in leveraged loans, high-yield bonds and less liquid credit products; and, on behalf of portfolio companies, arranges equity and debt financing and offers capital market advice. Kohlberg Kravis Roberts & Co. is based at New York, New York. “

A number of other brokerages have also recently commented on KKR. Keefe, Bruyette & Woods reiterated a buy rating and issued a $27.00 target price on shares of KKR & Co. L.P. in a research report on Thursday, October 12th. TheStreet cut shares of KKR & Co. L.P. from a b rating to a c+ rating in a research report on Thursday, October 26th. ValuEngine upgraded shares of KKR & Co. L.P. from a buy rating to a strong-buy rating in a research report on Saturday, September 30th. Sandler O’Neill started coverage on shares of KKR & Co. L.P. in a research report on Tuesday, November 28th. They issued a hold rating on the stock. Finally, Goldman Sachs Group upgraded shares of KKR & Co. L.P. from a neutral rating to a buy rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $24.20.

KKR & Co. L.P. (KKR) opened at $23.08 on Thursday. The company has a market cap of $18,900.00, a price-to-earnings ratio of 11.60, a P/E/G ratio of 0.70 and a beta of 1.52. KKR & Co. L.P. has a 52-week low of $16.77 and a 52-week high of $23.32. 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 issued its earnings results on Thursday, October 26th. The asset manager reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). The business had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $314.80 million. KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. KKR & Co. L.P.’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. analysts forecast that KKR & Co. L.P. will post 2.43 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. ValueAct Holdings L.P. boosted its stake in shares of KKR & Co. L.P. by 811.1% during the 3rd quarter. ValueAct Holdings L.P. now owns 45,555,916 shares of the asset manager’s stock valued at $926,152,000 after purchasing an additional 40,555,916 shares in the last quarter. FMR LLC boosted its stake in shares of KKR & Co. L.P. by 2.0% during the 2nd quarter. FMR LLC now owns 41,515,622 shares of the asset manager’s stock valued at $772,191,000 after purchasing an additional 815,826 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of KKR & Co. L.P. by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 13,643,847 shares of the asset manager’s stock valued at $277,379,000 after purchasing an additional 718,278 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of KKR & Co. L.P. by 59.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,153,111 shares of the asset manager’s stock valued at $162,980,000 after purchasing an additional 3,024,201 shares in the last quarter. Finally, GMT Capital Corp boosted its stake in shares of KKR & Co. L.P. by 432.0% during the 2nd quarter. GMT Capital Corp now owns 4,893,300 shares of the asset manager’s stock valued at $90,771,000 after purchasing an additional 3,973,500 shares in the last quarter. 64.95% of the stock is currently owned by hedge funds and other institutional investors.

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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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