Sandler O’Neill Analysts Give KKR & Co. L.P. (KKR) a $22.00 Price Target

Sandler O’Neill set a $22.00 price target on KKR & Co. L.P. (NYSE:KKR) in a research note released on Friday morning. The firm currently has a hold rating on the asset manager’s stock.

KKR has been the topic of a number of other reports. TheStreet upgraded shares of KKR & Co. L.P. from a c+ rating to a b- rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a buy rating and set a $27.00 price target on shares of KKR & Co. L.P. in a research note on Thursday, October 12th. Goldman Sachs Group upgraded shares of KKR & Co. L.P. from a neutral rating to a buy rating in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a sell rating to a hold rating in a research note on Thursday, December 21st. Finally, Deutsche Bank upped their target price on shares of KKR & Co. L.P. from $22.00 to $23.00 and gave the stock a hold rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. KKR & Co. L.P. has a consensus rating of Buy and a consensus price target of $24.30.

Shares of KKR & Co. L.P. (NYSE:KKR) opened at $21.19 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $10,119.76, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.55. KKR & Co. L.P. has a one year low of $16.77 and a one year high of $24.50.

KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.04). The business had revenue of $941.64 million for the quarter, compared to analysts’ expectations of $367.36 million. KKR & Co. L.P. had a return on equity of 9.53% and a net margin of 30.52%. The firm’s revenue for the quarter was up 95.6% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. sell-side analysts anticipate that KKR & Co. L.P. will post 2.56 EPS for the current fiscal year.

The company also recently announced a dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, February 16th. This represents a dividend yield of 0.00802265219443134%. KKR & Co. L.P.’s payout ratio is 34.87%.

In other news, major shareholder Holdings L.P. Valueact bought 450,000 shares of the business’s stock in a transaction that occurred 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors have recently made changes to their positions in KKR. Advisory Services Network LLC increased its stake in KKR & Co. L.P. by 1.8% in the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock valued at $119,000 after purchasing an additional 115 shares during the last quarter. Stelac Advisory Services LLC purchased a new position in KKR & Co. L.P. in the third quarter valued at approximately $119,000. Sterling Investment Advisors Ltd. increased its stake in KKR & Co. L.P. by 470.0% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,700 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 4,700 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in KKR & Co. L.P. by 48,800.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,824 shares of the asset manager’s stock valued at $165,000 after purchasing an additional 7,808 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in KKR & Co. L.P. in the fourth quarter valued at approximately $225,000. Institutional investors own 64.96% of the company’s stock.

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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.

Analyst Recommendations for KKR & Co. L.P. (NYSE:KKR)

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