Schroder Investment Management Group cut its stake in KKR & Co. L.P. (NYSE:KKR) by 32.5% during the third quarter, Holdings Channel reports. The fund owned 27,132 shares of the company’s stock after selling 13,082 shares during the period. Schroder Investment Management Group’s holdings in KKR & Co. L.P. were worth $387,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Edge Wealth Management LLC boosted its position in shares of KKR & Co. L.P. by 155.6% in the third quarter. Edge Wealth Management LLC now owns 8,542 shares of the company’s stock valued at $122,000 after buying an additional 5,200 shares in the last quarter. FCG Advisors LLC bought a new position in shares of KKR & Co. L.P. during the second quarter valued at $136,000. Quantbot Technologies LP bought a new position in shares of KKR & Co. L.P. during the third quarter valued at $139,000. TCI Wealth Advisors Inc. bought a new position in shares of KKR & Co. L.P. during the third quarter valued at $143,000. Finally, NEXT Financial Group Inc boosted its position in shares of KKR & Co. L.P. by 18.7% in the third quarter. NEXT Financial Group Inc now owns 10,635 shares of the company’s stock valued at $152,000 after buying an additional 1,675 shares in the last quarter. Institutional investors own 58.78% of the company’s stock.
KKR & Co. L.P. (NYSE:KKR) traded up 0.88% during mid-day trading on Wednesday, hitting $17.14. The stock had a trading volume of 2,414,401 shares. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 56.38 and a beta of 1.64. The company has a 50 day moving average price of $16.38 and a 200-day moving average price of $14.81. KKR & Co. L.P. has a one year low of $10.89 and a one year high of $17.57.
KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.06. KKR & Co. L.P. had a net margin of 8.55% and a return on equity of 2.27%. The business earned $687.06 million during the quarter, compared to analysts’ expectations of $270.76 million. During the same period last year, the company posted ($0.37) EPS. Equities analysts expect that KKR & Co. L.P. will post $0.77 earnings per share for the current fiscal year.
KKR has been the topic of a number of recent analyst reports. Credit Suisse Group set a $18.00 price objective on KKR & Co. L.P. and gave the company a “buy” rating in a report on Monday, January 2nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating on shares of KKR & Co. L.P. in a report on Tuesday, December 20th. Zacks Investment Research cut KKR & Co. L.P. from a “buy” rating to a “hold” rating in a report on Thursday, January 12th. Jefferies Group reiterated a “buy” rating on shares of KKR & Co. L.P. in a report on Wednesday, October 12th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $17.50 price objective on shares of KKR & Co. L.P. in a report on Wednesday, October 26th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. KKR & Co. L.P. presently has a consensus rating of “Buy” and an average target price of $18.07.
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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