A number of other institutional investors also recently added to or reduced their stakes in the company. Opera Trading Capital bought a new position in KKR & Co. L.P. during the second quarter worth about $2,418,000. Bollard Group LLC bought a new position in KKR & Co. L.P. during the second quarter worth about $4,892,000. North Star Investment Management Corp. increased its position in KKR & Co. L.P. by 20.5% in the second quarter. North Star Investment Management Corp. now owns 249,713 shares of the asset manager’s stock worth $4,645,000 after buying an additional 42,568 shares during the last quarter. Trust Co. of Vermont increased its position in KKR & Co. L.P. by 125.6% in the second quarter. Trust Co. of Vermont now owns 22,700 shares of the asset manager’s stock worth $422,000 after buying an additional 12,640 shares during the last quarter. Finally, Pennsylvania Trust Co bought a new position in KKR & Co. L.P. during the second quarter worth about $247,000. 75.53% of the stock is owned by institutional investors.
Guardian Investment Management continued to hold its position in KKR & Co. L.P. (NYSE:KKR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,500 shares of the asset manager’s stock at the end of the second quarter. Guardian Investment Management’s holdings in KKR & Co. L.P. were worth $344,000 as of its most recent SEC filing.
Shares of KKR & Co. L.P. (KKR) traded down 0.46% on Wednesday, reaching $19.37. 2,779,871 shares of the company were exchanged. KKR & Co. L.P. has a 52 week low of $13.57 and a 52 week high of $20.34. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 8.30 and a beta of 1.53. The firm’s 50 day moving average price is $18.89 and its 200 day moving average price is $18.28.
KKR & Co. L.P. (NYSE:KKR) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.89 EPS for the quarter, topping the consensus estimate of $0.63 by $0.26. The company had revenue of $365.16 million for the quarter, compared to analyst estimates of $300.74 million. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.84%. During the same period in the previous year, the firm earned $0.19 EPS. Equities research analysts anticipate that KKR & Co. L.P. will post $2.30 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.68 annualized dividend and a dividend yield of 3.49%. KKR & Co. L.P.’s payout ratio is currently 28.22%.
A number of brokerages have weighed in on KKR. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Tuesday, July 18th. Oppenheimer Holdings, Inc. upped their price objective on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. BidaskClub upgraded shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley restated an “equal weight” rating and issued a $19.00 price objective (up previously from $18.00) on shares of KKR & Co. L.P. in a report on Monday, July 10th. Finally, Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a report on Friday, June 30th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.91.
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.