First Dallas Securities Inc. bought a new stake in KKR & Co. L.P. (NYSE:KKR) during the second quarter, Holdings Channel reports. The firm bought 14,750 shares of the company’s stock, valued at approximately $182,000.
Other hedge funds also recently added to or reduced their stakes in the company. Palo Capital Inc. bought a new stake in KKR & Co. L.P. during the second quarter valued at about $176,000. BlackRock Japan Co. Ltd raised its stake in KKR & Co. L.P. by 15.2% in the first quarter. BlackRock Japan Co. Ltd now owns 14,315 shares of the company’s stock valued at $210,000 after buying an additional 1,890 shares during the last quarter. BlackRock Fund Advisors raised its stake in KKR & Co. L.P. by 1.0% in the first quarter. BlackRock Fund Advisors now owns 14,725 shares of the company’s stock valued at $216,000 after buying an additional 140 shares during the last quarter. Carroll Financial Associates Inc. raised its stake in KKR & Co. L.P. by 58.3% in the second quarter. Carroll Financial Associates Inc. now owns 16,293 shares of the company’s stock valued at $201,000 after buying an additional 6,003 shares during the last quarter. Finally, Sigma Planning Corp raised its stake in KKR & Co. L.P. by 1.6% in the second quarter. Sigma Planning Corp now owns 17,300 shares of the company’s stock valued at $213,000 after buying an additional 272 shares during the last quarter.
Shares of KKR & Co. L.P. (NYSE:KKR) traded up 0.93% during trading on Wednesday, hitting $14.14. The stock had a trading volume of 1,003,842 shares. KKR & Co. L.P. has a 52 week low of $10.89 and a 52 week high of $19.20. The company’s market capitalization is $6.29 billion. The company’s 50 day moving average price is $14.71 and its 200 day moving average price is $13.84.
KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.18. The company earned $576.76 million during the quarter, compared to the consensus estimate of $271.50 million. The company’s revenue for the quarter was up 125.4% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. Analysts predict that KKR & Co. L.P. will post $0.48 earnings per share for the current year.
Several analysts recently issued reports on the company. Deutsche Bank AG reiterated a “hold” rating on shares of KKR & Co. L.P. in a report on Sunday, July 10th. Barclays PLC dropped their target price on KKR & Co. L.P. from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price (down previously from $21.00) on shares of KKR & Co. L.P. in a report on Monday, July 11th. Zacks Investment Research lowered KKR & Co. L.P. from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 29th. Finally, Vetr lowered KKR & Co. L.P. from a “buy” rating to a “hold” rating and set a $13.02 price objective on the stock. in a research note on Monday, July 18th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $18.03.
In related news, Director Robert W. Scully sold 168,400 shares of KKR & Co. L.P. stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $14.22, for a total value of $2,394,648.00. Following the sale, the director now owns 43,276 shares of the company’s stock, valued at approximately $615,384.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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.
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