Private Wealth Partners LLC lowered its stake in KKR & Co. L.P. (NYSE:KKR) by 10.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 286,309 shares of the company’s stock after selling 31,700 shares during the period. Private Wealth Partners LLC’s holdings in KKR & Co. L.P. were worth $3,533,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of KKR. Alps Advisors Inc. boosted its stake in shares of KKR & Co. L.P. by 36.9% in the second quarter. Alps Advisors Inc. now owns 425,829 shares of the company’s stock valued at $5,255,000 after buying an additional 114,780 shares during the period. Calamos Advisors LLC raised its stake in KKR & Co. L.P. by 130.9% in the second quarter. Calamos Advisors LLC now owns 134,578 shares of the company’s stock valued at $1,661,000 after buying an additional 76,299 shares during the last quarter. First Dallas Securities Inc. bought a new stake in KKR & Co. L.P. during the second quarter valued at $182,000. Artemis Investment Management LLP raised its stake in KKR & Co. L.P. by 138.5% in the second quarter. Artemis Investment Management LLP now owns 7,196,826 shares of the company’s stock valued at $88,844,000 after buying an additional 4,179,496 shares during the last quarter. Finally, NewSquare Capital LLC raised its stake in KKR & Co. L.P. by 18.7% in the second quarter. NewSquare Capital LLC now owns 53,340 shares of the company’s stock valued at $658,000 after buying an additional 8,394 shares during the last quarter.
Shares of KKR & Co. L.P. (NYSE:KKR) traded up 0.07% during midday trading on Monday, reaching $14.27. The company had a trading volume of 1,314,018 shares. The company’s market capitalization is $6.35 billion. The company’s 50 day moving average price is $14.66 and its 200-day moving average price is $13.84. KKR & Co. L.P. has a 52 week low of $10.89 and a 52 week high of $19.20.
KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.18. The company had revenue of $576.76 million for the quarter, compared to analyst estimates of $271.50 million. The business’s quarterly revenue was up 125.4% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. On average, equities research analysts predict that KKR & Co. L.P. will post $0.48 earnings per share for the current fiscal year.
Several analysts recently weighed in on the company. Zacks Investment Research lowered KKR & Co. L.P. from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 29th. Vetr lowered KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating and set a $14.18 price target on the stock. in a report on Monday, June 13th. Barclays PLC increased their price target on KKR & Co. L.P. from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.00 price target (down previously from $21.00) on shares of KKR & Co. L.P. in a report on Monday, July 11th. Finally, Credit Suisse Group AG assumed coverage on KKR & Co. L.P. in a report on Thursday, July 7th. They set an “outperform” rating and a $16.00 price target on the stock. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.88.
In other KKR & Co. L.P. news, Director Robert W. Scully sold 168,400 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $14.22, for a total transaction of $2,394,648.00. Following the transaction, the director now owns 43,276 shares of the company’s stock, valued at $615,384.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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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