KKR & Co. L.P. (NYSE:KKR) – Jefferies Group raised their Q3 2016 earnings estimates for shares of KKR & Co. L.P. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst G. O’hara now expects that the brokerage will post earnings of $0.59 per share for the quarter, up from their previous forecast of $0.51. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for KKR & Co. L.P.’s FY2017 earnings at $2.22 EPS.

A number of other equities research analysts have also issued reports on KKR. Vetr upgraded KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating and set a $14.18 price target for the company in a research note on Monday, June 20th. Zacks Investment Research lowered KKR & Co. L.P. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG initiated coverage on KKR & Co. L.P. in a research note on Thursday, July 7th. They issued an “outperform” rating and a $16.00 price target for the company. Barclays PLC cut their price target on KKR & Co. L.P. from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.00 price target (down previously from $21.00) on shares of KKR & Co. L.P. in a research note on Monday, July 11th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. KKR & Co. L.P. presently has a consensus rating of “Buy” and a consensus price target of $17.88.

Earnings History and Estimates for KKR & Co. L.P. (NYSE:KKR)

KKR & Co. L.P. (NYSE:KKR) opened at 13.75 on Thursday. The stock has a 50 day moving average price of $14.45 and a 200 day moving average price of $13.82. KKR & Co. L.P. has a 12-month low of $10.89 and a 12-month high of $19.20. The stock’s market cap is $6.12 billion.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.18. The company earned $576.76 million during the quarter, compared to analysts’ expectations of $271.50 million. The firm’s quarterly revenue was up 125.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 EPS.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in shares of KKR & Co. L.P. by 38.9% in the first quarter. Wellington Management Group LLP now owns 9,344,724 shares of the company’s stock worth $137,274,000 after buying an additional 2,618,430 shares during the last quarter. Capital Research Global Investors increased its position in shares of KKR & Co. L.P. by 44.0% in the second quarter. Capital Research Global Investors now owns 9,000,000 shares of the company’s stock worth $111,060,000 after buying an additional 2,748,911 shares during the last quarter. Artemis Investment Management LLP increased its position in shares of 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 worth $88,844,000 after buying an additional 4,179,496 shares during the last quarter. Edge Asset Management Inc. increased its position in shares of KKR & Co. L.P. by 19.7% in the second quarter. Edge Asset Management Inc. now owns 5,625,023 shares of the company’s stock worth $69,413,000 after buying an additional 925,780 shares during the last quarter. Finally, UBS Group AG increased its position in shares of KKR & Co. L.P. by 4.7% in the first quarter. UBS Group AG now owns 5,004,235 shares of the company’s stock worth $73,513,000 after buying an additional 222,563 shares during the last quarter.

In other KKR & Co. L.P. news, Director Robert W. Scully sold 168,400 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $14.22, for a total transaction of $2,394,648.00. Following the completion of the transaction, 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 can be accessed through the SEC website.

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.

5 Day Chart for NYSE:KKR

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