Shares of KKR & Co. L.P. (NYSE:KKR) have been assigned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock. Four investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.44.

A number of equities research analysts have recently commented on the company. Jefferies Group reiterated a “buy” rating on shares of KKR & Co. L.P. in a research note on Wednesday. Zacks Investment Research upgraded KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, September 28th. Barclays PLC set a $17.00 target price on KKR & Co. L.P. and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Vetr upgraded KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating and set a $17.38 target price on the stock in a research note on Wednesday, July 27th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $16.00 target price on shares of KKR & Co. L.P. in a research note on Wednesday, July 27th.

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

KKR & Co. L.P. (NYSE:KKR) last released its earnings results on Tuesday, July 26th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.18. The business had revenue of $576.76 million for the quarter, compared to the consensus estimate of $271.50 million. The company’s revenue for the quarter was up 125.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. On average, equities research analysts anticipate that KKR & Co. L.P. will post $0.50 earnings per share for the current fiscal year.

In other KKR & Co. L.P. news, Director Robert W. Scully sold 168,400 shares of KKR & Co. L.P. stock in a transaction dated 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 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 this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of KKR. Artemis Investment Management LLP raised its position 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 worth $88,844,000 after buying an additional 4,179,496 shares during the last quarter. Coronation Fund Managers Ltd. bought a new position in KKR & Co. L.P. during the second quarter worth $46,915,000. Capital Research Global Investors raised its position in 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. Wellington Management Group LLP raised its position in 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. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd raised its position in KKR & Co. L.P. by 103.2% in the second quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 4,631,954 shares of the company’s stock worth $57,158,000 after buying an additional 2,352,517 shares during the last quarter.

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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