KKR & Co. L.P. (NYSE:KKR) – Analysts at Oppenheimer Holdings lifted their FY2016 earnings per share (EPS) estimates for KKR & Co. L.P. in a research report issued on Wednesday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the brokerage will post earnings of $0.79 per share for the year, up from their previous estimate of $0.66.

KKR & Co. L.P. (NYSE:KKR) last released its earnings results on Tuesday, July 26th. The company reported $0.23 earnings per share (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 analyst estimates of $271.50 million. During the same period in the prior year, the business posted $0.88 earnings per share. KKR & Co. L.P.’s revenue was up 125.4% on a year-over-year basis.

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

Other equities research analysts also recently issued research reports about the stock. Vetr downgraded shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating and set a $13.45 price objective for the company. in a report on Thursday, July 7th. Wells Fargo & Co. reissued a “buy” rating and issued a $16.00 price target on shares of KKR & Co. L.P. in a report on Thursday, July 14th. Credit Suisse Group AG reissued a “buy” rating and issued a $16.00 price target on shares of KKR & Co. L.P. in a report on Wednesday, July 27th. Jefferies Group upped their price target on shares of KKR & Co. L.P. from $15.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Finally, Barclays PLC set a $17.00 price target on shares of KKR & Co. L.P. and gave the company a “buy” rating in a report on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. KKR & Co. L.P. presently has an average rating of “Buy” and an average price target of $17.88.

Shares of KKR & Co. L.P. (NYSE:KKR) opened at 13.75 on Friday. The firm’s market capitalization is $6.12 billion. KKR & Co. L.P. has a 52-week low of $10.89 and a 52-week high of $19.20. The company has a 50 day moving average of $14.45 and a 200 day moving average of $13.82.

In other news, Director Robert W. Scully sold 168,400 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $14.22, for a total value of $2,394,648.00. Following the transaction, the director now owns 43,276 shares in the company, valued at approximately $615,384.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of KKR & Co. L.P. by 0.3% in the first quarter. Royal Bank of Canada now owns 888,903 shares of the company’s stock worth $13,058,000 after buying an additional 2,664 shares in the last quarter. Goldentree Asset Management LP acquired a new position in shares of KKR & Co. L.P. during the first quarter worth $1,920,000. Legal & General Group Plc increased its position in shares of KKR & Co. L.P. by 29.2% in the first quarter. Legal & General Group Plc now owns 928,930 shares of the company’s stock worth $13,618,000 after buying an additional 209,817 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of KKR & Co. L.P. by 22.1% in the first quarter. Renaissance Technologies LLC now owns 1,270,550 shares of the company’s stock worth $18,664,000 after buying an additional 229,613 shares in the last quarter. Finally, Dodge & Cox acquired a new position in shares of KKR & Co. L.P. during the first quarter worth $338,000.

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.

5 Day Chart for NYSE:KKR

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