KKR & Co. L.P. (NYSE:KKR) – Stock analysts at Oppenheimer Holdings increased their Q3 2016 earnings per share (EPS) estimates for shares of KKR & Co. L.P. in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the firm will earn $0.66 per share for the quarter, up from their previous forecast of $0.54. Oppenheimer Holdings also issued estimates for KKR & Co. L.P.’s Q4 2016 earnings at $0.57 EPS.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank AG restated a “hold” rating on shares of KKR & Co. L.P. in a research note on Sunday, July 10th. Barclays PLC lowered their price objective on KKR & Co. L.P. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Vetr cut 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 report on Monday, July 18th. Jefferies Group increased their price objective on KKR & Co. L.P. from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 price objective (down previously from $21.00) on shares of KKR & Co. L.P. in a research report on Monday, July 11th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.88.

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

KKR & Co. L.P. (NYSE:KKR) opened at 13.72 on Monday. KKR & Co. L.P. has a 12-month low of $10.89 and a 12-month high of $19.20. The company’s market capitalization is $6.10 billion. The company has a 50 day moving average price of $14.39 and a 200-day moving average price of $13.80.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.18. The business earned $576.76 million during the quarter, compared to the consensus estimate of $271.50 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 125.4% compared to the same quarter last year.

Large investors have recently modified their holdings of the company. Artemis Investment Management LLP boosted its stake 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 valued at $88,844,000 after buying an additional 4,179,496 shares during the period. Coronation Fund Managers Ltd. purchased a new stake in shares of KKR & Co. L.P. during the second quarter valued at about $46,915,000. Capital Research Global Investors boosted its stake 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 valued at $111,060,000 after buying an additional 2,748,911 shares during the period. Wellington Management Group LLP boosted its stake 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 valued at $137,274,000 after buying an additional 2,618,430 shares during the last quarter. Finally, SHANDA ASSET MANAGEMENT HOLDINGS Ltd boosted its stake in shares of 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 valued at $57,158,000 after buying an additional 2,352,517 shares during the last quarter.

In other 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 value of $2,394,648.00. Following the sale, the director now directly owns 43,276 shares of the company’s stock, valued at $615,384.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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