KKR & Co. L.P. (NYSE:KKR) has been assigned a $17.00 price target by equities researchers at Jefferies Group in a research report issued to clients and investors on Monday. The brokerage currently has a a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 12.96% from the stock’s current price.

Several other research firms have also weighed in on KKR. Zacks Investment Research lowered shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. 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. Vetr upgraded shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating and set a $17.38 target price for the company in a research note on Wednesday, July 27th. Citigroup Inc. reiterated a “buy” rating and set a $17.50 target price on shares of KKR & Co. L.P. in a research note on Wednesday, October 26th. Finally, JMP Securities reiterated a “market perform” rating on shares of KKR & Co. L.P. in a research note on Wednesday, October 26th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $17.91.

Analyst Recommendations for KKR & Co. L.P. (NYSE:KKR)

Shares of KKR & Co. L.P. (NYSE:KKR) opened at 15.05 on Monday. KKR & Co. L.P. has a 1-year low of $10.89 and a 1-year high of $17.84. The stock has a 50 day moving average of $14.20 and a 200 day moving average of $13.85. The firm has a market cap of $6.77 billion, a PE ratio of 49.51 and a beta of 1.90.

KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The company earned $687.06 million during the quarter, compared to the consensus estimate of $270.76 million. During the same quarter last year, the firm posted ($0.37) EPS. Equities research analysts anticipate that KKR & Co. L.P. will post $0.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Friday, November 4th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Wednesday, November 2nd.

A number of large investors have recently modified their holdings of the stock. Rothschild Investment Corp IL increased its stake in shares of KKR & Co. L.P. by 7.2% in the second quarter. Rothschild Investment Corp IL now owns 106,331 shares of the company’s stock worth $1,312,000 after buying an additional 7,100 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of KKR & Co. L.P. by 8.3% in the second quarter. CIBC World Markets Inc. now owns 35,047 shares of the company’s stock worth $432,000 after buying an additional 2,680 shares during the last quarter. Palo Capital Inc. acquired a new stake in shares of KKR & Co. L.P. during the second quarter worth $176,000. Carroll Financial Associates Inc. increased its stake in shares of KKR & Co. L.P. by 58.3% in the second quarter. Carroll Financial Associates Inc. now owns 16,293 shares of the company’s stock worth $201,000 after buying an additional 6,003 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC acquired a new stake in shares of KKR & Co. L.P. during the second quarter worth $411,000.

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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