LGT Capital Partners LTD. Buys 20,000 Shares of KKR & Co. L.P. (KKR)
LGT Capital Partners LTD. increased its position in shares of KKR & Co. L.P. (NYSE:KKR) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 870,000 shares of the company’s stock after buying an additional 20,000 shares during the period. KKR & Co. L.P. accounts for 1.7% of LGT Capital Partners LTD.’s portfolio, making the stock its 24th largest position. LGT Capital Partners LTD. owned approximately 0.20% of KKR & Co. L.P. worth $12,406,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. FCG Advisors LLC bought a new stake in KKR & Co. L.P. during the second quarter worth about $136,000. Laurel Wealth Advisors Inc. increased its position in shares of KKR & Co. L.P. by 27.0% in the second quarter. Laurel Wealth Advisors Inc. now owns 13,615 shares of the company’s stock worth $168,000 after buying an additional 2,895 shares in the last quarter. BOKF NA increased its position in shares of KKR & Co. L.P. by 16.3% in the second quarter. BOKF NA now owns 13,724 shares of the company’s stock worth $169,000 after buying an additional 1,925 shares in the last quarter. Palo Capital Inc. acquired a new position in shares of KKR & Co. L.P. during the second quarter worth approximately $176,000. Finally, First Heartland Consultants Inc. acquired a new position in shares of KKR & Co. L.P. during the second quarter worth approximately $181,000.
KKR & Co. L.P. (NYSE:KKR) traded up 1.18% during mid-day trading on Friday, reaching $15.40. The company had a trading volume of 4,209,057 shares. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 50.66 and a beta of 1.90. KKR & Co. L.P. has a 52-week low of $10.89 and a 52-week high of $17.69. The company’s 50 day moving average is $14.25 and its 200 day moving average is $13.87.
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, beating the consensus estimate of $0.65 by $0.06. The firm had revenue of $687.06 million for the quarter, compared to the consensus estimate of $270.76 million. During the same quarter in the prior year, the firm earned ($0.37) earnings per share. Equities analysts predict that KKR & Co. L.P. will post $0.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Friday, November 4th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a $0.64 annualized dividend and a yield of 4.16%.
KKR has been the subject of a number of analyst reports. 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. Barclays PLC increased their price target on KKR & Co. L.P. from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Vetr raised KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating and set a $17.38 price target for the company in a report on Wednesday, July 27th. Zacks Investment Research raised KKR & Co. L.P. from a “strong sell” rating to a “hold” rating in a report on Friday, July 29th. Finally, Jefferies Group increased their price target on KKR & Co. L.P. from $15.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Six equities research 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’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.91.
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.
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