Shares of KKR & Co. L.P. (NYSE:KKR) have earned an average rating of “Buy” from the fourteen ratings firms that are covering the company. Six research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.79.

A number of research analysts have recently commented on KKR shares. Jefferies Group reiterated a “buy” rating and set a $17.00 price target on shares of KKR & Co. L.P. in a report on Wednesday, October 26th. Zacks Investment Research lowered KKR & Co. L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Credit Suisse Group AG reiterated a “buy” rating and set a $16.00 price target on shares of KKR & Co. L.P. in a report on Wednesday, July 27th. JMP Securities reiterated a “market perform” rating on shares of KKR & Co. L.P. in a report on Wednesday, October 26th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $17.50 price target on shares of KKR & Co. L.P. in a report on Wednesday, October 26th.

KKR & Co. L.P. (NYSE:KKR) opened at 15.40 on Wednesday. The stock’s 50 day moving average is $14.25 and its 200 day moving average is $13.87. KKR & Co. L.P. has a one year low of $10.89 and a one year high of $17.69. The firm has a market cap of $6.92 billion, a P/E ratio of 50.66 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 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The business had revenue of $687.06 million for the quarter, compared to analyst estimates of $270.76 million. During the same quarter last year, the firm earned ($0.37) earnings per share. On average, equities research analysts expect that KKR & Co. L.P. will post $0.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Friday, November 4th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Wednesday, November 2nd.

Several hedge funds have recently made changes to their positions in the company. GMT Capital Corp boosted its stake in shares of KKR & Co. L.P. by 375.0% in the third quarter. GMT Capital Corp now owns 6,585,960 shares of the company’s stock valued at $74,146,000 after buying an additional 5,199,560 shares during the last quarter. 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 last quarter. Coronation Fund Managers Ltd. acquired a new stake in shares of KKR & Co. L.P. during the second quarter valued at approximately $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 last quarter. Finally, Morgan Stanley boosted its stake in shares of KKR & Co. L.P. by 21.9% in the third quarter. Morgan Stanley now owns 14,068,394 shares of the company’s stock valued at $200,614,000 after buying an additional 2,523,505 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

Receive News & Stock Ratings for KKR & Co. L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. L.P. and related stocks with our FREE daily email newsletter.