Oppenheimer & Co. Inc. increased its position in shares of KKR & Co. L.P. (NYSE:KKR) by 33.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 374,675 shares of the company’s stock after buying an additional 93,354 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.08% of KKR & Co. L.P. worth $5,343,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Linscomb & Williams Inc. raised its position in shares of KKR & Co. L.P. by 0.4% in the second quarter. Linscomb & Williams Inc. now owns 15,956 shares of the company’s stock worth $197,000 after buying an additional 69 shares during the last quarter. Compton Capital Management Inc. RI raised its position in shares of KKR & Co. L.P. by 0.6% in the second quarter. Compton Capital Management Inc. RI now owns 16,700 shares of the company’s stock worth $206,000 after buying an additional 100 shares during the last quarter. Sigma Planning Corp raised its position in shares of KKR & Co. L.P. by 1.6% in the second quarter. Sigma Planning Corp now owns 17,300 shares of the company’s stock worth $213,000 after buying an additional 272 shares during the last quarter. Ancora Inverness LLC raised its position in shares of KKR & Co. L.P. by 2.5% in the third quarter. Ancora Inverness LLC now owns 16,615 shares of the company’s stock worth $237,000 after buying an additional 411 shares during the last quarter. Finally, Hollencrest Securities LLC raised its position in shares of KKR & Co. L.P. by 3.0% in the third quarter. Hollencrest Securities LLC now owns 18,317 shares of the company’s stock worth $261,000 after buying an additional 531 shares during the last quarter.

Institutional Ownership by Quarter for KKR & Co. L.P. (NYSE:KKR)

KKR & Co. L.P. (NYSE:KKR) traded down 0.72% during trading on Tuesday, hitting $15.26. 1,654,345 shares of the stock traded hands. KKR & Co. L.P. has a 52-week low of $10.89 and a 52-week high of $17.08. The company’s 50 day moving average price is $14.47 and its 200-day moving average price is $13.99. The stock has a market cap of $6.86 billion, a P/E ratio of 50.20 and a beta of 1.90.

KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data 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 earned $687.06 million during the quarter, compared to analyst estimates of $270.76 million. During the same period in the prior year, the firm posted ($0.37) earnings per share. Equities research analysts forecast that KKR & Co. L.P. will post $0.78 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Friday, November 4th were paid a $0.16 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $0.64 annualized dividend and a yield of 4.16%.

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A number of analysts have recently weighed in on KKR shares. Barclays PLC set a $17.00 price objective on shares of KKR & Co. L.P. and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Jefferies Group increased their price objective on shares of KKR & Co. L.P. from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. JMP Securities reissued a “market perform” rating on shares of KKR & Co. L.P. in a report on Wednesday, October 26th. Citigroup Inc. reissued a “buy” rating and set a $17.50 price target on shares of KKR & Co. L.P. in a report on Wednesday, October 26th. Finally, Zacks Investment Research raised shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Wednesday, September 28th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.91.

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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