Pzena Investment Management LLC Sells 82,650 Shares of KKR & Co. L.P. (KKR)
Pzena Investment Management LLC reduced its position in shares of KKR & Co. L.P. (NYSE:KKR) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,618 shares of the company’s stock after selling 82,650 shares during the period. Pzena Investment Management LLC owned approximately 0.14% of KKR & Co. L.P. worth $8,736,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Linscomb & Williams Inc. raised its stake 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 in the last quarter. Compton Capital Management Inc. RI increased 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 increased 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. Hollencrest Securities LLC increased 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. Finally, Scotia Capital Inc. increased its position in shares of KKR & Co. L.P. by 0.5% in the second quarter. Scotia Capital Inc. now owns 139,740 shares of the company’s stock worth $1,728,000 after buying an additional 761 shares during the last quarter.
Shares of KKR & Co. L.P. (NYSE:KKR) traded down 0.78% during mid-day trading on Tuesday, reaching $15.25. The company’s stock had a trading volume of 1,045,962 shares. The company’s 50-day moving average is $14.47 and its 200 day moving average is $13.99. The firm has a market capitalization of $6.86 billion, a P/E ratio of 50.16 and a beta of 1.90. KKR & Co. L.P. has a 1-year low of $10.89 and a 1-year high of $17.08.
KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.06. The firm had revenue of $687.06 million for 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. On average, analysts expect that KKR & Co. L.P. will post $0.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Friday, November 4th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $0.64 annualized dividend and a yield of 4.16%.
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KKR has been the subject of a number of analyst reports. Barclays PLC set a $17.00 price target on KKR & Co. L.P. and gave the company a “buy” rating in a report on Tuesday, August 9th. Jefferies Group reissued a “buy” rating on shares of KKR & Co. L.P. in a report on Wednesday, October 12th. Zacks Investment Research downgraded KKR & Co. L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. JMP Securities reissued a “market perform” rating on shares of KKR & Co. L.P. in a report on Wednesday, October 26th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $17.50 price target on shares of KKR & Co. L.P. in a report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. KKR & Co. L.P. 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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