KKR & Co. L.P. (NYSE:KKR) – Research analysts at Jefferies Group lifted their Q2 2017 earnings estimates for KKR & Co. L.P. in a research report issued on Tuesday. Jefferies Group analyst G. O’hara now forecasts that the asset manager will post earnings of $0.61 per share for the quarter, up from their prior forecast of $0.52. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for KKR & Co. L.P.’s Q4 2017 earnings at $0.55 EPS, FY2017 earnings at $2.33 EPS and FY2018 earnings at $2.38 EPS.

Several other analysts have also recently weighed in on KKR. Citigroup Inc. cut shares of KKR & Co. L.P. from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.50 to $19.00 in a research note on Monday, April 17th. Deutsche Bank AG increased their price target on shares of KKR & Co. L.P. from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, April 28th. JMP Securities reissued an “outperform” rating and issued a $25.00 price target on shares of KKR & Co. L.P. in a research note on Monday, May 1st. TheStreet raised shares of KKR & Co. L.P. from a “c” rating to a “b” rating in a research note on Thursday, April 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $23.00 price target on shares of KKR & Co. L.P. in a research note on Tuesday, May 30th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. KKR & Co. L.P. currently has a consensus rating of “Buy” and an average target price of $19.94.

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Shares of KKR & Co. L.P. (NYSE KKR) opened at 19.16 on Wednesday. The company has a market cap of $8.85 billion, a P/E ratio of 10.87 and a beta of 1.53. KKR & Co. L.P. has a 52 week low of $12.15 and a 52 week high of $20.34. The firm has a 50-day moving average of $18.57 and a 200 day moving average of $17.86.

KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The business had revenue of $715.90 million during the quarter, compared to the consensus estimate of $297.88 million. KKR & Co. L.P. had a net margin of 35.94% and a return on equity of 10.52%. The firm’s quarterly revenue was up 339.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.65) earnings per share.

Large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in KKR & Co. L.P. by 246.8% in the first quarter. Morgan Stanley now owns 55,751,843 shares of the asset manager’s stock worth $1,016,356,000 after buying an additional 39,675,214 shares during the period. Brookfield Asset Management Inc. raised its stake in KKR & Co. L.P. by 14.6% in the fourth quarter. Brookfield Asset Management Inc. now owns 6,495,561 shares of the asset manager’s stock worth $99,967,000 after buying an additional 827,385 shares during the period. Benchmark Capital Advisors raised its stake in KKR & Co. L.P. by 4.3% in the first quarter. Benchmark Capital Advisors now owns 164,290 shares of the asset manager’s stock worth $2,995,000 after buying an additional 6,698 shares during the period. SOL Capital Management CO raised its stake in KKR & Co. L.P. by 2.0% in the first quarter. SOL Capital Management CO now owns 157,855 shares of the asset manager’s stock worth $2,878,000 after buying an additional 3,030 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in KKR & Co. L.P. by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 174,957 shares of the asset manager’s stock worth $3,189,000 after buying an additional 6,551 shares during the period. Institutional investors own 75.62% of the company’s stock.

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.

Earnings History and Estimates for KKR & Co. L.P. (NYSE:KKR)

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