KKR & Co. L.P. (NYSE:KKR) had its price target lifted by Morgan Stanley from $19.00 to $20.00 in a note issued to investors on Tuesday, August 8th. The firm currently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s target price would suggest a potential upside of 10.25% from the company’s previous close.

A number of other research analysts have also issued reports on KKR. Zacks Investment Research lowered KKR & Co. L.P. from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub upgraded KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a report on Friday, June 30th. Oppenheimer Holdings, Inc. raised their price objective on KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Finally, Deutsche Bank AG raised their price objective on KKR & Co. L.P. from $18.00 to $20.00 and gave the company a “hold” rating in a report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.40.

KKR & Co. L.P. (NYSE KKR) traded up 0.61% during trading on Tuesday, hitting $18.14. 3,506,598 shares of the stock traded hands. The stock has a 50 day moving average price of $19.00 and a 200-day moving average price of $18.40. The stock has a market cap of $8.53 billion, a P/E ratio of 7.77 and a beta of 1.53. KKR & Co. L.P. has a 52-week low of $13.58 and a 52-week high of $20.34.

KKR & Co. L.P. (NYSE:KKR) last announced its earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.26. KKR & Co. L.P. had a return on equity of 11.45% and a net margin of 42.48%. The firm had revenue of $365.16 million for the quarter, compared to analyst estimates of $300.74 million. During the same quarter last year, the firm posted $0.19 EPS. On average, analysts anticipate that KKR & Co. L.P. will post $2.58 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This report was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/08/19/kkr-co-l-p-nysekkr-price-target-increased-to-20-00-by-analysts-at-morgan-stanley-updated.html.

In other news, Director Robert W. Scully bought 55,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was bought at an average cost of $18.21 per share, with a total value of $1,001,550.00. Following the transaction, the director now directly owns 49,495 shares in the company, valued at approximately $901,303.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A number of institutional investors have recently added to or reduced their stakes in KKR. WFG Advisors LP increased its position in KKR & Co. L.P. by 24.9% in the second quarter. WFG Advisors LP now owns 169,373 shares of the asset manager’s stock valued at $3,150,000 after buying an additional 33,774 shares in the last quarter. Advisory Services Network LLC increased its position in KKR & Co. L.P. by 1.8% in the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock valued at $119,000 after buying an additional 115 shares in the last quarter. National Asset Management Inc. increased its position in KKR & Co. L.P. by 8.2% in the second quarter. National Asset Management Inc. now owns 28,344 shares of the asset manager’s stock valued at $528,000 after buying an additional 2,149 shares in the last quarter. Linscomb & Williams Inc. increased its position in KKR & Co. L.P. by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 16,177 shares of the asset manager’s stock valued at $301,000 after buying an additional 53 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of KKR & Co. L.P. by 2.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 65,189 shares of the asset manager’s stock valued at $1,213,000 after buying an additional 1,632 shares during the last quarter. 76.59% of the stock is owned by institutional investors.

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.

Analyst Recommendations for KKR & Co. L.P. (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.