EnTrustPermal Management LLC Buys New Holdings in KKR & Co. L.P. (KKR)
EnTrustPermal Management LLC bought a new stake in shares of KKR & Co. L.P. (NYSE:KKR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 137,200 shares of the asset manager’s stock, valued at approximately $2,552,000.
A number of other hedge funds have also modified their holdings of KKR. Bank of New York Mellon Corp raised its holdings in KKR & Co. L.P. by 19.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,767,320 shares of the asset manager’s stock valued at $32,218,000 after acquiring an additional 288,934 shares during the period. Ameriprise Financial Inc. raised its holdings in KKR & Co. L.P. by 1.6% during the 1st quarter. Ameriprise Financial Inc. now owns 102,977 shares of the asset manager’s stock valued at $1,886,000 after acquiring an additional 1,602 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in KKR & Co. L.P. by 11.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 63,557 shares of the asset manager’s stock valued at $1,159,000 after acquiring an additional 6,469 shares during the period. Stifel Financial Corp raised its holdings in KKR & Co. L.P. by 19.3% during the 1st quarter. Stifel Financial Corp now owns 165,963 shares of the asset manager’s stock valued at $3,018,000 after acquiring an additional 26,882 shares during the period. Finally, Alliancebernstein L.P. bought a new stake in KKR & Co. L.P. during the 1st quarter valued at $49,409,000. 65.19% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on KKR shares. Morgan Stanley boosted their target price on shares of KKR & Co. L.P. from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Zacks Investment Research cut shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. Jefferies Group LLC reissued a “buy” rating on shares of KKR & Co. L.P. in a report on Friday, June 30th. BidaskClub raised shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, ValuEngine cut shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $21.30.
KKR & Co. L.P. (NYSE:KKR) traded up 0.30% on Thursday, hitting $19.97. 217,089 shares of the stock were exchanged. The company has a 50-day moving average of $18.72 and a 200 day moving average of $18.50. The firm has a market cap of $9.39 billion, a P/E ratio of 8.55 and a beta of 1.53. KKR & Co. L.P. has a 12 month low of $13.58 and a 12 month high of $20.34.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.26. The firm had revenue of $365.16 million for the quarter, compared to the consensus estimate of $300.74 million. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. During the same period last year, the firm earned $0.19 EPS. Equities research analysts expect that KKR & Co. L.P. will post $2.65 earnings per share for the current fiscal year.
In other news, Director Robert W. Scully acquired 55,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $18.21 per share, for a total transaction of $1,001,550.00. Following the transaction, the director now directly owns 49,495 shares of the company’s stock, valued at $901,303.95. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
KKR & Co. L.P. 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.
Want to see what other hedge funds are holding KKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.