KKR & Co. L.P. (NYSE:KKR) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Kohlberg Kravis Roberts & Co. provides a range of asset management services to its investors and provides capital markets services to its firm, its portfolio companies and its clients. The Company operates private equity funds that take either controlling or strategic minority ownership positions for long-term appreciation; invests in leveraged loans, high-yield bonds and less liquid credit products; and, on behalf of portfolio companies, arranges equity and debt financing and offers capital market advice. Kohlberg Kravis Roberts & Co. is based at New York, New York. “

KKR has been the subject of a number of other research reports. ValuEngine raised shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a research report on Friday, June 30th. Morgan Stanley boosted their target price on shares of KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Oppenheimer Holdings, Inc. boosted their target price on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Finally, BidaskClub cut shares of KKR & Co. L.P. from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.80.

KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.26. The firm had revenue of $365.16 million during 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 quarter in the previous year, the firm posted $0.19 EPS.

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In related news, Director Robert W. Scully acquired 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $18.21 per share, for a total transaction of $1,001,550.00. Following the completion of the acquisition, the director now owns 49,495 shares of the company’s stock, valued at approximately $901,303.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Linscomb & Williams Inc. increased its holdings in KKR & Co. L.P. by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 16,177 shares of the asset manager’s stock worth $301,000 after buying an additional 53 shares during the last quarter. Laurel Wealth Advisors Inc. increased its holdings in KKR & Co. L.P. by 0.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock worth $203,000 after buying an additional 67 shares during the last quarter. Freestone Capital Holdings LLC increased its holdings in KKR & Co. L.P. by 0.7% during the second quarter. Freestone Capital Holdings LLC now owns 13,951 shares of the asset manager’s stock worth $259,000 after buying an additional 101 shares during the last quarter. Advisory Services Network LLC increased its holdings in KKR & Co. L.P. by 1.8% during the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after buying an additional 115 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. increased its holdings in KKR & Co. L.P. by 1.8% during the second quarter. Adell Harriman & Carpenter Inc. now owns 38,800 shares of the asset manager’s stock worth $722,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 65.21% 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.

Analyst Recommendations for KKR & Co. L.P. (NYSE:KKR)

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