KKR & Co. L.P. (KKR) Shares Bought by Greytown Advisors Inc.
Greytown Advisors Inc. lifted its holdings in shares of KKR & Co. L.P. (NYSE:KKR) by 110.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,051 shares of the asset manager’s stock after acquiring an additional 24,153 shares during the quarter. Greytown Advisors Inc.’s holdings in KKR & Co. L.P. were worth $936,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. ValueAct Holdings L.P. boosted its stake in KKR & Co. L.P. by 811.1% in the 3rd quarter. ValueAct Holdings L.P. now owns 45,555,916 shares of the asset manager’s stock valued at $926,152,000 after purchasing an additional 40,555,916 shares during the period. FMR LLC boosted its stake in KKR & Co. L.P. by 2.0% in the 2nd quarter. FMR LLC now owns 41,515,622 shares of the asset manager’s stock valued at $772,191,000 after purchasing an additional 815,826 shares during the period. Principal Financial Group Inc. boosted its stake in KKR & Co. L.P. by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 13,643,847 shares of the asset manager’s stock valued at $277,379,000 after purchasing an additional 718,278 shares during the period. JPMorgan Chase & Co. boosted its stake in KKR & Co. L.P. by 59.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,153,111 shares of the asset manager’s stock valued at $162,980,000 after purchasing an additional 3,024,201 shares during the period. Finally, GMT Capital Corp boosted its stake in KKR & Co. L.P. by 432.0% in the 2nd quarter. GMT Capital Corp now owns 4,893,300 shares of the asset manager’s stock valued at $90,771,000 after purchasing an additional 3,973,500 shares during the period. Institutional investors own 65.21% of the company’s stock.
Several analysts recently issued reports on the company. ValuEngine downgraded KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 8th. BidaskClub downgraded KKR & Co. L.P. from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research downgraded KKR & Co. L.P. from a “buy” rating to a “sell” rating in a research note on Wednesday, October 11th. Morgan Stanley boosted their price target on KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, Goldman Sachs Group upgraded KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research note on Monday, October 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.33.
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.06). The company had revenue of $356.00 million during the quarter, compared to analyst estimates of $314.80 million. KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.39%. KKR & Co. L.P.’s revenue was up 29.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. equities research analysts expect that KKR & Co. L.P. will post 2.43 earnings per share for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 3rd. KKR & Co. L.P.’s dividend payout ratio is presently 34.34%.
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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.
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