Commonwealth Equity Services Inc boosted its holdings in KKR & Co. L.P. (NYSE:KKR) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,184 shares of the asset manager’s stock after purchasing an additional 4,886 shares during the period. Commonwealth Equity Services Inc’s holdings in KKR & Co. L.P. were worth $3,215,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of KKR. Advisory Services Network LLC lifted its position in shares of KKR & Co. L.P. by 1.8% during the 2nd 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 during the last quarter. Laurel Wealth Advisors Inc. lifted its stake in shares of KKR & Co. L.P. by 0.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock valued at $203,000 after purchasing an additional 67 shares during the period. Synovus Financial Corp purchased a new position in shares of KKR & Co. L.P. in the 2nd quarter valued at approximately $205,000. FineMark National Bank & Trust increased its position in KKR & Co. L.P. by 8.8% during the 2nd quarter. FineMark National Bank & Trust now owns 11,204 shares of the asset manager’s stock valued at $208,000 after buying an additional 904 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its position in KKR & Co. L.P. by 1,760.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 4,185 shares of the asset manager’s stock valued at $225,000 after buying an additional 3,960 shares in the last quarter. 62.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of KKR & Co. L.P. (KKR) traded up $0.12 during midday trading on Tuesday, hitting $19.62. 324,576 shares of the company’s stock traded hands, compared to its average volume of 2,808,269. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $16,020.00, a P/E ratio of 8.50, a PEG ratio of 0.62 and a beta of 1.54. KKR & Co. L.P. has a 12 month low of $15.14 and a 12 month high of $20.76.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 3rd. KKR & Co. L.P.’s payout ratio is 34.17%.
A number of research analysts recently weighed in on KKR shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $27.00 price objective on shares of KKR & Co. L.P. in a research report on Thursday, October 12th. TheStreet lowered KKR & Co. L.P. from a “b” rating to a “c+” rating in a report on Thursday, October 26th. Morgan Stanley lifted their target price on KKR & Co. L.P. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered KKR & Co. L.P. from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, ValuEngine raised KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.80.
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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.
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