EnTrustPermal Partners Offshore LP Takes $2.72 Million Position in KKR & Co. L.P. (KKR)

EnTrustPermal Partners Offshore LP acquired a new position in shares of KKR & Co. L.P. (NYSE:KKR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 128,900 shares of the asset manager’s stock, valued at approximately $2,715,000.

Several other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its holdings in KKR & Co. L.P. by 0.4% in the second quarter. Northern Trust Corp now owns 278,550 shares of the asset manager’s stock valued at $5,181,000 after buying an additional 1,150 shares during the last quarter. HL Financial Services LLC increased its holdings in KKR & Co. L.P. by 16.7% in the third quarter. HL Financial Services LLC now owns 33,115 shares of the asset manager’s stock valued at $673,000 after buying an additional 4,750 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in KKR & Co. L.P. by 59.4% in the third quarter. BNP Paribas Arbitrage SA now owns 389,397 shares of the asset manager’s stock valued at $7,916,000 after buying an additional 145,169 shares during the last quarter. Bridgecreek Investment Management LLC purchased a new position in KKR & Co. L.P. in the third quarter valued at $1,663,000. Finally, GVO Asset Management Ltd increased its holdings in KKR & Co. L.P. by 55.3% in the third quarter. GVO Asset Management Ltd now owns 591,650 shares of the asset manager’s stock valued at $12,028,000 after buying an additional 210,750 shares during the last quarter. 68.17% of the stock is currently owned by institutional investors and hedge funds.

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In other KKR & Co. L.P. news, major shareholder Holdings L.P. Valueact bought 1,450,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of $21.55 per share, for a total transaction of $31,247,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several equities analysts recently commented on KKR shares. Sandler O’Neill started coverage on KKR & Co. L.P. in a report on Tuesday, November 28th. They issued a “hold” rating on the stock. Zacks Investment Research raised KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. TheStreet raised KKR & Co. L.P. from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Credit Suisse Group reissued an “outperform” rating and issued a $31.00 target price (up previously from $23.00) on shares of KKR & Co. L.P. in a report on Wednesday, January 10th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $28.00 target price on shares of KKR & Co. L.P. in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. KKR & Co. L.P. currently has an average rating of “Hold” and an average target price of $24.30.

KKR & Co. L.P. (NYSE KKR) opened at $22.71 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a 12 month low of $16.77 and a 12 month high of $24.50. The stock has a market cap of $10,768.03, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.59.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.04). KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.34%. The company had revenue of $941.64 million during the quarter, compared to analyst estimates of $367.36 million. During the same quarter in the prior year, the company earned $0.40 EPS. The business’s revenue was up 95.6% on a year-over-year basis. equities research analysts forecast that KKR & Co. L.P. will post 2.55 EPS for the current fiscal year.

The firm also recently announced a dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a dividend yield of 0.00802265219443134%. KKR & Co. L.P.’s dividend payout ratio (DPR) is 34.87%.

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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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Institutional Ownership by Quarter for KKR & Co. L.P. (NYSE:KKR)

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