Brokerages Set KKR & Co. L.P. Unit (KKR) Price Target at $26.50


Shares of KKR & Co. L.P. Unit (NYSE:KKR) have earned a consensus rating of “Buy” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $26.50.

A number of brokerages recently commented on KKR. ValuEngine downgraded shares of KKR & Co. L.P. Unit from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 27th. Deutsche Bank increased their price target on shares of KKR & Co. L.P. Unit from $21.00 to $24.00 and gave the company a “hold” rating in a report on Friday, May 4th. Zacks Investment Research raised shares of KKR & Co. L.P. Unit from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 16th. Bank of America increased their price target on shares of KKR & Co. L.P. Unit from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of KKR & Co. L.P. Unit in a report on Thursday, May 3rd.


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Shares of KKR stock opened at $22.46 on Friday. KKR & Co. L.P. Unit has a 52-week low of $17.96 and a 52-week high of $24.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 0.93 and a beta of 1.57.

KKR & Co. L.P. Unit (NYSE:KKR) last issued its quarterly earnings results on Thursday, May 3rd. The asset manager reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.23. KKR & Co. L.P. Unit had a return on equity of 7.96% and a net margin of 30.30%. The business had revenue of $382.20 million during the quarter, compared to analyst estimates of $337.44 million. During the same quarter in the prior year, the business posted $0.65 EPS. KKR & Co. L.P. Unit’s revenue for the quarter was up 1.8% compared to the same quarter last year. analysts expect that KKR & Co. L.P. Unit will post 2.23 EPS for the current year.


The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Monday, May 14th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.03%. The ex-dividend date is Friday, May 11th. KKR & Co. L.P. Unit’s payout ratio is currently 28.57%.

In other KKR & Co. L.P. Unit news, major shareholder Fund Holdings L.P. Kkr sold 1,444,822 shares of the firm’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $31.68, for a total value of $45,771,960.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.


Large investors have recently modified their holdings of the company. Sterling Investment Advisors Ltd. increased its position in shares of KKR & Co. L.P. Unit by 470.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,700 shares of the asset manager’s stock worth $120,000 after acquiring an additional 4,700 shares during the period. Lee Financial Co purchased a new position in shares of KKR & Co. L.P. Unit during the first quarter worth approximately $140,000. Tower Research Capital LLC TRC increased its position in shares of KKR & Co. L.P. Unit by 48,800.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,824 shares of the asset manager’s stock worth $165,000 after acquiring an additional 7,808 shares during the period. Clearwater Capital Advisors LLC purchased a new position in shares of KKR & Co. L.P. Unit during the first quarter worth approximately $169,000. Finally, BB&T Securities LLC purchased a new position in shares of KKR & Co. L.P. Unit during the fourth quarter worth approximately $206,000. 68.89% of the stock is currently owned by institutional investors and hedge funds.


About KKR & Co. L.P. Unit

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.

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

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