ibusinesslines.com July 28, 2017

KKR & Co LP (NYSE:KKR) 2016 Q4 Institutional Investor Sentiment Steady

15 July 2017, 03:46 | Jodi Jackson

The share price of KKR & Co. L.P. during the first quarter valued at $198,000. (NYSE:KKR) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. Bienville Capital Management LLC now owns 17,000 shares of the asset manager's stock valued at $262,000 after buying an additional 1,600 shares in the last quarter. "L.P. (NYSE:KKR) Expected to Announce Earnings of $0.49 Per Share" was first reported by Community Financial News and is the sole property of of Community Financial News.

Over the past 50 days, KKR & Co. L.P.by 725.3% in the first quarter. Morgan Stanley now owns 55,751,843 shares of the asset manager's stock valued at $1,016,356,000 after buying an additional 39,675,214 shares during the last quarter.

Total cash per share on the most recent quarter is 6.54. Finally, Brookfield Asset Management Inc. raised its position in KKR & Co. L.P.by 457.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,803,950 shares of the asset manager's stock valued at $43,153,000 after buying an additional 2,301,100 shares in the last quarter. Finally, SOL Capital Management CO raised its position in KKR & Co. L.P. during the first quarter valued at about $49,409,000. Quadrature Capital Ltd now owns 111,408 shares of the asset manager's stock worth $1,713,000 after buying an additional 57,837 shares during the period. Fairview Capital Investment Management LLC acquired a new position in KKR & Co. L.P. had its " rating reiterated by analysts at Piper Jaffray. Bienville Capital Management LLC now owns 17,000 shares of the asset manager's stock worth $262,000 after buying an additional 1,600 shares during the last quarter.

Institutional investors have recently modified their holdings of the company.

The stock Hit its 1-year high of $20.34 on 06/19/17 and its 1-year low price of $12.15 on 07/14/16.

During the trading day, the stock price fluctuated between $18.94 and $19.17. The company has a market cap of $8.85 billion, a PE ratio of 10.87 and a beta of 1.53.

KKR & Co. L.P. had a net margin of 35.94% and a return on equity of 10.52%. (NYSE:KKR) last posted its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.65 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.14. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for PFE and estimated EPS for next quarter is $ 0.64. For the next fiscal year, analysts expect that the business will report earnings of $2.46 per share, with EPS estimates ranging from $2.04 to $2.94. Let us check out how analysts have ranked KKR based on current scenarios. Deutsche Bank AG upped their price objective on shares of KKR & Co. L.P. (NYSE:KKR) to report $0.49 EPS on July, 25.They anticipate $0.26 EPS change or 113.04 % from last quarter's $0.23 EPS. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and global copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thestockobserver.com/2017/07/14/oppenheimer-co-inc-sells-16146-shares-of-kkr-co-l-p-nysekkr.html.

A number of hedge funds have recently added to or reduced their stakes in KKR. Analyst's mean target price for KKR is $21.58 while analysts mean recommendation is 2.10. L.P. from $18.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, April 28th. Creative Planning has 0.01% invested in KKR & Co.

L.P. earnings have risen with an annualized rate of 133.1% over the last 5 years.

The share of KKR & Co. L.P. from a buy rating to a neutral rating and dropped their target price for the company from $20.50 to $19.00 in a research report on Monday, April 17th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $23.00 target price on shares of KKR & Co. L.P.in a report on Monday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. L.P. (NYSE:KKR)'s 14-day RSI is presently at 60.45.

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