Morgan Stanley Boosts KKR & Co. L.P. (KKR) Price Target to $21.00

KKR & Co. L.P. (NYSE:KKR) had its target price lifted by Morgan Stanley from $20.00 to $21.00 in a research report report published on Thursday. The firm currently has an equal weight rating on the asset manager’s stock.

KKR has been the subject of a number of other reports. Oppenheimer Holdings, Inc. lifted their price target on KKR & Co. L.P. from $26.00 to $27.00 and gave the company an outperform rating in a report on Friday, July 14th. ValuEngine cut KKR & Co. L.P. from a strong-buy rating to a buy rating in a report on Friday, September 8th. BidaskClub lowered KKR & Co. L.P. from a hold rating to a sell rating in a research report on Friday, August 18th. Zacks Investment Research upgraded KKR & Co. L.P. from a hold rating to a buy rating and set a $22.00 price objective for the company in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC reiterated a buy rating on shares of KKR & Co. L.P. in a research report on Friday, June 30th. One investment analyst has 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 company’s stock. KKR & Co. L.P. presently has an average rating of Buy and an average price target of $21.40.

KKR & Co. L.P. (KKR) opened at 20.30 on Thursday. KKR & Co. L.P. has a 12 month low of $13.57 and a 12 month high of $20.64. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 8.69 and a beta of 1.53. The company has a 50-day moving average of $19.11 and a 200-day moving average of $18.66.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a return on equity of 11.45% and a net margin of 42.48%. The business had revenue of $365.16 million during the quarter, compared to analysts’ expectations of $300.74 million. During the same period in the previous year, the business posted $0.19 earnings per share. Analysts predict that KKR & Co. L.P. will post $2.61 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Morgan Stanley Boosts KKR & Co. L.P. (KKR) Price Target to $21.00” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/morgan-stanley-boosts-kkr-co-l-p-kkr-price-target-to-21-00.html.

In related news, Director Robert W. Scully bought 55,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $18.21 per share, for a total transaction of $1,001,550.00. Following the transaction, the director now owns 49,495 shares of the company’s stock, valued at $901,303.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Several institutional investors have recently bought and sold shares of the company. Curbstone Financial Management Corp grew its position in shares of KKR & Co. L.P. by 98.4% during the 3rd quarter. Curbstone Financial Management Corp now owns 95,250 shares of the asset manager’s stock worth $1,936,000 after buying an additional 47,250 shares during the period. Cacti Asset Management LLC grew its position in shares of KKR & Co. L.P. by 30.7% during the 3rd quarter. Cacti Asset Management LLC now owns 183,000 shares of the asset manager’s stock worth $3,644,000 after buying an additional 43,000 shares during the period. WFG Advisors LP grew its position in shares of KKR & Co. L.P. by 24.9% during the 2nd quarter. WFG Advisors LP now owns 169,373 shares of the asset manager’s stock worth $3,150,000 after buying an additional 33,774 shares during the period. Advisory Services Network LLC grew 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 worth $119,000 after buying an additional 115 share

KKR has been the subject of a number of other reports. Oppenheimer Holdings, Inc. lifted their price target on KKR & Co. L.P. from $26.00 to $27.00 and gave the company an outperform rating in a report on Friday, July 14th. ValuEngine cut KKR & Co. L.P. from a strong-buy rating to a buy rating in a report on Friday, September 8th. BidaskClub lowered KKR & Co. L.P. from a hold rating to a sell rating in a research report on Friday, August 18th. Zacks Investment Research upgraded KKR & Co. L.P. from a hold rating to a buy rating and set a $22.00 price objective for the company in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC reiterated a buy rating on shares of KKR & Co. L.P. in a research report on Friday, June 30th. One investment analyst has 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 company’s stock. KKR & Co. L.P. presently has an average rating of Buy and an average price target of $21.40.

KKR & Co. L.P. (KKR) opened at 20.30 on Thursday. KKR & Co. L.P. has a 12 month low of $13.57 and a 12 month high of $20.64. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 8.69 and a beta of 1.53. The company has a 50-day moving average of $19.11 and a 200-day moving average of $18.66.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a return on equity of 11.45% and a net margin of 42.48%. The business had revenue of $365.16 million during the quarter, compared to analysts’ expectations of $300.74 million. During the same period in the previous year, the business posted $0.19 earnings per share. Analysts predict that KKR & Co. L.P. will post $2.61 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Morgan Stanley Boosts KKR & Co. L.P. (KKR) Price Target to $21.00” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/09/morgan-stanley-boosts-kkr-co-l-p-kkr-price-target-to-21-00.html.

In related news, Director Robert W. Scully bought 55,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $18.21 per share, for a total transaction of $1,001,550.00. Following the transaction, the director now owns 49,495 shares of the company’s stock, valued at $901,303.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Several institutional investors have recently bought and sold shares of the company. Curbstone Financial Management Corp grew its position in shares of KKR & Co. L.P. by 98.4% during the 3rd quarter. Curbstone Financial Management Corp now owns 95,250 shares of the asset manager’s stock worth $1,936,000 after buying an additional 47,250 shares during the period. Cacti Asset Management LLC grew its position in shares of KKR & Co. L.P. by 30.7% during the 3rd quarter. Cacti Asset Management LLC now owns 183,000 shares of the asset manager’s stock worth $3,644,000 after buying an additional 43,000 shares during the period. WFG Advisors LP grew its position in shares of KKR & Co. L.P. by 24.9% during the 2nd quarter. WFG Advisors LP now owns 169,373 shares of the asset manager’s stock worth $3,150,000 after buying an additional 33,774 shares during the period. Advisory Services Network LLC grew 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 worth $119,000 after buying an additional 115 shares during the period. Finally, National Asset Management Inc. grew its position in shares of KKR & Co. L.P. by 8.2% during the 2nd quarter. National Asset Management Inc. now owns 28,344 shares of the asset manager’s stock worth $528,000 after buying an additional 2,149 shares during the period. Institutional investors own 65.21% of the company’s stock.

KKR & Co. L.P. Company 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.

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

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