Price Action to Note: Is KKR & Co. L.P. a Buy? The Stock Rises Again

Price Action to Note: Is KKR & Co. L.P. a Buy? The Stock Rises Again

The stock of KKR & Co. L.P. (NYSE:KKR) is a huge mover today! About 1.88 million shares traded hands. KKR & Co. L.P. (NYSE:KKR) has risen 9.10% since April 18, 2016 and is uptrending. It has outperformed by 4.67% the S&P500.
The move comes after 7 months positive chart setup for the $12.74B company. It was reported on Nov, 18 by Barchart.com. We have $19.47 PT which if reached, will make NYSE:KKR worth $3.44 billion more.

KKR & Co. L.P. (NYSE:KKR) Ratings Coverage

Out of 8 analysts covering Kohlberg Kravis Roberts & Co. (NYSE:KKR), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Kohlberg Kravis Roberts & Co. has been the topic of 31 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, August 11. The firm earned “Hold” rating on Sunday, August 9 by Standpoint Research. On Thursday, September 24 the stock rating was maintained by Oppenheimer with “Outperform”. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, August 9 report. Jefferies initiated it with “Buy” rating and $20 target price in Thursday, December 10 report. Barclays Capital maintained the stock with “Overweight” rating in Friday, February 12 report. Barclays Capital maintained the shares of KKR in a report on Wednesday, July 27 with “Overweight” rating. Citigroup maintained KKR & Co. L.P. (NYSE:KKR) on Thursday, September 10 with “Buy” rating. The stock of KKR & Co. L.P. (NYSE:KKR) earned “Outperform” rating by Oppenheimer on Wednesday, October 28. The stock has “Buy” rating given by Jefferies on Tuesday, August 2.

According to Zacks Investment Research, “Kohlberg Kravis Roberts & Co. provides a range of asset management services to its investors and provides capital markets services to its firm, its portfolio companies and its clients. The Company operates private equity funds that take either controlling or strategic minority ownership positions for long-term appreciation; invests in leveraged loans, high-yield bonds and less liquid credit products; and, on behalf of portfolio companies, arranges equity and debt financing and offers capital market advice. Kohlberg Kravis Roberts & Co. is based at New York, New York.”

Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.02, from 0.87 in 2016Q1. The ratio improved, as 27 funds sold all KKR & Co. L.P. shares owned while 100 reduced positions. 28 funds bought stakes while 83 increased positions. They now own 238.19 million shares or 4.96% less from 250.63 million shares in 2016Q1.
Blackrock Fund Advsrs reported 725 shares or 0% of all its holdings. Renaissance Technology Ltd Liability Corp last reported 536,850 shares in the company. Cetera Advisor Lc owns 22,570 shares or 0.02% of their US portfolio. Orinda Asset Ltd Company holds 0.3% or 18,750 shares in its portfolio. Neuberger Berman Group Limited Liability Com owns 998,514 shares or 0.02% of their US portfolio. Thornburg Management last reported 0.67% of its portfolio in the stock. Janney Montgomery Scott Limited Liability Corp holds 0.02% of its portfolio in KKR & Co. L.P. (NYSE:KKR) for 85,947 shares. Jasper Ridge Prns Limited Partnership has 0.21% invested in the company for 243,866 shares. Utd Cap Advisers Ltd Liability Company has 120,266 shares for 0.01% of their US portfolio. California Public Employees Retirement System, a California-based fund reported 928,830 shares. The Illinois-based Hightower Advisors Limited Liability Company has invested 0.01% in KKR & Co. L.P. (NYSE:KKR). Oppenheimer reported 281,321 shares or 0.1% of all its holdings. Provise Management Gru Limited Com has 0.05% invested in the company for 21,545 shares. Bokf Na owns 13,724 shares or 0.01% of their US portfolio. Glob Endowment Mgmt Limited Partnership holds 0.06% or 23,440 shares in its portfolio.

Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 1 insider sale for $2.39 million net activity. The insider SCULLY ROBERT W sold $2.39M.

More recent KKR & Co. L.P. (NYSE:KKR) news were published by: Nasdaq.com which released: “Earnings Reaction History: KKR & Co. L.P., 30.0% Follow-Through Indicator, 2.2 …” on October 25, 2016. Also Reuters.com published the news titled: “BRIEF-KKR & Co Lp qtrly net income per unit $0.73” on October 25, 2016. Businesswire.com‘s news article titled: “KKR & Co. L.P. Reports Third Quarter 2016 Results” with publication date: October 25, 2016 was also an interesting one.

KKR Company Profile

KKR & CO. L.P. (KKR), incorporated on June 25, 2007, 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. The Firm conducts its business with offices across the world, providing it with a global platform for sourcing transactions, raising capital and carrying out capital markets activities. The Firm operates through four divisions: Private Markets, Public Markets, Capital Markets and Principal Activities.

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