Finally Time To Raise Your Stake? Citigroup Upgrades KKR (KKR) Shares

May 17, 2018 - By Richard Conner

KKR & Co. L.P. (NYSE:KKR) Logo

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.10, from 0.97 in 2017Q3. It is positive, as 29 investors sold KKR & Co. L.P. shares while 84 reduced holdings. 38 funds opened positions while 83 raised stakes. 308.46 million shares or 7.55% more from 286.80 million shares in 2017Q3 were reported.

Putnam Invests Ltd Liability Co has invested 0.36% in KKR & Co. L.P. (NYSE:KKR). Levy Harkins Inc has invested 2.02% in KKR & Co. L.P. (NYSE:KKR). Hsbc Hldg Public Limited invested in 0% or 65,959 shares. First Midwest Retail Bank Trust Division accumulated 66,770 shares or 0.18% of the stock. York Global Ltd Company reported 0.27% stake. Provise Mgmt Ltd Liability Com holds 0.03% or 9,715 shares in its portfolio. Beach Inv Limited Liability Co owns 0.74% invested in KKR & Co. L.P. (NYSE:KKR) for 23,080 shares. Cambridge Investment Research Advsrs has 46,803 shares. Beck Cap Ltd Liability Corporation has 1.83% invested in KKR & Co. L.P. (NYSE:KKR). Guinness Asset Mngmt holds 0.08% of its portfolio in KKR & Co. L.P. (NYSE:KKR) for 18,200 shares. Stelac Advisory Ser Ltd has 6,271 shares for 0.06% of their portfolio. Edge Wealth Management Llc has 0.03% invested in KKR & Co. L.P. (NYSE:KKR) for 5,200 shares. Mirador Cap Ptnrs L P reported 73,351 shares stake. Northeast Consultants holds 0.28% in KKR & Co. L.P. (NYSE:KKR) or 39,800 shares. Credit Suisse Ag has 4.49 million shares.

Since February 9, 2018, it had 1 buy, and 0 insider sales for $10.52 million activity.

KKR (KKR) Stock Upgrade

In an analyst note made public on 16 May, Citigroup announced that they have decided to upgrade shares of KKR (KKR) stock from a Neutral to a Buy.

The stock increased 3.33% or $0.72 during the last trading session, reaching $22.32. About 3.63 million shares traded or 10.04% up from the average. KKR & Co. L.P. (KKR) has risen 15.21% since May 17, 2017 and is uptrending. It has outperformed by 3.66% the S&P500.

Analysts await KKR & Co. L.P. (NYSE:KKR) to report earnings on July, 26. They expect $0.61 EPS, down 31.46 % or $0.28 from last year’s $0.89 per share. KKR’s profit will be $506.64 million for 9.15 P/E if the $0.61 EPS becomes a reality. After $0.42 actual EPS reported by KKR & Co. L.P. for the previous quarter, Wall Street now forecasts 45.24 % EPS growth.

KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments in fintech sector. The company has market cap of $18.54 billion. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments. It has a 11.45 P/E ratio. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things , internet, information services, information technology infrastructure, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy.

More notable recent KKR & Co. L.P. (NYSE:KKR) news were published by: Businesswire.com which released: “KKR & Co. LP Reports First Quarter 2018 Results” on May 03, 2018, also Seekingalpha.com with their article: “KKR boosting investment in high-interest, short-term home loans” published on May 14, 2018, Benzinga.com published: “Citigroup: C-Corp Conversion Raises ‘Absolute Upside’ For KKR” on May 16, 2018. More interesting news about KKR & Co. L.P. (NYSE:KKR) were released by: Seekingalpha.com and their article: “KKR At Last Goes From Partnership To Corporation – Investors Win” published on May 08, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” with publication date: May 16, 2018.

KKR & Co. L.P. (NYSE:KKR) Institutional Positions Chart

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