KKR & Co. L.P. (NYSE:KKR) announced its quarterly earnings data on Thursday. The asset manager reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04), Bloomberg Earnings reports. The firm had revenue of $941.64 million for the quarter, compared to analysts’ expectations of $367.36 million. KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.53%. The business’s quarterly revenue was up 95.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS.

KKR & Co. L.P. (KKR) opened at $21.19 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $10,067.23, a PE ratio of 10.87, a PEG ratio of 0.63 and a beta of 1.55. KKR & Co. L.P. has a 52-week low of $16.77 and a 52-week high of $24.50.

In related news, major shareholder Holdings L.P. Valueact purchased 1,450,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $21.55 per share, with a total value of $31,247,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Several equities analysts have commented on the company. Sandler O’Neill set a $22.00 price objective on KKR & Co. L.P. and gave the company a “hold” rating in a research report on Friday. Deutsche Bank raised their price objective on KKR & Co. L.P. from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Friday. ValuEngine raised KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Credit Suisse Group reissued an “outperform” rating and set a $31.00 price objective (up previously from $23.00) on shares of KKR & Co. L.P. in a research report on Wednesday, January 10th. They noted that the move was a valuation call. Finally, TheStreet raised KKR & Co. L.P. from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. KKR & Co. L.P. presently has an average rating of “Buy” and an average target price of $24.30.

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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.

Earnings History for KKR & Co. L.P. (NYSE:KKR)

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