Citigroup Raises KKR (NYSE:KKR) Stock To a Buy Rating

May 17, 2018 - By Darrin Black

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

Investors sentiment increased to 1.07 in Q4 2017. 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.

Compton Management Ri reported 15,450 shares. Oppenheimer And accumulated 386,575 shares. Envestnet Asset reported 28 shares. Riggs Asset Managment Co stated it has 418 shares or 0% of all its holdings. Susquehanna Int Ltd Liability Partnership reported 0% in KKR & Co. L.P. (NYSE:KKR). Benchmark Capital stated it has 2.55% in KKR & Co. L.P. (NYSE:KKR). Garnet Equity Incorporated holds 160,000 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation owns 84,683 shares. The Pennsylvania-based Sei Investments has invested 0% in KKR & Co. L.P. (NYSE:KKR). Two Sigma Securities Limited Liability Company reported 11,905 shares stake. Peak6 Invs Ltd Partnership reported 69,183 shares. Lpl Finance Ltd owns 0.03% invested in KKR & Co. L.P. (NYSE:KKR) for 425,596 shares. Summit Gru Ltd holds 0.03% or 10,700 shares in its portfolio. Walnut Private Equity Lc invested in 438,235 shares. Nfc Invests reported 0.08% in KKR & Co. L.P. (NYSE:KKR).

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

KKR (NYSE:KKR) Stock Upgrade

Citigroup gave KKR (NYSE:KKR) shares a new Buy rating in an analyst note sent to investors on Wednesday, 16 May. The raise from the last Neutral rating is certainly an interesting one.

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

Among 8 analysts covering KKR & Co (NYSE:KKR), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. KKR & Co has $32 highest and $21 lowest target. $26.38’s average target is 18.19% above currents $22.32 stock price. KKR & Co had 13 analyst reports since January 9, 2018 according to SRatingsIntel. Bank of America maintained the shares of KKR in report on Tuesday, March 13 with “Buy” rating. On Thursday, January 11 the stock rating was maintained by Jefferies with “Buy”. Deutsche Bank maintained KKR & Co. L.P. (NYSE:KKR) rating on Friday, February 9. Deutsche Bank has “Hold” rating and $23 target. The stock has “Hold” rating by Sandler O’Neill on Friday, February 9. Credit Suisse maintained the stock with “Buy” rating in Wednesday, January 10 report. Goldman Sachs upgraded it to “Buy” rating and $29.0 target in Tuesday, January 9 report. Credit Suisse maintained KKR & Co. L.P. (NYSE:KKR) on Friday, May 4 with “Outperform” rating. The stock of KKR & Co. L.P. (NYSE:KKR) earned “Hold” rating by Deutsche Bank on Friday, May 4. The firm has “Hold” rating by Deutsche Bank given on Friday, April 6. On Wednesday, January 10 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”.

The stock increased 3.33% or $0.72 during the last trading session, reaching $22.32. About 3.63M shares traded or 10.04% up from the average. KKR & Co. L.P. (NYSE: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 $506.64M 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: Benzinga.com which released: “Citigroup: C-Corp Conversion Raises ‘Absolute Upside’ For KKR” on May 16, 2018, also Seekingalpha.com with their article: “KKR boosting investment in high-interest, short-term home loans” published on May 14, 2018, Globenewswire.com published: “Report: Exploring Fundamental Drivers Behind Valvoline, KKR & Co., Otonomy, Radian Group, Red Rock Resorts, and …” on May 11, 2018. More interesting news about KKR & Co. L.P. (NYSE:KKR) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” published on May 16, 2018 as well as Businesswire.com‘s news article titled: “Toorak Capital Partners Closes Increased KKR Investment as Company Reaches $1 Billion Milestone” with publication date: May 14, 2018.

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

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