What Will The Effects of a Citigroup Upgrade Be For KKR (KKR) Shares?

May 17, 2018 - By Rusty Cady

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.

10 holds 2.27% in KKR & Co. L.P. (NYSE:KKR) or 450,664 shares. Markel accumulated 967,000 shares. Waratah Capital Advsr reported 74,492 shares. Walnut Private Equity Ptnrs Ltd Co invested 7.42% of its portfolio in KKR & Co. L.P. (NYSE:KKR). 600,000 were accumulated by Robeco Institutional Asset Management Bv. Finemark Savings Bank invested in 0.01% or 10,300 shares. Pinnacle Fincl Prns holds 61,000 shares. 18,292 were reported by Sigma Planning Corp. Serengeti Asset Mgmt Ltd Partnership holds 0.62% or 150,000 shares. Covey Advsr Ltd Liability Co has 5.67% invested in KKR & Co. L.P. (NYSE:KKR) for 203,503 shares. Susquehanna Int Ltd Liability Partnership has 381,326 shares. Bollard Group Incorporated Lc holds 267,732 shares or 0.27% of its portfolio. Gamco Investors Et Al has invested 0.03% of its portfolio in KKR & Co. L.P. (NYSE:KKR). Lpl Financial Limited Liability Company invested in 0.03% or 425,596 shares. Bnp Paribas Arbitrage Sa reported 456,673 shares or 0.02% of all its holdings.

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

KKR (KKR) Stock Upgrade

It will be interesting to watch today’s trading of shares of KKR (KKR) as Citigroup upped the stock from a “Neutral” to a respectable “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. (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: Seekingalpha.com which released: “KKR At Last Goes From Partnership To Corporation – Investors Win” on May 08, 2018, also Businesswire.com with their article: “KKR & Co. LP Reports First Quarter 2018 Results” published on May 03, 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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