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. The Company 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 Company operates through four segments: Private Markets, Public Markets, Capital Markets and Principal Activities. It operates and reports its combined credit and hedge funds businesses through the Public Markets segment. The Capital Markets segment consists primarily of its global capital markets business. Through its Principal Activities segment, the Company manages the firm's assets and deploys capital.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Management
- Sub-Industry: N/A
- Symbol: NYSE:KKR
- CUSIP: N/A
- Web: www.kkr.com
- Market Cap: $9.07538 billion
- Outstanding Shares: 469,983,000
- 50 Day Moving Avg: $18.72
- 200 Day Moving Avg: $18.50
- 52 Week Range: $13.58 - $20.34
Sales & Book Value:
- Trailing P/E Ratio: 8.45
- Foreward P/E Ratio: 7.83
- P/E Growth: 0.13
- Annual Revenue: $5.31 billion
- Price / Sales: 1.75
- Book Value: $13.22 per share
- Price / Book: 1.49
- Annual Dividend: $0.68
- Dividend Yield: 3.5%
- Net Margins: 42.48%
- Return on Equity: 11.45%
- Return on Assets: 4.79%
- Debt-to-Equity Ratio: 1.05%
- Current Ratio: 1.05%
- Quick Ratio: 1.05%
- Average Volume: 3.19 million shs.
- Beta: 1.53
- Short Ratio: 3.43
Frequently Asked Questions for KKR & Co. L.P. (NYSE:KKR)
What is KKR & Co. L.P.'s stock symbol?
KKR & Co. L.P. trades on the New York Stock Exchange (NYSE) under the ticker symbol "KKR."
How often does KKR & Co. L.P. pay dividends? What is the dividend yield for KKR & Co. L.P.?
KKR & Co. L.P. announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.17 per share on Tuesday, August 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Thursday, August 3rd. View KKR & Co. L.P.'s Dividend History.
How will KKR & Co. L.P.'s stock buyback program work?
KKR & Co. L.P. declared that its Board of Directors has authorized a share repurchase program on Tuesday, April 11th 2017, which permits the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 35% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.
How were KKR & Co. L.P.'s earnings last quarter?
KKR & Co. L.P. (NYSE:KKR) posted its quarterly earnings data on Thursday, July, 27th. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.26. The business had revenue of $365.16 million for the quarter, compared to analysts' expectations of $300.74 million. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. During the same period in the prior year, the company earned $0.19 EPS. View KKR & Co. L.P.'s Earnings History.
When will KKR & Co. L.P. make its next earnings announcement?
Where is KKR & Co. L.P.'s stock going? Where will KKR & Co. L.P.'s stock price be in 2017?
9 brokerages have issued 12 month price targets for KKR & Co. L.P.'s shares. Their forecasts range from $17.00 to $27.00. On average, they expect KKR & Co. L.P.'s stock price to reach $21.33 in the next year. View Analyst Ratings for KKR & Co. L.P..
Who are some of KKR & Co. L.P.'s key competitors?
Some companies that are related to KKR & Co. L.P. include Legal & General Group Plc (LGEN), Hargreaves Lansdown PLC (HL), Eaton Vance Corporation (EV), Federated Investors (FII), Jupiter Fund Management PLC (JUP), Artisan Partners Asset Management (APAM), Ashmore Group plc (ASHM), AllianceBernstein Holding L.P. (AB), The Carlyle Group L.P. (CG), Financial Engines (FNGN), Cohen & Steers (CNS), OM Asset Management PLC (OMAM), Ares Management L.P. (ARES), Rathbone Brothers plc (RAT), WisdomTree Investments (WETF), Hamilton Lane (HLNE), Brewin Dolphin Holdings plc (BRW) and Virtus Investment Partners (VRTS).
Who are KKR & Co. L.P.'s key executives?
KKR & Co. L.P.'s management team includes the folowing people:
- Henry R. Kravis, Co-Chairman of the Board, Co-Chief Executive Officer of KKR Management LLC
- George R. Roberts, Co-Chairman of the Board, Co-Chief Executive Officer of KKR Management LLC
- Joseph Y. Bae, Co-President, Co-Chief Operating Officer, Director of KKR Management LLC
- Scott C. Nuttall, Co-President, Co-Chief Operating Officer, Director of KKR Management LLC
- William J. Janetschek, Chief Financial Officer of KKR Management LLC
- Todd A. Fisher, Chief Administrative Officer of KKR Management LLC
- David J. Sorkin, General Counsel, Secretary of KKR Management LLC
- David C. Drummond, Independent Director of KKR Management LLC
- Joseph A. Grundfest, Independent Director of KKR Management LLC
- John B. Hess Jr., Independent Director of KKR Management LLC
Who owns KKR & Co. L.P. stock?
KKR & Co. L.P.'s stock is owned by a variety of of retail and institutional investors. Top institutional investors include
VA PARTNERS I, LLC
(8.90%), FMR LLC (8.99%),
VA PARTNERS I, LLC
VA PARTNERS I, LLC
(6.10%), Capital Research Global Investors (3.54%) and Principal Financial Group Inc. (2.80%). View Institutional Ownership Trends for KKR & Co. L.P..
Who sold KKR & Co. L.P. stock? Who is selling KKR & Co. L.P. stock?
KKR & Co. L.P.'s stock was sold by a variety of institutional investors in the last quarter, including OZ Management LP, Brookfield Asset Management Inc., Bank of Montreal Can, Artemis Investment Management LLP, Parametric Portfolio Associates LLC, Bank of New York Mellon Corp, BBR Partners LLC and Creative Planning. View Insider Buying and Selling for KKR & Co. L.P..
Who bought KKR & Co. L.P. stock? Who is buying KKR & Co. L.P. stock?
KKR & Co. L.P.'s stock was acquired by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., ValueAct Holdings L.P., JPMorgan Chase & Co., GMT Capital Corp, Alliancebernstein L.P., Renaissance Technologies LLC, FMR LLC and Beach Investment Management LLC.. View Insider Buying and Selling for KKR & Co. L.P..
How do I buy KKR & Co. L.P. stock?
Shares of KKR & Co. L.P. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is KKR & Co. L.P.'s stock price today?
MarketBeat Community Rating for KKR & Co. L.P. (NYSE KKR)MarketBeat's community ratings are surveys of what our community members think about KKR & Co. L.P. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of KKR & Co. L.P. stock can currently be purchased for approximately $19.73.
Consensus Ratings for KKR & Co. L.P. (NYSE:KKR) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$21.33 (8.13% upside)|
Analysts' Ratings History for KKR & Co. L.P. (NYSE:KKR)
(Data available from 9/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/8/2017||Morgan Stanley||Boost Price Target||Equal Weight||$19.00 -> $20.00||Low|
|7/14/2017||Oppenheimer Holdings, Inc.||Boost Price Target||Outperform||$26.00 -> $27.00||Low|
|6/30/2017||Jefferies Group LLC||Reiterated Rating||Buy||Low|
|5/30/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$23.00||Low|
|5/1/2017||JMP Securities||Reiterated Rating||Outperform||$25.00||Low|
|4/28/2017||Deutsche Bank AG||Boost Price Target||Hold||$18.00 -> $20.00||Low|
|4/17/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||$20.50 -> $19.00||High|
|2/16/2017||Credit Suisse Group||Set Price Target||Buy||$19.00||N/A|
|12/4/2016||Wells Fargo & Company||Reiterated Rating||Outperform||$16.00 -> $17.00||N/A|
|8/9/2016||Barclays PLC||Set Price Target||Buy||$16.00 -> $17.00||N/A|
|2/16/2016||Piper Jaffray Companies||Reiterated Rating||Overweight||$21.00 -> $20.00||N/A|
Earnings History for KKR & Co. L.P. (NYSE:KKR)Earnings History by Quarter for KKR & Co. L.P. (NYSE KKR)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.63||$0.89||$300.74 million||$365.16 million||View||N/A|
|4/27/2017||Q1 2017||$0.51||$0.65||$297.88 million||$715.90 million||View||N/A|
|2/9/2017||Q416||$0.43||$0.40||$273.23 million||$481.50 million||View||Listen|
|10/25/2016||Q316||$0.65||$0.71||$270.76 million||$687.06 million||View||N/A|
|7/26/2016||Q216||$0.05||$0.23||$271.50 million||$576.76 million||View||Listen|
|4/25/2016||Q116||($0.33)||($0.65)||$276.90 million||$279.90 million||View||Listen|
|2/11/2016||Q415||$0.27||$0.08||$284.25 million||$307.90 million||View||Listen|
|10/27/2015||Q315||($0.30)||($0.37)||$264.32 million||$188.60 million||View||Listen|
|7/23/2015||Q215||$0.62||$0.88||$259.86 million||$272.00 million||View||Listen|
|4/23/2015||Q115||$0.53||$0.62||$268.80 million||$291.35 million||View||N/A|
|2/10/2015||Q414||$0.40||$0.05||$259.81 million||$256.00 million||View||N/A|
|10/23/2014||Q314||$0.36||$0.50||$277.90 million||$344.70 million||View||Listen|
|7/24/2014||Q214||$0.64||$0.62||$297.80 million||$249.37 million||View||N/A|
|4/24/2014||Q114||$0.50||$0.82||$279.30 million||$302.93 million||View||Listen|
|2/6/2014||Q413||$0.72||$1.08||$371.90 million||$224.90 million||View||Listen|
|10/24/2013||Q313||$0.58||$0.84||$253.80 million||$220.03 million||View||Listen|
|7/26/2013||Q2 2013||$0.26||$0.18||$239.82 million||$292.02 million||View||Listen|
|4/25/2013||Q1 2013||$0.79||$0.88||$229.97 million||$221.11 million||View||Listen|
|2/7/2013||Q4 2012||$0.21||$0.48||$215.20 million||$177.62 million||View||Listen|
|10/26/2012||Q312||$0.47||$0.69||$164.80 million||$162.15 million||View||N/A|
Earnings Estimates for KKR & Co. L.P. (NYSE:KKR)
2017 EPS Consensus Estimate: $2.36
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for KKR & Co. L.P. (NYSE:KKR)
|Most Recent Dividend:||8/22/2017|
|Dividend Growth:||-26.60% (3 Year Average)|
|Payout Ratio:||28.22% (Trailing 12 Months of Earnings) |
26.05% (Based on This Year's Estimates)
26.98% (Based on Next Year's Estimates)
Dividend History by Quarter for KKR & Co. L.P. (NYSE KKR)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for KKR & Co. L.P. (NYSE:KKR)
Institutional Ownership Percentage: 65.19%Insider Trades by Quarter for KKR & Co. L.P. (NYSE:KKR)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/17/2017||Robert W Scully||Director||Buy||55,000||$18.21||$1,001,550.00|| |
|8/2/2016||Robert W Scully||Director||Sell||168,400||$14.22||$2,394,648.00|| |
|5/8/2015||William J Janetschek||CFO||Sell||100,000||$22.66||$2,266,000.00|| |
|4/30/2015||David Sorkin||General Counsel||Sell||27,233||$22.62||$616,010.46|| |
|3/5/2015||David Sorkin||General Counsel||Sell||40,000||$24.02||$960,800.00|| |
|3/5/2015||William J Janetschek||CFO||Sell||100,000||$24.00||$2,400,000.00|| |
|7/31/2014||David Sorkin||General Counsel||Sell||8,475||$22.97||$194,670.75|| |
|5/29/2014||William J Janetschek||CFO||Sell||100,000||$22.78||$2,278,000.00|| |
|5/23/2014||David Sorkin||General Counsel||Sell||25,000||$23.03||$575,750.00|| |
|5/23/2014||William J Janetschek||CFO||Sell||31,948||$23.34||$745,666.32|| |
|2/20/2014||David Sorkin||General Counsel||Sell||25,000||$23.85||$596,250.00|| |
|8/7/2013||David Sorkin||General Counsel||Sell||9,331||$20.36||$189,979.16|| |
|8/1/2013||David Sorkin||General Counsel||Sell||15,669||$20.87||$327,012.03|| |
|5/30/2013||Robert W Scully||Director||Buy||91,000||$19.93||$1,813,630.00|| |
|5/9/2013||Todd A Fisher||Insider||Sell||70,000||$21.01||$1,470,700.00|| |
|5/9/2013||William J Janetschek||CFO||Sell||80,000||$20.90||$1,672,000.00|| |
|10/31/2012||Todd A Fisher||Insider||Sell||135,338||$15.08||$2,040,897.04|| |
Headline Trends for KKR & Co. L.P. (NYSE:KKR)
Latest Headlines for KKR & Co. L.P. (NYSE:KKR)
KKR & Co. L.P. (KKR) Chart for Saturday, September, 23, 2017