Curbstone Financial Management Corp buys $1.5 Million stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Curbstone Financial Management Corp scooped up 32,050 additional shares in KKR & Co. L.P. during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 115,500 shares of KKR & Co. L.P. which is valued at $1.5 Million.KKR & Co. L.P. makes up approximately 0.51% of Curbstone Financial Management Corp’s portfolio.

Other Hedge Funds, Including , Hollencrest Securities boosted its stake in KKR in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 17,786 shares of KKR & Co. L.P. which is valued at $234,597. KKR & Co. L.P. makes up approx 0.04% of Hollencrest Securities’s portfolio. Cacti Asset Management added KKR to its portfolio by purchasing 73,500 company shares during the most recent quarter which is valued at $1.1 Million. KKR & Co. L.P. makes up approx 0.11% of Cacti Asset Management’s portfolio.

On the company’s financial health, KKR & Co. L.P. reported $0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Feb 11, 2016. Analyst had a consensus of $0.27. The company had revenue of $307.92 million for the quarter, compared to analysts expectations of $282.16 million. The company’s revenue was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on KKR & Co. L.P.. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .KKR & Co. L.P. was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 17, 2016. Shares were Reiterated by Barclays on Feb 12, 2016 to “Overweight” and Lowered the Price Target to $ 16 from a previous price target of $18 .

KKR & Co. L.P. opened for trading at $13.08 and hit $13.29 on the upside on Monday, eventually ending the session at $13.19, with a gain of 1.07% or 0.14 points. The heightened volatility saw the trading volume jump to 26,49,872 shares. Company has a market cap of $5,926 M.

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 operates through three segments: Private Markets Public Markets Capital Markets and Other and Client & Partner Group. Through Private Markets segment the Company manages and sponsors a group of private equity funds and co-investment vehicles that invest capital for long-term appreciation either through controlling ownership of a company or strategic minority positions. The Company operates its combined credit and hedge funds businesses through the Public Markets segment. The Capital Markets and Other segment consist primarily of KKR’s global capital markets business.

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