Partners Group Holding Ag buys $20.8 Million stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : Partners Group Holding Ag scooped up 411,200 additional shares in KKR & Co. L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,641,836 shares of KKR & Co. L.P. which is valued at $20.8 Million.KKR & Co. L.P. makes up approximately 4.37% of Partners Group Holding Ag’s portfolio.

Other Hedge Funds, Including , Provise Management Group reduced its stake in KKR by selling 6,690 shares or 20.24% in the most recent quarter. The Hedge Fund company now holds 26,365 shares of KKR which is valued at $334,045. KKR & Co. L.P. makes up approx 0.07% of Provise Management Group’s portfolio.Penserra Capital Management reduced its stake in KKR by selling 432 shares or 8.29% in the most recent quarter. The Hedge Fund company now holds 4,777 shares of KKR which is valued at $60,525. KKR & Co. L.P. makes up approx 0.01% of Penserra Capital Management’s portfolio.Newsquare Capital boosted its stake in KKR in the latest quarter, The investment management firm added 10,574 additional shares and now holds a total of 44,946 shares of KKR & Co. L.P. which is valued at $611,266. KKR & Co. L.P. makes up approx 0.17% of Newsquare Capital’s portfolio.Commonwealth Financial Services reduced its stake in KKR by selling 6,048 shares or 37.19% in the most recent quarter. The Hedge Fund company now holds 10,216 shares of KKR which is valued at $138,938. KKR & Co. L.P. makes up approx 0.21% of Commonwealth Financial Services’s portfolio.Hl Financial Services boosted its stake in KKR in the latest quarter, The investment management firm added 8,270 additional shares and now holds a total of 35,751 shares of KKR & Co. L.P. which is valued at $486,214. KKR & Co. L.P. makes up approx 0.01% of Hl Financial Services’s portfolio.

KKR & Co. L.P. opened for trading at $12.71 and hit $13.08 on the upside on Monday, eventually ending the session at $13.01, with a gain of 2.68% or 0.34 points. The heightened volatility saw the trading volume jump to 34,38,815 shares. Company has a market cap of $5,835 M.

On the company’s financial health, KKR & Co. L.P. reported $-0.65 EPS for the quarter, missing the analyst consensus estimate by $ -0.32 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $-0.33. The company had revenue of $162.80 million for the quarter, compared to analysts expectations of $267.41 million. The company’s revenue was down -44.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 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. (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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