KKR & Co. L.P. (KKR) was Resumed by Credit Suisse to “Outperform” and the brokerage firm has set the Price Target at $16. Credit Suisse advised their investors in a research report released on Jul 7, 2016.
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.
KKR & Co. L.P. closed down -0.28 points or -2.27% at $12.06 with 32,07,090 shares getting traded on Tuesday. Post opening the session at $12.21, the shares hit an intraday low of $11.95 and an intraday high of $12.265 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 7, 2015, David Sorkin (General Counsel and Secretary) sold 22,767 shares at $23.76 per share price. According to the SEC, on Aug 7, 2015, William J Janetschek (Chief Financial Officer) sold 50,000 shares at $23.78 per share price. On Mar 6, 2015, Todd A Fisher (Chief Administrative Officer) sold 153,939 shares at $23.81 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Companys 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.