KKR & Co. L.P. (KKR) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.05. The company posted revenue of $576.70 million in the period, compared to analysts expectations of $273.70 million. The company’s revenue was up 125.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.
Many Wall Street Analysts have commented on KKR & Co. L.P.. Credit Suisse Resumed KKR & Co. L.P. on Jul 7, 2016 to “Outperform”, Price Target of the shares are set at $16.
KKR & Co. L.P. opened for trading at $13.04 and hit $13.71 on the upside on Wednesday, eventually ending the session at $13.68, with a gain of 4.75% or 0.62 points. The heightened volatility saw the trading volume jump to 76,04,475 shares. Company has a market cap of $6,135 M.
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.