Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) Shares Sold by PenderFund Capital Management Ltd.

PenderFund Capital Management Ltd. reduced its position in Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR) by 22.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,020 shares of the asset manager’s stock after selling 22,600 shares during the period. Kohlberg Kravis Roberts & Co. L.P. makes up approximately 1.8% of PenderFund Capital Management Ltd.’s holdings, making the stock its 18th largest holding. PenderFund Capital Management Ltd.’s holdings in Kohlberg Kravis Roberts & Co. L.P. were worth $5,640,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CWM LLC increased its position in shares of Kohlberg Kravis Roberts & Co. L.P. by 2.9% in the first quarter. CWM LLC now owns 6,971 shares of the asset manager’s stock worth $366,000 after acquiring an additional 194 shares in the last quarter. Arizona State Retirement System increased its holdings in Kohlberg Kravis Roberts & Co. L.P. by 12.7% in the 2nd quarter. Arizona State Retirement System now owns 172,301 shares of the asset manager’s stock valued at $9,649,000 after purchasing an additional 19,473 shares in the last quarter. O ROURKE & COMPANY Inc raised its position in Kohlberg Kravis Roberts & Co. L.P. by 2.1% in the second quarter. O ROURKE & COMPANY Inc now owns 44,067 shares of the asset manager’s stock valued at $2,468,000 after purchasing an additional 896 shares during the period. Checchi Capital Advisers LLC lifted its stake in shares of Kohlberg Kravis Roberts & Co. L.P. by 0.8% during the second quarter. Checchi Capital Advisers LLC now owns 23,425 shares of the asset manager’s stock worth $1,312,000 after purchasing an additional 187 shares in the last quarter. Finally, EA Series Trust purchased a new stake in shares of Kohlberg Kravis Roberts & Co. L.P. in the second quarter worth about $333,000. Hedge funds and other institutional investors own 54.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KKR. Keefe, Bruyette & Woods upped their price target on Kohlberg Kravis Roberts & Co. L.P. from $71.00 to $76.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Citigroup upped their price objective on shares of Kohlberg Kravis Roberts & Co. L.P. from $69.00 to $75.00 in a research report on Tuesday, August 8th. BMO Capital Markets lifted their target price on Kohlberg Kravis Roberts & Co. L.P. from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target on Kohlberg Kravis Roberts & Co. L.P. from $75.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, October 11th. Finally, The Goldman Sachs Group lifted their price objective on Kohlberg Kravis Roberts & Co. L.P. from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.97.

Kohlberg Kravis Roberts & Co. L.P. Stock Performance

KKR traded down $0.27 during trading hours on Tuesday, hitting $67.82. The company’s stock had a trading volume of 533,964 shares, compared to its average volume of 3,147,354. The company has a 50-day simple moving average of $61.04 and a 200 day simple moving average of $58.34. The company has a current ratio of 0.08, a quick ratio of 0.07 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $60.02 billion, a PE ratio of 22.47, a PEG ratio of 1.91 and a beta of 1.50. Kohlberg Kravis Roberts & Co. L.P. has a fifty-two week low of $45.03 and a fifty-two week high of $68.28.

Kohlberg Kravis Roberts & Co. L.P. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.97%. Kohlberg Kravis Roberts & Co. L.P.’s dividend payout ratio is presently 21.78%.

Kohlberg Kravis Roberts & Co. L.P. Profile

Kohlberg Kravis Roberts & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.