Trade Report: The SOL Capital Management CO reached $3,447,000 position of KKR & Co. L.P. (KKR)

The SOL Capital Management CO reached $3,447,000 position  of KKR & Co. L.P. (KKR)

SOL Capital Management CO lowered its position in KKR & Co. L.P. (NYSE:KKR) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,325 shares of the company’s stock after selling 16,000 shares during the period. KKR & Co. L.P. comprises about 1.1% of SOL Capital Management CO’s portfolio, making the stock its 18th largest position. SOL Capital Management CO’s holdings in KKR & Co. L.P. were worth $3,447,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Palo Capital Inc. purchased a new position in shares of KKR & Co. L.P. during the second quarter worth about $176,000. BlackRock Japan Co. Ltd increased its position in shares of KKR & Co. L.P. by 15.2% in the first quarter. BlackRock Japan Co. Ltd now owns 14,315 shares of the company’s stock worth $210,000 after buying an additional 1,890 shares during the period. First Dallas Securities Inc. purchased a new position in shares of KKR & Co. L.P. during the second quarter worth about $182,000. Carroll Financial Associates Inc. increased its position in shares of KKR & Co. L.P. by 58.3% in the second quarter. Carroll Financial Associates Inc. now owns 16,293 shares of the company’s stock worth $201,000 after buying an additional 6,003 shares during the period. Finally, Sigma Planning Corp increased its position in shares of KKR & Co. L.P. by 1.6% in the second quarter. Sigma Planning Corp now owns 17,300 shares of the company’s stock worth $213,000 after buying an additional 272 shares during the period.

KKR & Co. L.P. (NYSE:KKR) traded down 0.15% during mid-day trading on Friday, hitting $13.75. 1,283,901 shares of the stock traded hands. The firm’s market cap is $6.12 billion. KKR & Co. L.P. has a 52-week low of $10.89 and a 52-week high of $19.20. The firm’s 50-day moving average is $14.47 and its 200 day moving average is $13.83.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.18. The company earned $576.76 million during the quarter, compared to the consensus estimate of $271.50 million. The business’s revenue was up 125.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. Equities analysts predict that KKR & Co. L.P. will post $0.50 EPS for the current fiscal year.

KKR has been the topic of a number of recent analyst reports. Vetr upgraded shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating and set a $14.18 price target on the stock in a research report on Monday, June 20th. Zacks Investment Research downgraded shares of KKR & Co. L.P. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 29th. Credit Suisse Group AG initiated coverage on shares of KKR & Co. L.P. in a research report on Thursday, July 7th. They issued an “outperform” rating and a $16.00 price target on the stock. Barclays PLC dropped their price target on shares of KKR & Co. L.P. from $16.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 price target (down previously from $21.00) on shares of KKR & Co. L.P. in a research report on Monday, July 11th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.88.

In related news, Director Robert W. Scully sold 168,400 shares of KKR & Co. L.P. stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $14.22, for a total value of $2,394,648.00. Following the sale, the director now owns 43,276 shares in the company, valued at $615,384.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

About KKR & Co. L.P.

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.

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