KKR & Co. L.P. (NYSE:KKR) – Oppenheimer decreased their FY2015 earnings estimates for shares of KKR & Co. L.P. in a research note issued to investors on Wednesday, Zacks Investment Research reports. Oppenheimer analyst C. Kotowski now forecasts that the brokerage will post earnings of $1.28 per share for the year, down from their prior forecast of $1.79. Oppenheimer currently has a “Outperform” rating and a $28.00 target price on the stock. The consensus estimate for KKR & Co. L.P.’s FY2015 earnings is $2.34 per share. Oppenheimer also issued estimates for KKR & Co. L.P.’s Q4 2015 earnings at $0.16 EPS.

Other equities research analysts also recently issued reports about the company. JMP Securities lowered their price target on KKR & Co. L.P. from $31.00 to $29.00 in a report on Thursday, October 8th. Piper Jaffray restated a “buy” rating and issued a $21.00 price target (down from $30.00) on shares of KKR & Co. L.P. in a report on Wednesday, October 28th. Jefferies Group started coverage on KKR & Co. L.P. in a report on Thursday, December 10th. They issued a “buy” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods lowered their price target on KKR & Co. L.P. from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, January 13th. Finally, Credit Suisse lowered their price target on KKR & Co. L.P. from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, December 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $22.54.

KKR & Co. L.P. (NYSE:KKR) opened at 13.40 on Monday. KKR & Co. L.P. has a 12 month low of $8.00 and a 12 month high of $25.04. The firm has a 50-day moving average price of $15.03 and a 200 day moving average price of $18.49. The company has a market capitalization of $6.23 billion and a P/E ratio of 14.00.

A number of hedge funds and institutional investors recently modified their holdings of the stock. LGT Capital Partners bought a new position in shares of KKR & Co. L.P. during the fourth quarter valued at approximately $13,719,000. Curbstone Financial Management increased its position in shares of KKR & Co. L.P. by 80.9% in the fourth quarter. Curbstone Financial Management now owns 83,450 shares of the company’s stock valued at $1,301,000 after buying an additional 37,325 shares in the last quarter. EJF Capital increased its position in shares of KKR & Co. L.P. by 20.0% in the third quarter. EJF Capital now owns 30,000 shares of the company’s stock valued at $503,000 after buying an additional 5,000 shares in the last quarter. Raymond James Trust increased its position in shares of KKR & Co. L.P. by 46.6% in the fourth quarter. Raymond James Trust now owns 20,875 shares of the company’s stock valued at $326,000 after buying an additional 6,640 shares in the last quarter. Finally, Grassi Investment Management increased its position in shares of KKR & Co. L.P. by 11.5% in the fourth quarter. Grassi Investment Management now owns 320,489 shares of the company’s stock valued at $4,996,000 after buying an additional 33,006 shares in the last quarter.

KKR & CO. L.P. (NYSE: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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