KKR & Co. L.P. (NYSE:KKR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Saturday, Marketbeat.com reports.

According to Zacks, “Kohlberg Kravis Roberts & Co. provides a range of asset management services to its investors and provides capital markets services to its firm, its portfolio companies and its clients. The Company operates private equity funds that take either controlling or strategic minority ownership positions for long-term appreciation; invests in leveraged loans, high-yield bonds and less liquid credit products; and, on behalf of portfolio companies, arranges equity and debt financing and offers capital market advice. Kohlberg Kravis Roberts & Co. is based at New York, New York. “

Shares of KKR & Co. L.P. (NYSE:KKR) traded up 0.74% on Friday, reaching $13.63. The company’s stock had a trading volume of 2,751,832 shares. KKR & Co. L.P. has a 12 month low of $8.00 and a 12 month high of $25.04. The firm’s 50-day moving average price is $14.67 and its 200-day moving average price is $18.24. The stock has a market cap of $6.33 billion and a P/E ratio of 14.24.

KKR has been the subject of several other research reports. Barclays cut their price target on KKR & Co. L.P. from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. JMP Securities cut their price target on KKR & Co. L.P. from $31.00 to $29.00 in a research note on Thursday, October 8th. Oppenheimer cut their price target on KKR & Co. L.P. from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Morgan Stanley cut their price target on KKR & Co. L.P. to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Finally, Piper Jaffray reiterated a “buy” rating and set a $21.00 price target (down previously from $30.00) on shares of KKR & Co. L.P. in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.54.

Other institutional investors have recently made changes to their positions in the company. LGT Capital Partners purchased a new position in shares of KKR & Co. L.P. during the fourth quarter worth $13,719,000. Curbstone Financial Management boosted 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 worth $1,301,000 after buying an additional 37,325 shares in the last quarter. Hollencrest Securities purchased a new position in shares of KKR & Co. L.P. during the fourth quarter worth $277,000. NewSquare Capital LLC boosted its position in shares of KKR & Co. L.P. by 14.6% in the fourth quarter. NewSquare Capital LLC now owns 34,372 shares of the company’s stock worth $536,000 after buying an additional 4,368 shares in the last quarter. Finally, Sigma Planning boosted its position in shares of KKR & Co. L.P. by 2.0% in the fourth quarter. Sigma Planning now owns 16,450 shares of the company’s stock worth $256,000 after buying an additional 321 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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