KKR & Co. L.P. (NYSE:KKR) had its price objective hoisted by stock analysts at Morgan Stanley from $20.00 to $21.00 in a research note issued to investors on Thursday. The brokerage currently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price target indicates a potential upside of 3.14% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, July 18th. ValuEngine downgraded shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating on shares of KKR & Co. L.P. in a report on Friday, June 30th. BidaskClub raised shares of KKR & Co. L.P. from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Oppenheimer Holdings, Inc. boosted their price target on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. KKR & Co. L.P. has an average rating of “Buy” and an average price target of $21.40.

KKR & Co. L.P. (KKR) traded up 0.860% during mid-day trading on Thursday, hitting $20.535. 649,619 shares of the stock traded hands. The stock has a 50-day moving average of $18.98 and a 200 day moving average of $18.63. KKR & Co. L.P. has a 1-year low of $13.58 and a 1-year high of $20.64. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 8.794 and a beta of 1.53.

KKR & Co. L.P. (NYSE:KKR) last released its earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. The firm had revenue of $365.16 million during the quarter, compared to analyst estimates of $300.74 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. On average, equities analysts expect that KKR & Co. L.P. will post $2.65 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was first published by Marea Informative and is owned by of Marea Informative. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at http://www.mareainformativa.com/morgan-stanley-boosts-kkr-co-l-p-kkr-price-target-to-21-00/116942/.

In related news, Director Robert W. Scully acquired 55,000 shares of KKR & Co. L.P. stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $18.21 per share, with a total value of $1,001,550.00. Following the completion of the acquisition, the director now directly owns 49,495 shares of the company’s stock, valued at approximately $901,303.95. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A number of hedge funds have recently bought and sold shares of the stock. Curbstone Financial Management Corp lifted its holdings in KKR & Co. L.P. by 98.4% in the third quarter. Curbstone Financial Management Corp now owns 95,250 shares of the asset manager’s stock worth $1,936,000 after purchasing an additional 47,250 shares during the period. Cacti Asset Management LLC lifted its holdings in KKR & Co. L.P. by 30.7% in the third quarter. Cacti Asset Management LLC now owns 183,000 shares of the asset manager’s stock worth $3,644,000 after purchasing an additional 43,000 shares during the period. WFG Advisors LP lifted its holdings in KKR & Co. L.P. by 24.9% in the second quarter. WFG Advisors LP now owns 169,373 shares of the asset manager’s stock worth $3,150,000 after purchasing an additional 33,774 shares during the period. Advisory Services Network LLC lifted its holdings in KKR & Co. L.P. by 1.8% in the second quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock worth $119,000 after purchasing an additional 115 shares during the period. Finally, National Asset Management Inc. lifted its holdings in KKR & Co. L.P. by 8.2% in the second quarter. National Asset Management Inc. now owns 28,344 shares of the asset manager’s stock worth $528,000 after purchasing an additional 2,149 shares during the period. 65.19% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for KKR & Co. L.P. (NYSE:KKR)

Receive News & Stock Ratings for KKR & Co. L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. L.P. and related stocks with our FREE daily email newsletter.