American National Registered Investment Advisor buys $559,423 stake in KKR & Co. L.P. (KKR)

KKR & Co. L.P. (KKR) : American National Registered Investment Advisor scooped up 15,325 additional shares in KKR & Co. L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 37,850 shares of KKR & Co. L.P. which is valued at $559,423.KKR & Co. L.P. makes up approximately 0.25% of American National Registered Investment Advisor’s portfolio.

Other Hedge Funds, Including , Fcg Advisors added KKR to its portfolio by purchasing 11,015 company shares during the most recent quarter which is valued at $162,802. KKR & Co. L.P. makes up approx 0.05% of Fcg Advisors’s portfolio.Blackrock Fund Advisors reduced its stake in KKR by selling 14,000 shares or 95.08% in the most recent quarter. The Hedge Fund company now holds 725 shares of KKR which is valued at $10,716.Janney Montgomery Scott reduced its stake in KKR by selling 8,396 shares or 8.9% in the most recent quarter. The Hedge Fund company now holds 85,947 shares of KKR which is valued at $1,257,405. KKR & Co. L.P. makes up approx 0.02% of Janney Montgomery Scott’s portfolio.Sg Americas Securities reduced its stake in KKR by selling 260,400 shares or 32.56% in the most recent quarter. The Hedge Fund company now holds 539,471 shares of KKR which is valued at $7,692,856. KKR & Co. L.P. makes up approx 0.06% of Sg Americas Securities’s portfolio.Palisade Capital Managementnj reduced its stake in KKR by selling 3,570 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 181,135 shares of KKR which is valued at $2,582,985. KKR & Co. L.P. makes up approx 0.11% of Palisade Capital Managementnj’s portfolio.

KKR & Co. L.P. closed down -0.12 points or -0.80% at $14.97 with 19,92,331 shares getting traded on Tuesday. Post opening the session at $15.12, the shares hit an intraday low of $14.94 and an intraday high of $15.13 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, KKR & Co. L.P. reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.05. The company had revenue of $576.70 million for the quarter, compared to analysts expectations of $273.70 million. The company’s revenue was up 125.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

Many Wall Street Analysts have commented on KKR & Co. L.P.. Credit Suisse Resumed KKR & Co. L.P. on Jul 7, 2016 to “Outperform”, Price Target of the shares are set at $16.

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. 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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