Revenue Update on KKR & Co. L.P.(NYSE:KKR)

KKR & Co. L.P.(NYSE:KKR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $262.11M. Analysts estimated a revenue of $271.50M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.20.

In a different note, On Jul 11, 2016, Keefe Bruyette & Woods said it Maintains its rating on KKR & Co. L.P.. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on KKR & Co. L.P.. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Overweight’ by the firm.

KKR & Co. L.P. (KKR) shares turned negative on Fridays trading session with the shares closing down -0.24 points or -1.63% at a volume of 19,30,836. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.69. The peak price level was also seen at $14.69 while the days lowest was $14.39. Finally the shares closed at $14.44. The 52-week high of the shares is $24.7 while the 52-week low is $8. According to the latest information available, the market cap of the company is $6,476 M.

Several Insider Transactions has been reported to the SEC. On Aug 7, 2015, David Sorkin (General Counsel and Secretary) sold 22,767 shares at $23.76 per share price.Also, On Aug 7, 2015, William J Janetschek (Chief Financial Officer) sold 50,000 shares at $23.78 per share price.On Mar 6, 2015, Todd A Fisher (Chief Administrative Officer) sold 153,939 shares at $23.81 per share price, according to the Form-4 filing with the securities and exchange commission.

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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