KKR & Co. LP

KKR-N

NYSE:KKR

30.23
0.47 (1.52%)
KKR & Co. L.P. is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds.
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Analysis and Opinions about KKR-N

Signal
Opinion
Expert
COMMENT
COMMENT
January 13, 2020

They suffer from lumpy revenues, receiving a cut of sales when they liquidate their properties, a system that the street doesn't industry. This pressures KKR stock. Prefers BAM who are more diversified internationally.

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KKR & Co. LP (KKR-N)
January 13, 2020

They suffer from lumpy revenues, receiving a cut of sales when they liquidate their properties, a system that the street doesn't industry. This pressures KKR stock. Prefers BAM who are more diversified internationally.

COMMENT
COMMENT
October 25, 2019
They buy assets using funds raised through private and capital markets. They also make money by charging a 2% management fee. Usually, they buy assets at the end of a cycle and do well in the next cycle. However, he wonders the value in pushing money into something that is pro-cyclical. If there is another December event like last year, then he would get in. Buy cheap and sell high.
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KKR & Co. LP (KKR-N)
October 25, 2019
They buy assets using funds raised through private and capital markets. They also make money by charging a 2% management fee. Usually, they buy assets at the end of a cycle and do well in the next cycle. However, he wonders the value in pushing money into something that is pro-cyclical. If there is another December event like last year, then he would get in. Buy cheap and sell high.
COMMENT
COMMENT
April 27, 2018

This financial services firm has billions under management in private funds. It depends on your outlook on interest rates and the economy. If the overall financial sector continues to grow you will do well here.

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KKR & Co. LP (KKR-N)
April 27, 2018

This financial services firm has billions under management in private funds. It depends on your outlook on interest rates and the economy. If the overall financial sector continues to grow you will do well here.

STRONG BUY
STRONG BUY
March 7, 2018

This is an alternative asset manager. Their exit strategy is to sell these alternative assets to the market. When the market has a correction, it raises concern about their exit strategy. As this was a short-term market correction, this company should benefit from a recovery. It has out-performed over 85% of the S&P500 stocks over the past 12 months. He would buy it right here. It is only 9-10 times earnings and they will have opportunities to monetize its assets.

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KKR & Co. LP (KKR-N)
March 7, 2018

This is an alternative asset manager. Their exit strategy is to sell these alternative assets to the market. When the market has a correction, it raises concern about their exit strategy. As this was a short-term market correction, this company should benefit from a recovery. It has out-performed over 85% of the S&P500 stocks over the past 12 months. He would buy it right here. It is only 9-10 times earnings and they will have opportunities to monetize its assets.

COMMENT
COMMENT
November 8, 2017

Has been a strong performer. The story hasn't changed for a number of years. When credit spreads blew out in the 1st part of 2016, this company did a good job of clawing its way back. A lot of good things are happening in the company. They still have the ability to raise a lot of capital. Assets under management year-over-year has very strong growth. Performance has been very good, which leads to performance fees they've been collecting. This is a core holding in her portfolio.

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KKR & Co. LP (KKR-N)
November 8, 2017

Has been a strong performer. The story hasn't changed for a number of years. When credit spreads blew out in the 1st part of 2016, this company did a good job of clawing its way back. A lot of good things are happening in the company. They still have the ability to raise a lot of capital. Assets under management year-over-year has very strong growth. Performance has been very good, which leads to performance fees they've been collecting. This is a core holding in her portfolio.

COMMENT
COMMENT
October 24, 2017

You have to think that although interest rates are rising, private equity guys should be looking at shops such as energy, retail, grocery food stores, etc. There is value out there, and there is cheap capital to be put to work. When you invest in this company, you are making a bet that management can find some very strong returns to invest in. He likes this as a very diversified financial.

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KKR & Co. LP (KKR-N)
October 24, 2017

You have to think that although interest rates are rising, private equity guys should be looking at shops such as energy, retail, grocery food stores, etc. There is value out there, and there is cheap capital to be put to work. When you invest in this company, you are making a bet that management can find some very strong returns to invest in. He likes this as a very diversified financial.

COMMENT
COMMENT
October 5, 2017

This is cheap. However, the issue is, is it going to get any more expensive. The balance sheet really hasn’t gone anywhere. In particular the earnings aren’t going anywhere. They haven’t done anything spectacular recently to capture people’s imaginations.

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KKR & Co. LP (KKR-N)
October 5, 2017

This is cheap. However, the issue is, is it going to get any more expensive. The balance sheet really hasn’t gone anywhere. In particular the earnings aren’t going anywhere. They haven’t done anything spectacular recently to capture people’s imaginations.

COMMENT
COMMENT
August 16, 2017

This is in the private equity space, and he would prefer public equities today, where you pay a lower price. However, this company will do just fine.

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KKR & Co. LP (KKR-N)
August 16, 2017

This is in the private equity space, and he would prefer public equities today, where you pay a lower price. However, this company will do just fine.

COMMENT
COMMENT
June 20, 2017

This is run by brilliant men who have had a great track record of acquisitions. The stock continues to drift upwards and will probably continue to do so over the years. You are not buying a business, you are actually buying the leadership and the trust in the leadership. You will probably be fine with this over the long-term.

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KKR & Co. LP (KKR-N)
June 20, 2017

This is run by brilliant men who have had a great track record of acquisitions. The stock continues to drift upwards and will probably continue to do so over the years. You are not buying a business, you are actually buying the leadership and the trust in the leadership. You will probably be fine with this over the long-term.

COMMENT
COMMENT
May 9, 2017

Has owned this for a number of years. There has been concern as to how much leverage there is when taking over companies, and what happens when interest rates increase. That may put some pressure on some players. Coming out of the downturn, there were a lot of private equity players, and not all of them did well. There is a big difference in returns between top players and the others, so there has been a lot of asset flows coming into the top players. It seems that it helps not having to use as much leverage when you are taking over companies. So far, she hasn’t seen any impact on the valuations.

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Has owned this for a number of years. There has been concern as to how much leverage there is when taking over companies, and what happens when interest rates increase. That may put some pressure on some players. Coming out of the downturn, there were a lot of private equity players, and not all of them did well. There is a big difference in returns between top players and the others, so there has been a lot of asset flows coming into the top players. It seems that it helps not having to use as much leverage when you are taking over companies. So far, she hasn’t seen any impact on the valuations.

DON'T BUY
DON'T BUY
February 14, 2017

KKR & Co (KKR-N) or Blackstone (BX-N)? He prefers an asset manager that is focused on public market equities. Asset classes are always being revalued. At certain times, certain asset classes do better than others. We have just gone through 10 years where regulation, compliance and rules around being a public company went through the roof, and it became very, very expensive. During that time, managing investing in private companies became very attractive, as they didn’t have the same problems. However, many private companies trade at higher valuations than public market companies, and yet public market companies are liquid every day and can be bought or sold. We have entered a period of many years where public market equities and developed markets, are likely to outperform. Asset managers in that area are under-owned and under-loved, and things are changing for the better. Multiples are expanding. Prefers Morgan Stanley (MS-N).

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KKR & Co. LP (KKR-N)
February 14, 2017

KKR & Co (KKR-N) or Blackstone (BX-N)? He prefers an asset manager that is focused on public market equities. Asset classes are always being revalued. At certain times, certain asset classes do better than others. We have just gone through 10 years where regulation, compliance and rules around being a public company went through the roof, and it became very, very expensive. During that time, managing investing in private companies became very attractive, as they didn’t have the same problems. However, many private companies trade at higher valuations than public market companies, and yet public market companies are liquid every day and can be bought or sold. We have entered a period of many years where public market equities and developed markets, are likely to outperform. Asset managers in that area are under-owned and under-loved, and things are changing for the better. Multiples are expanding. Prefers Morgan Stanley (MS-N).

TOP PICK
TOP PICK
January 30, 2017

Primarily private equity, in the alternative finance category. They’ve had some very strong realizations, which were up about $8.6 billion last quarter, up 28% from the previous quarter. Better equity market equals more realizations. Very, very cheap, cheapest of the alternative group. They have really underperformed, unlike the overall finance group, partly because of their partnership structure, so maybe at some point it could convert to a C Corp. Basically trading at BV or slightly below. Dividend yield of 3.65%. (Analysts’ price target is $19.95.)

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KKR & Co. LP (KKR-N)
January 30, 2017

Primarily private equity, in the alternative finance category. They’ve had some very strong realizations, which were up about $8.6 billion last quarter, up 28% from the previous quarter. Better equity market equals more realizations. Very, very cheap, cheapest of the alternative group. They have really underperformed, unlike the overall finance group, partly because of their partnership structure, so maybe at some point it could convert to a C Corp. Basically trading at BV or slightly below. Dividend yield of 3.65%. (Analysts’ price target is $19.95.)

COMMENT
COMMENT
January 17, 2017

As a private equity conglomerate with hedge funds, etc., there is a lot of leverage in this business. If borrowing rates go up, that could impact profitability. Also, volatility may not help their business. Trading at a very reasonable valuation and offers a good payout. This is sensitive to interest rates.

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KKR & Co. LP (KKR-N)
January 17, 2017

As a private equity conglomerate with hedge funds, etc., there is a lot of leverage in this business. If borrowing rates go up, that could impact profitability. Also, volatility may not help their business. Trading at a very reasonable valuation and offers a good payout. This is sensitive to interest rates.

BUY
BUY
January 17, 2017

Mid-last year she had concerns on the credit side and their access to capital. They are doing a great job. The management team is frustrated with the share price. If we are at the beginning of a significant rise in rates, you still get a higher yield owning equities right now, so she thinks they have the ability to do well. They are in great shape and one of the cheapest stocks in the financial sector.

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KKR & Co. LP (KKR-N)
January 17, 2017

Mid-last year she had concerns on the credit side and their access to capital. They are doing a great job. The management team is frustrated with the share price. If we are at the beginning of a significant rise in rates, you still get a higher yield owning equities right now, so she thinks they have the ability to do well. They are in great shape and one of the cheapest stocks in the financial sector.

COMMENT
COMMENT
December 7, 2016

Good company. He would think anything in private equity or capital markets for the next couple of years are going to be very fruitful. He likes this here.

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KKR & Co. LP (KKR-N)
December 7, 2016

Good company. He would think anything in private equity or capital markets for the next couple of years are going to be very fruitful. He likes this here.

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