KKR & Co LP (KKR): Today's Featured Financial Services Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

KKR ( KKR) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.5%. By the end of trading, KKR fell $0.55 (-2.6%) to $20.60 on average volume. Throughout the day, 3,245,482 shares of KKR exchanged hands as compared to its average daily volume of 2,420,900 shares. The stock ranged in price between $20.52-$21.30 after having opened the day at $21.22 as compared to the previous trading day's close of $21.15. Other companies within the Financial Services industry that declined today were: Investors Capital Holdings ( ICH), down 3.9%, Consumer Portfolio Services ( CPSS), down 3.9%, WisdomTree Global Real Return Fund ( RRF), down 3.2% and Gleacher ( GLCH), down 2.7%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Kohlberg Kravis Roberts & Co. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, and middle market investments. KKR has a market cap of $5.4 billion and is part of the financial sector. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7. Shares are up 38.9% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate KKR a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates KKR as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Noah Holdings ( NOAH), down 13.9%, Siebert Financial Corporation ( SIEB), down 8.0%, Oaktree Capital Group ( OAK), down 5.3% and GAIN Capital Holdings ( GCAP), down 5.1% , were all gainers within the financial services industry with Eaton Vance Corporation ( EV) being today's featured financial services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
null

If you liked this article you might like

Qualcomm-Broadcom Talks Productive But Still Unfruitful

Qualcomm-Broadcom Talks Productive But Still Unfruitful

Inside Broadcom CEO's Latest Strategy to Woo Qualcomm Investors

Inside Broadcom CEO's Latest Strategy to Woo Qualcomm Investors

Broadcom and Qualcomm, Comcast and Fox - 5 Things You Must Know

Broadcom and Qualcomm, Comcast and Fox - 5 Things You Must Know

Taking Dell Public Could Help Reduce a Mountain of Debt

Taking Dell Public Could Help Reduce a Mountain of Debt

The Bull Trend in KKR Gets a Boost From Our Quantitative Upgrade

The Bull Trend in KKR Gets a Boost From Our Quantitative Upgrade