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

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 higher today making it today's featured financial services winner. The industry as a whole closed the day down 0.7%. By the end of trading, KKR rose $0.50 (2.6%) to $19.75 on average volume. Throughout the day, 2,654,299 shares of KKR exchanged hands as compared to its average daily volume of 2,594,300 shares. The stock ranged in a price between $19.29-$19.80 after having opened the day at $19.29 as compared to the previous trading day's close of $19.25. Other companies within the Financial Services industry that increased today were: Paulson Capital ( PLCC), up 4.2%, Community Bankers Trust Corporation ( ESXB), up 3.4%, Noah Holdings ( NOAH), up 3.1% and Oaktree Capital Group ( OAK), up 3.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, 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 $5.1 billion and is part of the financial sector. The company has a P/E ratio of 9.2, below the S&P 500 P/E ratio of 17.7. Shares are up 26.4% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate KKR a buy, no analysts rate it a sell, and 2 rate 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, notable return on equity, good cash flow from operations and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Nomura Holdings ( NMR), down 5.9%, Medley Capital ( MCC), down 5.3%, FBR ( FBRC), down 4.5% and Atlanticus Holdings ( ATLC), down 3.8% , were all laggards within the financial services industry with Capital One Financial ( COF) being today's financial services industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Google or Amazon Should Acquire Toys "R" Us -- Bankruptcy Lawyer Says

Toys 'R' Us Store Employees Set for Higher Wages Despite Bankruptcy

Pret A Manger Takeover in the Works; Cisco's M&A Shackles Come Off - ICYMI

Toys 'R' Us Debt Load Tips It Into Chapter 11

Google's Awkward Relationship With Uber Could Get Even More Complicated