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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 up 0.2%. By the end of trading, KKR rose $0.22 (1.1%) to $20.37 on light volume. Throughout the day, 899,397 shares of KKR exchanged hands as compared to its average daily volume of 2,435,000 shares. The stock ranged in a price between $19.95-$20.39 after having opened the day at $20.02 as compared to the previous trading day's close of $20.15. Other companies within the Financial Services industry that increased today were: Noah Holdings ( NOAH), up 14.4%, Paulson Capital ( PLCC), up 13.8%, US Global Investors ( GROW), up 9.2% and Global X Silver Miners ETF ( SIL), up 6.3%.

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 $5.3 billion and is part of the financial sector. Shares are up 32.3% year to date as of the close of trading on Friday. 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 robust revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, AllianceBernstein Holding L.P ( AB), down 4.2%, TD Ameritrade Holding Corporation ( AMTD), down 3.6%, Ladenburg Thalman Financial Services ( LTS), down 2.9% and Nomura Holdings ( NMR), down 2.6% , were all laggards within the financial services industry with Franklin Resources ( BEN) 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

More from Markets

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss

Stocks Trade Lower as Optimism Wanes Over China Trade Talks

Stocks Trade Lower as Optimism Wanes Over China Trade Talks

Comcast Considering All-Cash Bid for Fox as Disney Battle Heads to the Wire

Comcast Considering All-Cash Bid for Fox as Disney Battle Heads to the Wire

Target's Stock Tanks After Q1 Earnings Miss and Slowing Sales

Target's Stock Tanks After Q1 Earnings Miss and Slowing Sales