Compass Point Reiterates KKR Financial Holdings Buy

Compass Point Research & Trading reiterated its KKR Financial Holdings KFN Buy rating in a research report published today. Compass Point has previously given KKR Financial Holdings a $14 price target. In the report, Compass Point states, "Overall, it was a good quarter given the volatile market environment. Operating earnings per share of $0.36 was in-line with our estimates, and the most notable take-away from the quarter was the strong gains on loan sales. The gains were strong enough to offset the shift in capital toward natural resource acquisitions which resulted in some non-core expenses." Shares of KKR Financial Holdings were trading at $9.53 at the time of posting, up 1.17% from Monday's market close.