Factory Mutual Insurance Co. Sells 20,000 Shares of KKR & Co. Inc. (NYSE:KKR)

Factory Mutual Insurance Co. lessened its position in KKR & Co. Inc. (NYSE:KKR) by 9.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 190,000 shares of the asset manager’s stock after selling 20,000 shares during the period. Factory Mutual Insurance Co.’s holdings in KKR & Co. Inc. were worth $28,103,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC boosted its stake in KKR & Co. Inc. by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock worth $846,000 after purchasing an additional 70 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in KKR & Co. Inc. by 0.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 10,974 shares of the asset manager’s stock worth $1,623,000 after purchasing an additional 73 shares in the last quarter. Dudley Capital Management LLC boosted its stake in KKR & Co. Inc. by 2.7% in the 3rd quarter. Dudley Capital Management LLC now owns 3,095 shares of the asset manager’s stock worth $404,000 after purchasing an additional 80 shares in the last quarter. FWG Holdings LLC boosted its stake in KKR & Co. Inc. by 1.6% in the 3rd quarter. FWG Holdings LLC now owns 5,096 shares of the asset manager’s stock worth $717,000 after purchasing an additional 80 shares in the last quarter. Finally, Sigma Planning Corp boosted its stake in KKR & Co. Inc. by 1.3% in the 3rd quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock worth $847,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on KKR shares. HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $153.00 to $173.00 in a research note on Thursday. Citigroup lifted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company decreased their price objective on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Evercore ISI lifted their price objective on shares of KKR & Co. Inc. from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.86.

KKR & Co. Inc. Price Performance

Shares of NYSE KKR opened at $167.04 on Friday. The firm has a market cap of $148.37 billion, a PE ratio of 50.77, a PEG ratio of 0.95 and a beta of 1.66. The firm has a fifty day moving average of $154.40 and a 200 day moving average of $137.77. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. KKR & Co. Inc. has a one year low of $85.19 and a one year high of $170.40.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.