Factory Mutual Insurance Co. Raises Position in KKR & Co. Inc. (NYSE:KKR)

Factory Mutual Insurance Co. grew its position in shares of KKR & Co. Inc. (NYSE:KKR) by 23.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 210,000 shares of the asset manager’s stock after acquiring an additional 40,000 shares during the period. Factory Mutual Insurance Co.’s holdings in KKR & Co. Inc. were worth $27,422,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in shares of KKR & Co. Inc. by 219.5% in the 4th quarter. Wellington Management Group LLP now owns 16,206,904 shares of the asset manager’s stock worth $1,342,742,000 after buying an additional 11,134,363 shares during the period. GQG Partners LLC purchased a new stake in KKR & Co. Inc. in the first quarter worth about $217,004,000. Canada Pension Plan Investment Board increased its stake in shares of KKR & Co. Inc. by 198.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,207,368 shares of the asset manager’s stock valued at $337,543,000 after purchasing an additional 2,133,290 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of KKR & Co. Inc. by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 41,670,039 shares of the asset manager’s stock valued at $3,452,363,000 after purchasing an additional 1,728,782 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of KKR & Co. Inc. by 64.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,036,821 shares of the asset manager’s stock worth $424,835,000 after purchasing an additional 1,585,447 shares in the last quarter. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of NYSE KKR traded up $2.47 during midday trading on Friday, hitting $135.59. 2,084,733 shares of the company’s stock traded hands, compared to its average volume of 4,428,945. The firm has a fifty day moving average of $123.47 and a 200 day moving average of $111.38. KKR & Co. Inc. has a 1 year low of $53.72 and a 1 year high of $135.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $120.32 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.14 and a beta of 1.62.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Wednesday, July 31st. The asset manager reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.20. The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. KKR & Co. Inc. had a net margin of 17.99% and a return on equity of 5.05%. During the same period in the prior year, the company earned $0.58 earnings per share. On average, analysts forecast that KKR & Co. Inc. will post 3.97 earnings per share for the current year.

KKR & Co. Inc. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were issued a $0.175 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.70 dividend on an annualized basis and a yield of 0.52%. KKR & Co. Inc.’s dividend payout ratio is currently 15.70%.

Insider Buying and Selling at KKR & Co. Inc.

In related news, major shareholder Kkr Group Partnership L.P. purchased 11,619,998 shares of KKR & Co. Inc. stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $11.13 per share, for a total transaction of $129,330,577.74. Following the completion of the transaction, the insider now directly owns 92,959,984 shares in the company, valued at $1,034,644,621.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Kkr Group Partnership L.P. acquired 11,619,998 shares of KKR & Co. Inc. stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average cost of $11.13 per share, with a total value of $129,330,577.74. Following the completion of the purchase, the insider now directly owns 92,959,984 shares in the company, valued at approximately $1,034,644,621.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 5,800,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $25.75, for a total transaction of $149,350,000.00. Following the sale, the insider now owns 25,260,971 shares in the company, valued at $650,470,003.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on KKR. Redburn Atlantic began coverage on KKR & Co. Inc. in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $144.00 target price (up from $125.00) on shares of KKR & Co. Inc. in a report on Thursday, August 1st. Hsbc Global Res upgraded shares of KKR & Co. Inc. to a “strong-buy” rating in a report on Wednesday, September 18th. HSBC began coverage on shares of KKR & Co. Inc. in a report on Wednesday, September 18th. They issued a “buy” rating and a $148.00 price objective for the company. Finally, Citigroup increased their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.00.

About KKR & Co. Inc.

KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.