Curbstone Financial Management Corp Sells 2,370 Shares of KKR & Co. Inc. (NYSE:KKR)

Curbstone Financial Management Corp lessened its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,988 shares of the asset manager’s stock after selling 2,370 shares during the quarter. KKR & Co. Inc. makes up 1.1% of Curbstone Financial Management Corp’s holdings, making the stock its 21st biggest holding. Curbstone Financial Management Corp’s holdings in KKR & Co. Inc. were worth $5,027,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of KKR. State Street Corp boosted its position in KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after buying an additional 481,686 shares during the period. Wellington Management Group LLP raised its stake in shares of KKR & Co. Inc. by 0.3% during the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after acquiring an additional 60,147 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of KKR & Co. Inc. by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock worth $2,194,840,000 after purchasing an additional 124,257 shares during the period. Geode Capital Management LLC grew its stake in shares of KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after purchasing an additional 355,837 shares during the last quarter. Finally, FMR LLC increased its holdings in KKR & Co. Inc. by 1.5% in the third quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock valued at $1,469,199,000 after purchasing an additional 165,631 shares during the period. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Down 2.6 %

Shares of NYSE:KKR opened at $161.18 on Tuesday. The firm has a market cap of $143.17 billion, a P/E ratio of 48.99, a PEG ratio of 0.93 and a beta of 1.66. KKR & Co. Inc. has a 52-week low of $85.19 and a 52-week high of $165.83. The business’s 50 day simple moving average is $153.47 and its two-hundred day simple moving average is $136.59. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KKR. TD Cowen lifted their target price on KKR & Co. Inc. from $166.00 to $184.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. Morgan Stanley raised their price target on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. 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 report on Tuesday, January 14th. Finally, Oppenheimer boosted their target price on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.07.

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.