OPTIMAS CAPITAL Ltd Sells 47,900 Shares of KKR & Co. Inc. (NYSE:KKR)

OPTIMAS CAPITAL Ltd lowered its holdings in KKR & Co. Inc. (NYSE:KKR - Free Report) by 89.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,745 shares of the asset manager's stock after selling 47,900 shares during the quarter. KKR & Co. Inc. accounts for about 1.1% of OPTIMAS CAPITAL Ltd's investment portfolio, making the stock its 24th largest position. OPTIMAS CAPITAL Ltd's holdings in KKR & Co. Inc. were worth $850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Evoke Wealth LLC grew its holdings in KKR & Co. Inc. by 12.8% in the 4th quarter. Evoke Wealth LLC now owns 5,108 shares of the asset manager's stock valued at $756,000 after buying an additional 581 shares during the last quarter. Horizon Investments LLC lifted its position in shares of KKR & Co. Inc. by 1.4% in the 4th quarter. Horizon Investments LLC now owns 10,586 shares of the asset manager's stock worth $1,566,000 after acquiring an additional 148 shares during the period. Advisors Asset Management Inc. lifted its position in shares of KKR & Co. Inc. by 2.3% in the 4th quarter. Advisors Asset Management Inc. now owns 36,274 shares of the asset manager's stock worth $5,365,000 after acquiring an additional 819 shares during the period. PDS Planning Inc bought a new stake in shares of KKR & Co. Inc. in the 4th quarter worth approximately $202,000. Finally, Axxcess Wealth Management LLC lifted its position in shares of KKR & Co. Inc. by 139.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 8,264 shares of the asset manager's stock worth $1,222,000 after acquiring an additional 4,816 shares during the period. Institutional investors and hedge funds own 76.26% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have commented on KKR shares. Keefe, Bruyette & Woods reduced their price objective on KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. HSBC downgraded KKR & Co. Inc. from a "buy" rating to a "hold" rating and raised their target price for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. Oppenheimer raised their target price on KKR & Co. Inc. from $153.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Hsbc Global Res downgraded KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company upgraded KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $150.00 to $141.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $160.79.

Insider Buying and Selling at KKR & Co. Inc.

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the sale, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. The trade was a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Down 0.1 %

NYSE:KKR traded down $0.17 on Friday, reaching $116.54. The company's stock had a trading volume of 6,082,929 shares, compared to its average volume of 4,375,473. KKR & Co. Inc. has a 1-year low of $91.92 and a 1-year high of $170.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $103.52 billion, a PE ratio of 35.00, a PEG ratio of 1.00 and a beta of 1.72. The business's 50-day moving average price is $139.07 and its two-hundred day moving average price is $141.31.

KKR & Co. Inc. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.175 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.70 dividend on an annualized basis and a yield of 0.60%. KKR & Co. Inc.'s payout ratio is 21.02%.

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.