Optimize Financial Inc Takes $408,000 Position in KKR & Co. Inc. (NYSE:KKR)

Optimize Financial Inc acquired a new stake in KKR & Co. Inc. (NYSE:KKR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,760 shares of the asset manager's stock, valued at approximately $408,000.

Other institutional investors have also recently modified their holdings of the company. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. in the 4th quarter valued at $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter worth $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. during the fourth quarter worth $36,000. Finally, HM Payson & Co. raised its stake in shares of KKR & Co. Inc. by 6,800.0% during the 4th quarter. HM Payson & Co. now owns 276 shares of the asset manager's stock valued at $41,000 after buying an additional 272 shares during the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KKR shares. Bank of America dropped their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating on the stock in a research note on Friday, April 4th. Barclays decreased their price objective on shares of KKR & Co. Inc. from $181.00 to $129.00 and set an "overweight" rating for the company in a research report on Friday. Hsbc Global Res lowered KKR & Co. Inc. from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 30th. HSBC raised KKR & Co. Inc. from a "hold" rating to a "buy" rating and reduced their price target for the stock from $170.00 to $119.00 in a report on Tuesday. Finally, JMP Securities cut their price objective on KKR & Co. Inc. from $165.00 to $150.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, KKR & Co. Inc. has an average rating of "Moderate Buy" and a consensus price target of $144.93.

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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 firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total transaction of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 39.34% of the company's stock.

KKR & Co. Inc. Trading Up 1.0 %

NYSE:KKR traded up $1.07 during trading hours on Tuesday, hitting $104.20. The company had a trading volume of 4,531,470 shares, compared to its average volume of 4,943,822. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $120.25 and a 200 day moving average of $139.12. The company has a market cap of $92.55 billion, a P/E ratio of 31.29, a P/E/G ratio of 1.00 and a beta of 1.77.

KKR & Co. Inc. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.'s payout ratio is presently 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.