500 Shares in KKR & Co. Inc. (NYSE:KKR) Acquired by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. acquired a new position in shares of KKR & Co. Inc. (NYSE:KKR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 500 shares of the asset manager’s stock, valued at approximately $74,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Pettinga Financial Advisors LLC purchased a new stake in KKR & Co. Inc. in the third quarter valued at $238,000. Sigma Planning Corp raised its position in KKR & Co. Inc. by 1.3% in the third quarter. Sigma Planning Corp now owns 6,489 shares of the asset manager’s stock valued at $847,000 after purchasing an additional 81 shares during the period. Ashton Thomas Securities LLC purchased a new stake in KKR & Co. Inc. in the third quarter valued at $77,000. Apollon Wealth Management LLC raised its position in KKR & Co. Inc. by 65.6% in the third quarter. Apollon Wealth Management LLC now owns 7,474 shares of the asset manager’s stock valued at $976,000 after purchasing an additional 2,961 shares during the period. Finally, WealthPLAN Partners LLC purchased a new stake in KKR & Co. Inc. in the third quarter valued at $211,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity

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 completion of the sale, the insider now directly owns 19,260,971 shares of the company’s stock, valued at approximately $634,841,604.16. The trade was a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Stock Up 1.9 %

KKR & Co. Inc. stock opened at $114.23 on Thursday. KKR & Co. Inc. has a fifty-two week low of $91.92 and a fifty-two week 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 company has a market capitalization of $101.46 billion, a P/E ratio of 34.30, a PEG ratio of 1.00 and a beta of 1.72. The stock has a 50-day simple moving average of $143.74 and a 200-day simple moving average of $141.84.

KKR & Co. Inc. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 14th. KKR & Co. Inc.’s payout ratio is currently 21.02%.

Analysts Set New Price Targets

A number of research firms have commented on KKR. Barclays reduced their target price on KKR & Co. Inc. from $185.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Oppenheimer lifted their price objective on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. HSBC cut 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, January 30th. The Goldman Sachs Group lifted their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods dropped their price objective on 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and an average target price of $161.43.

KKR & Co. Inc. 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.