KKR & Co. Inc. (NYSE:KKR) Downgraded to “Hold” Rating by Hsbc Global Res

Hsbc Global Res downgraded shares of KKR & Co. Inc. (NYSE:KKR) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities analysts also recently issued reports on KKR. The Goldman Sachs Group upped their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup increased their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company cut their price objective on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. TD Cowen increased their price objective on shares of KKR & Co. Inc. from $166.00 to $184.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays boosted their target price on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, KKR & Co. Inc. currently has a consensus rating of “Moderate Buy” and an average target price of $160.86.

KKR & Co. Inc. Stock Up 0.4 %

Shares of KKR & Co. Inc. stock opened at $167.00 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market cap of $148.34 billion, a P/E ratio of 50.76, a PEG ratio of 0.95 and a beta of 1.66. The firm’s 50 day moving average price is $154.22 and its 200-day moving average price is $137.56. KKR & Co. Inc. has a 52-week low of $85.19 and a 52-week high of $170.16.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently modified their holdings of the business. Hanson & Doremus Investment Management acquired a new position in KKR & Co. Inc. in the 4th quarter worth about $27,000. Crews Bank & Trust purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at approximately $30,000. ORG Wealth Partners LLC acquired a new position in shares of KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. lifted its position in shares of KKR & Co. Inc. by 56.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after buying an additional 85 shares in the last quarter. Finally, Eastern Bank acquired a new stake in KKR & Co. Inc. in the 3rd quarter valued at $34,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

About KKR & Co. Inc.

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.