KKR & Co. Inc. (NYSE:KKR) Cut to Hold at HSBC

HSBC downgraded shares of KKR & Co. Inc. (NYSE:KKR) from a buy rating to a hold rating in a report released on Thursday, MarketBeat Ratings reports. They currently have $173.00 price target on the asset manager’s stock, up from their previous price target of $153.00.

Other equities research analysts also recently issued research reports about the stock. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a research report on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JMP Securities raised their price target on KKR & Co. Inc. from $150.00 to $155.00 and gave the company a “market outperform” rating in a report on Tuesday, October 29th. Citigroup upped their price target on KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Barclays lifted their price objective on shares of KKR & Co. Inc. from $166.00 to $185.00 and gave the company 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 given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.86.

KKR & Co. Inc. Price Performance

NYSE KKR 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 firm has a market capitalization of $148.34 billion, a P/E ratio of 50.76, a PEG ratio of 0.95 and a beta of 1.66. The company has a 50-day moving average price of $154.22 and a 200-day moving average price of $137.56. KKR & Co. Inc. has a 52 week low of $85.19 and a 52 week high of $170.16.

Institutional Trading of KKR & Co. Inc.

Several hedge funds and other institutional investors have recently bought and sold shares of KKR. Hanson & Doremus Investment Management bought a new position in KKR & Co. Inc. during the fourth quarter valued at $27,000. Crews Bank & Trust purchased a new position in shares of KKR & Co. Inc. during the 4th quarter worth about $30,000. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. during the 3rd quarter valued at about $31,000. Raleigh Capital Management Inc. raised its position in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock worth $31,000 after purchasing an additional 85 shares during the period. Finally, Eastern Bank purchased a new position in KKR & Co. Inc. during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.

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.