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

Hsbc Global Res lowered shares of KKR & Co. Inc. (NYSE:KKR - Free Report) from a strong-buy rating to a hold rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also issued reports on KKR. Deutsche Bank Aktiengesellschaft upped their price target on shares of KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. HSBC lowered shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and upped their price target for the stock from $153.00 to $173.00 in a research report on Thursday, January 30th. StockNews.com raised shares of KKR & Co. Inc. to a "sell" rating in a research report on Friday, October 25th. Barclays upped their price target 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. Finally, JMP Securities upped their price target on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a "market outperform" rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.86.

KKR & Co. Inc. Stock Down 7.9 %

Shares of KKR stock traded down $12.82 during trading on Thursday, reaching $150.40. The company's stock had a trading volume of 6,954,178 shares, compared to its average volume of 3,709,357. 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 business has a fifty day moving average price of $154.57 and a 200-day moving average price of $138.45. KKR & Co. Inc. has a one year low of $87.28 and a one year high of $170.40. The company has a market cap of $133.59 billion, a price-to-earnings ratio of 45.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently modified their holdings of the business. Hanson & Doremus Investment Management bought a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $27,000. Crews Bank & Trust bought a new position in KKR & Co. Inc. during the 4th quarter worth approximately $30,000. ORG Wealth Partners LLC bought a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $31,000. Raleigh Capital Management Inc. raised its holdings in KKR & Co. Inc. by 56.7% during 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 last quarter. Finally, Eastern Bank bought a new position in KKR & Co. Inc. during the 3rd quarter worth approximately $34,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.