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

HSBC cut shares of KKR & Co. Inc. (NYSE:KKR - Free Report) from a buy rating to a hold rating in a research report report published on Thursday morning, MarketBeat.com reports. They currently have $173.00 price objective on the asset manager's stock, up from their previous price objective of $153.00.

Other equities research analysts also recently issued research reports about the stock. Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the company a "buy" rating in a research report on Friday, October 25th. JMP Securities increased their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the company a "market outperform" rating in a research note on Tuesday, October 29th. Wells Fargo & Company cut their price target 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. Keefe, Bruyette & Woods dropped their price objective on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Finally, Oppenheimer upped their price objective on shares of KKR & Co. Inc. from $153.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, KKR & Co. Inc. presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.86.

KKR & Co. Inc. Stock Up 0.1 %

KKR stock traded up $0.21 during trading on Thursday, reaching $166.51. The stock had a trading volume of 1,599,045 shares, compared to its average volume of 3,492,193. The firm has a fifty day moving average price of $154.22 and a 200 day moving average price of $137.56. The company has a market capitalization of $147.90 billion, a P/E ratio of 50.80, a PEG ratio of 0.93 and a beta of 1.66. KKR & Co. Inc. has a 1-year low of $85.19 and a 1-year high of $170.16. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82.

Institutional Investors Weigh In On KKR & Co. Inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. during the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new position 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. in the third quarter valued at approximately $31,000. Raleigh Capital Management Inc. boosted its holdings in shares of KKR & Co. Inc. by 56.7% in the third 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 during the period. Finally, Eastern Bank acquired a new position in KKR & Co. Inc. during the third quarter worth $34,000. Institutional investors and hedge funds 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.