KKR & Co. Inc. (NYSE:KKR) Cut to Hold at Hsbc Global Res

KKR & Co. Inc. (NYSE:KKR) was downgraded by investment analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also commented on the company. Keefe, Bruyette & Woods cut their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Oppenheimer upped their price target on KKR & Co. Inc. from $153.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Citigroup raised 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 upped their target price on shares of KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Finally, HSBC cut shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and upped their price objective for the stock from $153.00 to $173.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $160.86.

KKR & Co. Inc. Stock Performance

Shares of KKR stock opened at $167.00 on Thursday. The stock 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 current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average is $154.22 and its 200 day moving average is $137.56. KKR & Co. Inc. has a 12 month low of $85.19 and a 12 month high of $170.16.

Institutional Trading of KKR & Co. Inc.

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in KKR & Co. Inc. by 67.3% during the second quarter. AQR Capital Management LLC now owns 31,947 shares of the asset manager’s stock worth $3,362,000 after acquiring an additional 12,856 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of KKR & Co. Inc. by 6.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 44,822 shares of the asset manager’s stock valued at $4,717,000 after purchasing an additional 2,873 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of KKR & Co. Inc. by 3.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 4,291 shares of the asset manager’s stock worth $452,000 after purchasing an additional 129 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of KKR & Co. Inc. by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 89,160 shares of the asset manager’s stock worth $9,383,000 after purchasing an additional 5,309 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of KKR & Co. Inc. in the 2nd quarter worth approximately $7,444,000. 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.