KKR & Co. Inc. (NYSE:KKR) Lowered to “Hold” Rating by HSBC

HSBC downgraded shares of KKR & Co. Inc. (NYSE:KKR) from a buy rating to a hold rating in a research report report published on Thursday, MarketBeat.com reports. The brokerage currently has $173.00 price objective on the asset manager’s stock, up from their previous price objective of $153.00.

Several other research firms have also recently weighed in on KKR. Wells Fargo & Company decreased 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 research report on Tuesday, January 14th. StockNews.com raised shares of KKR & Co. Inc. to a “sell” rating in a report on Friday, October 25th. The Goldman Sachs Group raised their price target on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price objective on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, JMP Securities boosted their target price on 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 analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $160.86.

KKR & Co. Inc. Trading Up 0.4 %

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

Hedge Funds Weigh In On KKR & Co. Inc.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hanson & Doremus Investment Management purchased a new position in KKR & Co. Inc. during the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in shares of KKR & Co. Inc. during the 4th quarter valued at about $30,000. ORG Wealth Partners LLC purchased a new position in shares of KKR & Co. Inc. during the third quarter valued at about $31,000. Raleigh Capital Management Inc. increased its position in shares of KKR & Co. Inc. by 56.7% during 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 purchased a new stake in KKR & Co. Inc. in the third quarter worth about $34,000. Institutional investors own 76.26% of the company’s stock.

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.