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

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

A number of other analysts also recently commented on KKR. Barclays upped their price objective on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised 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. Wells Fargo & Company decreased their target price on KKR & Co. Inc. from $163.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. HSBC lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating and raised their price target for the company from $153.00 to $173.00 in a report on Thursday. Finally, Citigroup boosted their price objective on shares of KKR & Co. Inc. from $157.00 to $171.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.86.

Check Out Our Latest Report on KKR & Co. Inc.

KKR & Co. Inc. Trading Up 0.1 %

Shares of KKR stock opened at $167.04 on Thursday. The firm’s 50-day simple moving average is $154.57 and its 200-day simple moving average is $138.28. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.07 and a quick ratio of 0.07. KKR & Co. Inc. has a 1-year low of $85.19 and a 1-year high of $170.40. The firm has a market cap of $148.37 billion, a P/E ratio of 50.77, a PEG ratio of 0.95 and a beta of 1.66.

Hedge Funds Weigh In On KKR & Co. Inc.

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its holdings in KKR & Co. Inc. by 1.8% during the 3rd quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after acquiring an additional 481,686 shares in the last quarter. Wellington Management Group LLP increased its holdings in KKR & Co. Inc. by 0.3% in the third quarter. Wellington Management Group LLP now owns 23,432,827 shares of the asset manager’s stock valued at $3,059,859,000 after buying an additional 60,147 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in KKR & Co. Inc. by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 16,808,390 shares of the asset manager’s stock valued at $2,194,840,000 after buying an additional 124,257 shares during the last quarter. Geode Capital Management LLC lifted its holdings in KKR & Co. Inc. by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after buying an additional 355,837 shares during the last quarter. Finally, FMR LLC grew its position in shares of KKR & Co. Inc. by 1.5% in the 3rd quarter. FMR LLC now owns 11,251,333 shares of the asset manager’s stock worth $1,469,199,000 after acquiring an additional 165,631 shares in the last quarter. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

About KKR & Co. Inc.

(Get Free Report)

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.

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