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

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

Several other analysts have also recently commented on KKR. Barclays raised their target price on KKR & Co. Inc. from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their target price on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JMP Securities raised 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. Oppenheimer lifted their price objective 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. Finally, HSBC cut KKR & Co. Inc. from a “buy” rating to a “hold” rating and lifted their price objective for the company 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 given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $160.86.

KKR & Co. Inc. Stock Performance

Shares of KKR & Co. Inc. stock opened at $167.04 on Thursday. The stock has a market cap of $148.37 billion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66. The business has a fifty day simple moving average of $154.40 and a 200-day simple moving average of $137.77. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. KKR & Co. Inc. has a 12 month low of $85.19 and a 12 month high of $170.40.

Hedge Funds Weigh In On KKR & Co. Inc.

Institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its stake in shares of KKR & Co. Inc. by 3,757.3% in the third quarter. Assenagon Asset Management S.A. now owns 552,907 shares of the asset manager’s stock worth $72,199,000 after purchasing an additional 538,573 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of KKR & Co. Inc. by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,047,382 shares of the asset manager’s stock worth $156,199,000 after purchasing an additional 503,365 shares during the period. State Street Corp increased its stake in shares of KKR & Co. Inc. by 1.8% in the third quarter. State Street Corp now owns 26,703,762 shares of the asset manager’s stock worth $3,486,977,000 after purchasing an additional 481,686 shares during the period. Geode Capital Management LLC increased its stake in shares of KKR & Co. Inc. by 2.7% in the third quarter. Geode Capital Management LLC now owns 13,589,852 shares of the asset manager’s stock worth $1,768,788,000 after purchasing an additional 355,837 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of KKR & Co. Inc. by 11,197.2% in the third quarter. International Assets Investment Management LLC now owns 342,982 shares of the asset manager’s stock worth $44,787,000 after purchasing an additional 339,946 shares during the period. 76.26% of the stock is currently owned by institutional investors.

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.