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

KKR & Co. Inc. (NYSE:KKR - Get Free Report) was downgraded by equities researchers at Hsbc Global Res from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Barclays upped their target price on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Piper Sandler began coverage on KKR & Co. Inc. in a research note on Monday, June 30th. They issued an "overweight" rating and a $150.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price target on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley raised KKR & Co. Inc. from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. Finally, TD Cowen dropped their price target on shares of KKR & Co. Inc. from $183.00 to $126.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $154.13.

KKR & Co. Inc. Stock Performance

NYSE:KKR traded up $3.97 during mid-day trading on Wednesday, reaching $143.19. 3,763,219 shares of the stock were exchanged, compared to its average volume of 4,239,846. The stock has a market capitalization of $127.53 billion, a P/E ratio of 60.42, a P/E/G ratio of 1.55 and a beta of 1.88. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The company has a 50 day simple moving average of $124.50 and a 200-day simple moving average of $128.72. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.77.

KKR & Co. Inc. (NYSE:KKR - Get Free Report) last released its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.43% and a net margin of 14.75%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company's revenue for the quarter was down 67.8% compared to the same quarter last year. Analysts anticipate that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

Insider Activity at KKR & Co. Inc.

In related news, Director Timothy R. Barakett acquired 35,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the completion of the acquisition, the director directly owned 185,000 shares in the company, valued at $21,815,200. The trade was a 23.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Henry R. Kravis sold 1,150,469 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total transaction of $137,826,186.20. Following the completion of the sale, the chairman owned 73,006,022 shares in the company, valued at $8,746,121,435.60. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,471,488 shares of company stock worth $501,529,092 over the last three months. Corporate insiders own 39.34% of the company's stock.

Institutional Investors Weigh In On KKR & Co. Inc.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in KKR & Co. Inc. by 1.5% in the first quarter. Vanguard Group Inc. now owns 57,557,692 shares of the asset manager's stock worth $6,654,245,000 after acquiring an additional 870,176 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of KKR & Co. Inc. by 14.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,081,760 shares of the asset manager's stock worth $2,206,042,000 after purchasing an additional 2,391,434 shares in the last quarter. Geode Capital Management LLC increased its stake in KKR & Co. Inc. by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager's stock valued at $2,073,624,000 after purchasing an additional 458,048 shares in the last quarter. FMR LLC raised its position in KKR & Co. Inc. by 6.7% during the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager's stock worth $1,775,421,000 after acquiring an additional 752,056 shares during the last quarter. Finally, Norges Bank acquired a new position in KKR & Co. Inc. in the 4th quarter valued at about $1,435,314,000. Hedge funds and other 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.