KKR & Co. Inc. (NYSE:KKR) Stock Rating Lowered by Hsbc Global Res

KKR & Co. Inc. (NYSE:KKR - Get Free Report) was downgraded by research analysts 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.

A number of other brokerages have also recently issued reports on KKR. HSBC cut shares of KKR & Co. Inc. from a "buy" rating to a "hold" rating and set a $142.00 price objective for the company. in a report on Wednesday. Bank of America decreased their price objective on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a "buy" rating for the company in a report on Friday, April 4th. Piper Sandler started coverage on shares of KKR & Co. Inc. in a report on Monday, June 30th. They issued an "overweight" rating and a $150.00 price target for the company. Citigroup reduced their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on shares of KKR & Co. Inc. from $136.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $155.20.

KKR & Co. Inc. Price Performance

KKR stock traded down $1.92 during trading on Wednesday, hitting $141.13. 3,204,355 shares of the stock traded hands, compared to its average volume of 4,236,253. KKR & Co. Inc. has a one year low of $86.15 and a one year high of $170.40. The stock has a market cap of $125.70 billion, a price-to-earnings ratio of 59.55, a P/E/G ratio of 1.61 and a beta of 1.88. The company has a 50 day simple moving average of $125.56 and a 200 day simple moving average of $128.60. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77.

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

Insider Activity

In other KKR & Co. Inc. news, Chairman George R. Roberts sold 1,190,094 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $119.80, for a total transaction of $142,573,261.20. Following the sale, the chairman directly owned 82,171,884 shares in the company, valued at $9,844,191,703.20. This represents a 1.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the sale, the insider owned 13,260,971 shares in the company, valued at $453,525,208.20. The trade was a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,471,488 shares of company stock valued at $501,529,092. Company insiders own 39.34% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Orrstown Financial Services Inc. bought a new position in shares of KKR & Co. Inc. in the second quarter worth about $268,000. Bouvel Investment Partners LLC bought a new position in shares of KKR & Co. Inc. in the second quarter worth about $6,603,000. Farther Finance Advisors LLC lifted its holdings in shares of KKR & Co. Inc. by 48.0% in the second quarter. Farther Finance Advisors LLC now owns 21,791 shares of the asset manager's stock worth $2,899,000 after acquiring an additional 7,070 shares during the last quarter. CX Institutional lifted its holdings in shares of KKR & Co. Inc. by 68.9% in the second quarter. CX Institutional now owns 2,317 shares of the asset manager's stock worth $308,000 after acquiring an additional 945 shares during the last quarter. Finally, AA Financial Advisors LLC lifted its holdings in shares of KKR & Co. Inc. by 25.1% in the second quarter. AA Financial Advisors LLC now owns 3,359 shares of the asset manager's stock worth $447,000 after acquiring an additional 674 shares during the last quarter. 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.