KKR & Co. Inc. (NYSE:KKR) Upgraded by Hsbc Global Res to “Strong-Buy” Rating

KKR & Co. Inc. (NYSE:KKR) was upgraded by investment analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms also recently weighed in on KKR. Keefe, Bruyette & Woods dropped their price target on KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Citigroup cut their target price on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. JMP Securities decreased their price target on shares of KKR & Co. Inc. from $165.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Tuesday, April 8th. TD Cowen cut their price objective on KKR & Co. Inc. from $183.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, HSBC upgraded KKR & Co. Inc. from a “hold” rating to a “buy” rating and decreased their target price for the stock from $170.00 to $119.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.93.

KKR & Co. Inc. Trading Up 1.0 %

Shares of NYSE:KKR opened at $104.20 on Tuesday. 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 stock has a market capitalization of $92.55 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 1.00 and a beta of 1.77. The stock’s 50-day simple moving average is $120.25 and its two-hundred day simple moving average is $139.12. KKR & Co. Inc. has a 52-week low of $86.15 and a 52-week high of $170.40.

Insiders Place Their Bets

In other news, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $32.96, for a total value of $197,760,000.00. Following the completion of the transaction, the insider now directly owns 19,260,971 shares in the company, valued at $634,841,604.16. This trade represents a 23.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 39.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KKR. Vanguard Group Inc. grew its stake in shares of KKR & Co. Inc. by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 56,687,516 shares of the asset manager’s stock worth $8,384,650,000 after purchasing an additional 441,817 shares during the period. Geode Capital Management LLC grew its position in KKR & Co. Inc. by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 14,047,900 shares of the asset manager’s stock valued at $2,073,624,000 after buying an additional 458,048 shares during the period. FMR LLC increased its holdings in KKR & Co. Inc. by 6.7% in the fourth quarter. FMR LLC now owns 12,003,389 shares of the asset manager’s stock valued at $1,775,421,000 after buying an additional 752,056 shares in the last quarter. Norges Bank acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $1,435,314,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of KKR & Co. Inc. by 106.2% during the 4th quarter. Nuveen Asset Management LLC now owns 6,584,370 shares of the asset manager’s stock worth $973,894,000 after acquiring an additional 3,391,581 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

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.