E&G Advisors LP Boosts Stake in KKR & Co. Inc. (NYSE:KKR)

E&G Advisors LP raised its position in KKR & Co. Inc. (NYSE:KKR) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,900 shares of the asset manager’s stock after purchasing an additional 300 shares during the quarter. E&G Advisors LP’s holdings in KKR & Co. Inc. were worth $1,316,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KKR. Hanson & Doremus Investment Management acquired a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $27,000. Crews Bank & Trust purchased a new position in KKR & Co. Inc. during the 4th quarter valued at about $30,000. Raleigh Capital Management Inc. grew its position in KKR & Co. Inc. by 56.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 235 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 85 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in KKR & Co. Inc. during the third quarter worth about $31,000. Finally, Eastern Bank acquired a new stake in shares of KKR & Co. Inc. during the third quarter worth about $34,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $163.00 on Tuesday. The company has a market capitalization of $144.78 billion, a price-to-earnings ratio of 49.54, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. KKR & Co. Inc. has a 52-week low of $87.28 and a 52-week high of $170.40. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average price of $154.57 and a 200 day moving average price of $138.45.

Wall Street Analyst Weigh In

KKR has been the subject of a number of research reports. Hsbc Global Res cut shares of KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 30th. Citigroup boosted their price target 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. The Goldman Sachs Group increased their price objective on KKR & Co. Inc. from $160.00 to $177.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley boosted their target price on KKR & Co. Inc. from $107.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, Evercore ISI upped their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus target price of $160.86.

KKR & Co. Inc. 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.