KKR & Co. Inc. (NYSE:KKR – Get Free Report) released its quarterly earnings data on Thursday. The asset manager reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20, FiscalAI reports. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. During the same quarter in the previous year, the business posted $1.18 earnings per share.
Here are the key takeaways from KKR & Co. Inc.’s conference call:
- Record Q2 performance: Fee-related earnings per share rose 34% year over year to $1.32, total operating earnings per share increased 27% to $1.68, and adjusted net income per share grew 38% to $1.63.
- KKR raised $34 billion in the quarter and $305 billion since the start of 2024, surpassing its three-year $300 billion fundraising target ahead of schedule. Growth was broad-based, including infrastructure, private equity, credit, Asia, insurance, wealth and the newly acquired Arctos platform.
- Monetization activity reached a company record, with $848 million of realized performance income and $220 million of realized investment income in Q2; management also cited approximately $700 million of near-term monetization visibility and $18.2 billion of remaining unrealized gains.
- KKR is expanding its long-term infrastructure opportunity through Helix Digital Infrastructure, a permanent company launched with more than $10 billion of committed capital to provide data center, power and connectivity solutions for hyperscalers amid the AI-driven capital expenditure cycle.
- Global Atlantic faces heightened competition in insurance, prompting KKR to allocate somewhat less capital to the business. Management maintained its approximately $250 million 2026 insurance operating-earnings outlook and cautioned that Q2’s roughly $40 million contribution from alternative-asset realizations is not a recurring quarterly run rate.
KKR & Co. Inc. Trading Up 1.8%
KKR & Co. Inc. stock traded up $1.76 during trading hours on Thursday, reaching $101.04. 4,884,239 shares of the company’s stock were exchanged, compared to its average volume of 3,386,596. The firm’s 50 day simple moving average is $95.84 and its 200 day simple moving average is $99.29. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $152.10. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $90.72 billion, a PE ratio of 34.37, a PEG ratio of 0.84 and a beta of 1.79.
KKR & Co. Inc. Increases Dividend
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. BMO Capital Markets lowered their target price on KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada cut their target price on shares of KKR & Co. Inc. from $128.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. HSBC boosted their target price on shares of KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Piper Sandler dropped their price target on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Finally, Keefe, Bruyette & Woods raised shares of KKR & Co. Inc. to a “moderate buy” rating in a research note on Monday, July 20th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.08.
Read Our Latest Report on KKR & Co. Inc.
Institutional Trading of KKR & Co. Inc.
Several hedge funds have recently modified their holdings of KKR. Navis Wealth Advisors LLC grew its holdings in KKR & Co. Inc. by 6.3% in the third quarter. Navis Wealth Advisors LLC now owns 1,946 shares of the asset manager’s stock worth $253,000 after purchasing an additional 115 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of KKR & Co. Inc. by 0.9% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,094 shares of the asset manager’s stock worth $1,702,000 after purchasing an additional 118 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of KKR & Co. Inc. by 21.8% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 670 shares of the asset manager’s stock worth $87,000 after purchasing an additional 120 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of KKR & Co. Inc. by 32.9% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 493 shares of the asset manager’s stock valued at $66,000 after buying an additional 122 shares during the period. Finally, Resurgent Financial Advisors LLC grew its stake in shares of KKR & Co. Inc. by 3.3% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 3,853 shares of the asset manager’s stock valued at $501,000 after buying an additional 122 shares during the period. Institutional investors own 76.26% of the company’s stock.
KKR & Co. Inc. declared that its board has initiated a stock repurchase plan on Tuesday, May 5th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the asset manager to buy up to 0.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
KKR & Co. Inc. Company Profile
KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.
KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.
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