KKR & Co. Inc. (NYSE:KKR) Issues Earnings Results

KKR & Co. Inc. (NYSE:KKR) released its earnings results on Thursday. The asset manager reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20, FiscalAI reports. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.During the same period last year, the company posted $1.18 EPS.

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. Stock Performance

Shares of NYSE:KKR traded up $1.76 during trading on Thursday, hitting $101.04. 4,884,239 shares of the stock were exchanged, compared to its average volume of 3,386,596. The company has a market capitalization of $90.72 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.08 and a current ratio of 0.08. KKR & Co. Inc. has a 1-year low of $82.67 and a 1-year high of $152.10. The company’s fifty day simple moving average is $95.84 and its 200-day simple moving average is $99.29.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.18. KKR & Co. Inc.’s payout ratio is 26.53%.

KKR & Co. Inc. announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the asset manager to buy up to 0.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KKR. Morgan Stanley lowered their price objective on shares of KKR & Co. Inc. from $153.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. UBS Group upped their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. BMO Capital Markets reduced their price target on shares of KKR & Co. Inc. from $120.00 to $112.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Zacks Research raised shares of KKR & Co. Inc. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group decreased their price target on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, KKR & Co. Inc. has a consensus rating of “Moderate Buy” and a consensus price target of $128.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KKR. Brighton Jones LLC raised its position in KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after purchasing an additional 2,437 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of KKR & Co. Inc. in the 4th quarter worth approximately $218,000. Sivia Capital Partners LLC raised its holdings in shares of KKR & Co. Inc. by 13.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,050 shares of the asset manager’s stock worth $273,000 after buying an additional 237 shares in the last quarter. United Bank bought a new position in shares of KKR & Co. Inc. during the 2nd quarter worth approximately $769,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in KKR & Co. Inc. in the 2nd quarter valued at $4,826,000. 76.26% of the stock is owned by institutional investors.

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.