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

KKR & Co. Inc. (NYSE:KKR) released its earnings results on Thursday. The asset manager reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20, FiscalAI reports. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.95 billion. KKR & Co. Inc. had a return on equity of 5.42% and a net margin of 13.94%.During the same quarter last year, the firm 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. Stock Down 0.4%

Shares of KKR stock traded down $0.38 during mid-day trading on Friday, hitting $100.60. 2,039,401 shares of the stock traded hands, compared to its average volume of 5,892,646. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market cap of $90.33 billion, a P/E ratio of 34.20, a P/E/G ratio of 0.84 and a beta of 1.79. The stock’s fifty day moving average is $95.84 and its two-hundred day moving average is $99.29. KKR & Co. Inc. has a 52-week low of $82.67 and a 52-week high of $152.10.

KKR & Co. Inc. Increases Dividend

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

Wall Street Analyst Weigh In

KKR has been the topic of several recent analyst reports. The Goldman Sachs Group reduced 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 note on Tuesday, April 7th. HSBC increased their price objective on KKR & Co. Inc. from $118.00 to $121.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Piper Sandler lowered their target price on KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. TD Cowen cut their price target on KKR & Co. Inc. from $106.00 to $104.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded KKR & Co. Inc. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.00.

Institutional Investors Weigh In On KKR & Co. Inc.

Institutional investors have recently bought and sold shares of the company. Compound Planning Inc. lifted its holdings in shares of KKR & Co. Inc. by 68.8% during the 4th quarter. Compound Planning Inc. now owns 17,604 shares of the asset manager’s stock valued at $2,244,000 after purchasing an additional 7,172 shares during the last quarter. Axxcess Wealth Management LLC increased its position in KKR & Co. Inc. by 641.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 12,237 shares of the asset manager’s stock valued at $1,560,000 after buying an additional 10,587 shares in the last quarter. Corient Private Wealth LLC increased its position in KKR & Co. Inc. by 5.5% during the 4th quarter. Corient Private Wealth LLC now owns 306,795 shares of the asset manager’s stock valued at $38,175,000 after buying an additional 15,895 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in KKR & Co. Inc. by 12.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 36,208 shares of the asset manager’s stock valued at $4,739,000 after buying an additional 3,876 shares during the last quarter. Finally, Vident Advisory LLC boosted its holdings in KKR & Co. Inc. by 4.7% in the fourth quarter. Vident Advisory LLC now owns 621,879 shares of the asset manager’s stock worth $79,277,000 after acquiring an additional 27,928 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

KKR & Co. Inc. declared that its Board of Directors has approved a share buyback program on Tuesday, May 5th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Key Stories Impacting KKR & Co. Inc.

Here are the key news stories impacting KKR & Co. Inc. this week:

• Positive Sentiment: Barclays raised its price target to $135 from $124 and maintained an “overweight” rating, implying approximately 35% upside from the recent share price. The upgrade reflects confidence in KKR’s earnings growth, assets under management and longer-term fundraising prospects. Benzinga analyst price target update
• Positive Sentiment: Second-quarter adjusted earnings of $1.63 per share exceeded the $1.42–$1.43 consensus and increased from $1.18 a year earlier. Strong assets under management growth, higher management and transaction fees, fundraising, and inflows in the asset-management and insurance businesses contributed to the performance. Shares initially gained nearly 1% following the results. KKR second-quarter earnings and revenue report
• Neutral Sentiment: KKR reported higher quarterly profit and revenue, supported by asset-management fees, fundraising and insurance growth. These trends point to improving recurring earnings potential, although investors will likely monitor whether fundraising and asset inflows remain strong amid market volatility. KKR profit and revenue growth article
• Negative Sentiment: Quarterly revenue of $2.76 billion fell short of the $2.95 billion analyst estimate, and higher expenses tempered the earnings beat. The revenue miss and expense pressure could explain why the stock’s reaction has been less positive despite better-than-expected earnings. KKR earnings report and conference call

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.