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KKR & Co. IncNYSE: KKR

Financials · Asset Management & Custody Banks

$96.93

-0.25%

Vol: 2.8M

Research Digest

Friday, June 19, 2026

Neutral

No significant overnight updates

No material news in the last 48 hours.

Price 50d 200d

Previous Market Intelligence

13 days
Jun 18No significant overnight updatesNeutral

No material news in the last 48 hours.

Jun 17No significant overnight updatesNeutral

No material news in the last 48 hours.

Jun 16No significant overnight updatesNeutral

No material news in the last 48 hours.

Jun 15No significant overnight updatesNeutral

No material news in the last 48 hours.

Jun 14No significant overnight updatesNeutral

No material news in the last 48 hours.

May 21No significant overnight updatesNeutral

No material news in the last 48 hours.

May 20KKR warns it is more likely to miss 2026 $7 adjusted-net-income target and injects $300M into struggling private credit fund.Mixed

KKR told analysts on its Q1 call that it is now more likely to miss its previously disclosed 2026 goal of $7 per share in adjusted net income because asset sales are taking longer than expected. Separately, KKR is injecting $300 million into a private credit fund it co-manages with Future Standard after continued performance deterioration. JPMorgan-led lenders cut FS KKR Capital's credit facility by roughly $648 million (about 14%) while raising borrowing costs, intensifying focus on KKR's credit franchise. Q1 revenue came in at $4.32 billion versus $2.11 billion consensus, with AUM of $758 billion (up 14% YoY). RBC Capital cut its price target to $128 from $132; TD Cowen raised to $106 from $102; UBS raised to $126 from $113. The stock went ex-dividend May 15 with a $0.195 quarterly payout.

May 19KKR is injecting $300 million into the struggling FS KKR Capital Corp private credit fund ($150M preferred equity plus a $150M tender at $11/share) after warning on its 2026 $7 adjusted-EPS target.Mixed

KKR disclosed on May 11 that it will inject $300 million into a deteriorating private credit fund managed jointly with Future Standard: $150 million in preferred equity and a $150 million tender offer for FS KKR Capital Corp common shares at $11 per share. Separately, JPMorgan-led lenders cut FS KKR's credit facility by roughly $648 million (~14%) while raising borrowing costs, intensifying scrutiny of the BDC. The capital injection follows KKR's May 5 Q1 print of $1.39 EPS (versus $1.26 estimate) and $4.32B revenue, but management warned it is now "more likely" to miss its previously disclosed 2026 adjusted-net-income target of $7 per share because asset exits are taking longer than expected. UBS raised its target to $126 from $113 (Buy) while RBC Capital cut to $128 from $132 (Outperform). Why it matters: AUM of $758B (+14% YoY) and a 14% AUM trajectory underpin the long-term compounder story. The bear case: a guidance walk-back plus a forced rescue of a credit fund mid-cycle is the classic late-cycle warning sign for alternatives, and the GMR Solutions IPO falling 10% on debut signals waning appetite for KKR-backed exits.

May 18KKR injected $300M into a struggling private credit fund managed with Future Standard ($150M preferred equity + $150M tender for FS KKR Capital shares at $11), with Bloomberg reporting on May 11 the firm warned analysts it is 'more likely' to miss its 2026 $7/share adjusted net income target; YTD down 27.37%.Negative

KKR injected $300M into FS KKR Capital Corp on May 11, 2026 — $150M in preferred equity and a $150M tender for common shares at $11 — to stabilize a deteriorating private credit fund managed jointly with Future Standard. Bloomberg also reported KKR told analysts it is 'more likely' to miss its previously disclosed 2026 adjusted net income target of $7/share because asset sales are taking longer than expected. JPMorgan-led lenders separately cut FS KKR's credit facility by ~$648M (~14%) and raised borrowing costs. Q1 2026 revenue beat at $4.32B (vs $2.11B est) with AUM of $758B (+14% YoY). KKR-backed GMR Solutions IPO'd at a $3B valuation but fell 10% on debut. Analyst PT changes: RBC cut to $128 from $132 (Outperform); TD Cowen raised to $106 from $102 (Hold); UBS raised to $126 from $113 (Buy). Stock is down 27.37% YTD. Bear case: private credit stress is spreading across KKR/BlackRock/Apollo funds, threatening fee income and the broader private credit growth story.

May 15KKR injects $300M into struggling FS KKR Capital private credit fund as firm warns it is more likely to miss its 2026 $7 EPS profit target.Mixed

KKR announced May 11 that it will inject $300M into the FS KKR Capital private credit fund it co-manages with Future Standard, investing $150M in preferred equity and tendering for $150M of common shares at $11. The move follows Q1 results (May 5) where Q1 AUM rose 14% to $758B and fee-related earnings grew ~20% YoY, but CFO Rob Lewin warned KKR is more likely to miss its $7 adjusted-net-income-per-share target as asset exits take longer than expected. KKR is also in talks with Google to give portfolio companies access to AI models, and goes ex-dividend May 15 with a $0.195 quarterly payout. The profit-target warning is a clear negative offsetting strong fundraising and the Arctos Partners sports investment closure. Barclays cut PT to $122 from $127; UBS raised to $126 from $113; Oppenheimer raised to $143 from $140.

May 14KKR injected $300M into a struggling private credit fund as JPMorgan-led bank group reined in credit line amid mounting lossesMixed

On May 11, KKR injected $300 million into a private credit fund it manages with Future Standard as performance deteriorated, and a JPMorgan Chase-led bank group reined in the credit line to the troubled fund as losses mounted. FS KKR Capital reported NAV per share dropped 9.9% to $18.83 with non-accrual loans jumping to 8.1% from 5.5% at year-end, triggering a $600M strategic support package. Separately, on May 5 KKR reported Q1 2026 adjusted net income per share of $1.39 (up 20% YoY, beating $1.28), AUM growing 14% YoY to a record $758B, $28B of new capital raised, the dividend lifted to $0.195 (ex-date May 15), and the buyback authorization expanded to $3.07B. However, KKR warned analysts it is more likely to miss its $7 per share adjusted net income target this year due to slower asset sales. The bear case is credit-cycle risk in private credit and earnings shortfall against guidance.

May 13KKR injects $300M into struggling private credit fund as JPMorgan-led lenders cut FS KKR credit facility, sending YTD losses to 22%.Negative

On May 11, Bloomberg reported KKR is injecting $300M into a private credit fund managed with Future Standard as performance deteriorates, while a JPMorgan-led bank group cut FS KKR Capital credit facility by ~$648M (14%) and raised borrowing costs. The moves come amid rising loan defaults across the portfolio. KKR also closed its acquisition of Arctos Partners, gaining sports franchise stake exposure. Q1 adjusted EPS was $1.39 (+20.9% YoY) with fee-related earnings up 23.6% to $10.2B, but shares fell over 1% on the May 5 print. KKR is down 22% YTD vs. S&P 500 +8.3%. Consensus is a Moderate Buy with a $129.92 target (~31% upside). Separately, Google is reportedly in talks with KKR, Blackstone and EQT to grant their portfolio companies access to its AI models.

May 12KKR injects $300M into struggling FS KKR private credit fund as it warns of missing $7 ANI/share 2026 profit target on slower asset sales.Mixed

Bloomberg reported May 11 that KKR injected $300M into a private credit fund managed with Future Standard, including $150M in preferred equity and a $150M tender for FS KKR Capital common shares at $11. JPMorgan-led lenders cut FS KKR Capital's credit facility by ~$648M (14%) and raised borrowing costs as loan defaults climb. On the Q1 call (May 5), KKR warned it is "more likely" to miss its 2026 $7/share adjusted net income target due to slower asset exits, despite Q1 fee-related EPS of $1.13 and total operating earnings of $1.47/share (+~20% YoY). Q1 AUM hit $758B (+14% YoY). KKR also expanded buybacks to $3.07B and closed the $1.40B Arctos Partners sports acquisition. Blackstone and KKR are in talks with Google to give portfolio companies access to Google AI models. Risk: private credit stress and exit environment.

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
BLKBLACKROCK$1,050.83-0.62%-0.1%17.3x1.43$171.0B
BXBLACKSTONE$124.01-0.80%+6.0%16.4x1.58$151.3B
BKBANK$137.16+0.00%+5.0%14.2x1.07$94.1B
KKRKKR$96.93-0.25%+2.8%13.1x1.79$90.5B
APOAPOLLO$137.79-0.81%+4.0%13.0x1.49$79.3B
STTSTATE$168.73-1.39%+9.2%12.2x1.45$46.6B

Key Fundamentals

Market Cap$90.5B
P/E (TTM)33.0
Forward P/E13.1
Beta1.79
Div Yield76.00%
Prev Close$97.17

RSI (14-Day)

38Neutral
0305070100

52-Week Range

$82.67$96.93$153.87
From High-37.0%
From Low+17.2%

Moving Averages

50d SMA
$95.82+1.2%
200d SMA
$116.93-17.1%

Price below 200d MA — bearish structure.

Historical Returns

1W
+2.8%
1M
-8.5%
3M
-4.2%
6M
-14.9%
1Y
-21.6%
YTD
-24.7%

Volume

Today2.8M
20d Avg3.8M
Ratio0.75x