KKR & Co. IncNYSE: KKR
Financials · Asset Management & Custody Banks
$99.74
+5.26%
Vol: 353K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 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.
May 11KKR warned it is more likely to miss its 2026 $7/share adjusted net income target as deal exits slow, even as Q1 results beat estimates and the firm closed its $1.40B Arctos Partners acquisition.Mixed▶
On May 5, KKR reported Q1 2026 results with fee-related EPS of $1.13 and revenue of $4.32B, beating estimates, and AUM rose 14% YoY to $758B. However, management warned it is more likely to fall short of its previously disclosed $7/share adjusted net income goal for 2026 because asset sales are taking longer than expected. KKR also closed its $1.40B acquisition of sports investor Arctos Partners and expanded its share buyback authorization to $3.07B. Separately, KKR is in talks with Alphabet to give portfolio companies access to Google's AI models. Risk: A prolonged slowdown in monetizations could weigh on realized performance fees and full-year earnings.
May 8KKR Q1 revenue $4.32B beats consensus; $1.4B Arctos acquisition closed; dividend increasedPositive▶
KKR reported Q1 2026 revenue of $4.32B (beat $2.11B consensus) and net income of $364.8M vs loss of ($185.9M) prior year. AUM reached $758B, up 14% YoY. Company closed $1.40B Arctos Partners sports investment acquisition in early May. Dividend increased and share repurchase authorization expanded to $3.07B. Analyst consensus "Buy" with 12-month PT of $129.92 (+31.3% upside). Fee-related earnings and operating metrics grew ~20% YoY.
May 6KKR Q1 2026 EPS beat at $1.39 (+22.4% revenue to $1.47B); board authorizes $500M share buyback on May 5; closed Arctos Partners acquisition.Positive▶
KKR reported Q1 2026 EPS of $1.39 (beat of $0.05 vs $1.34 consensus) with 22.4% revenue growth to $1.47 billion. The company closed its acquisition of Arctos Partners for enhanced sports/AI insurance portfolio exposure and launched Helix Digital with over $10 billion in committed capital for AI infrastructure build-out. Board approved $500 million share buyback program on May 5. CFO Rob Lewin emphasized private credit remains compelling despite recent investor pullback, with institutional demand strong. Stock is down 27.37% YTD due to private credit exposure concerns, but recent momentum suggests positioning for recovery.
May 5KKR closes Arctos Partners acquisition and explores $10B Flora Food Group saleMixed▶
KKR closed previously announced Arctos Partners acquisition bringing sports franchise investment expertise into KKR Solutions led by Ian Charles. Arctos became part of new KKR Solutions business including Sports and Keystone units. KKR made $125M investment in Reserv and exploring potential $10B Flora Food Group sale. Secured $10B+ financing for Helix Digital Infrastructure AI launch. Appointed Lauren Goodwin Managing Director and Chief Investment Strategist for Global Wealth Solutions. Stock at $103.80 with 92.54B market cap, up 2.96% past week, up 17.13% past month. Facing 27.37% YTD decline amid private credit exposure concerns. Keybank sold 51.4% Q4 stake; Danske Bank reduced 33.8%.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| BLKBLACKROCK | $1,048.01 | -1.48% | -2.0% | 17.5x | 1.46 | $165.1B |
| BXBLACKSTONE | $127.78 | +7.77% | +1.3% | 15.7x | 1.63 | $144.9B |
| BKBANK | $137.16 | +0.00% | +0.4% | 14.2x | 1.07 | $94.1B |
| KKRKKR | $99.74 | +5.26% | -1.3% | 12.8x | 1.85 | $88.4B |
| APOAPOLLO | $138.79 | +6.03% | -2.4% | 12.3x | 1.52 | $75.5B |
| STTSTATE | $169.28 | +10.14% | -0.0% | 11.1x | 1.46 | $42.5B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.