Connect with us

Hi, what are you looking for?


What’s going on with KKR stock?

KKR stock

In May, shares of KKR (NYSE: KKR) increased by 10.5%, driven by the company’s first-quarter results and several strategic partnerships.

According to S&P Global Market Intelligence, KKR reported notable financial performance and expanded its investment footprint through various collaborations.

KKR’s first-quarter earnings report reveals significant growth

KKR reported strong first-quarter results in early May, highlighting over 20% growth in fee-related earnings, total operating earnings, and adjusted net income.

The private equity firm also increased its assets under management (AUM) by 13%, reaching $578 million, with $31 billion of new capital raised during the quarter.

Strategic partnerships announced in May

Throughout May, KKR announced several strategic partnerships aimed at enhancing its investment capabilities.

One notable joint venture was with Healthcare Realty (NYSE: HR), where Healthcare Realty contributed 12 existing properties valued at $383 million.

In return, Healthcare Realty received $300 million and retained a 20% stake in the joint venture. KKR may potentially invest up to $600 million more to support the partnership’s growth.

Another significant partnership involved Hannon Armstrong Sustainable Infrastructure Capital (NYSE: HASI), with the formation of CarbonCount Holdings.

Each firm committed $1 billion to invest in climate-positive projects, combining Hannon Armstrong’s expertise in sustainable infrastructure with KKR’s capital resources.

Additionally, KKR partnered with Capital Group to develop public-private investment solutions.

This collaboration aims to provide high-net-worth individuals and accredited investors with more access to alternative investments, spanning various asset classes and geographies.

Valuation analysis after recent stock rally

Despite an 80% increase in KKR’s stock over the past year, the shares still trade at a forward price-to-earnings ratio (P/E) of less than 21, which is slightly below the S&P 500’s forward P/E of over 21.5.

This valuation is noteworthy considering KKR’s current growth rate and the rising interest in alternative investments among retail investors, who are expected to invest significantly in this sector in the coming years.

The post What’s going on with KKR stock? appeared first on Invezz

You May Also Like

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in...

Editor's Pick

The final December results from the University of Michigan Surveys of Consumers show overall consumer sentiment improved for the month but remains near historically...

Editor's Pick

New orders for durable goods fell 2.1 percent in November, following a 0.7 percent gain in October. Total durable-goods orders are up 10.6 percent...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024