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KKR & Co. Inc. (KKR)

NYSE - Nasdaq Real Time Price. Currency in USD
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51.76+1.30 (+2.58%)
At close: 04:00PM EDT
51.80 +0.04 (+0.08%)
After hours: 05:25PM EDT
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  • T
    Tambo210
    Non-GAAP results ok.

    But in this market, I don't think Wall st cares.

    I wonder if KKR will increase the distribution a little more? Do benefit from buybacks.

    Won't reap the rewards of holding this until another few years (get interest rate rises out of the way). Number of purchases and assets this company has under its belt is staggering.
  • j
    josh
    KKR & Co (KKR) reported Q1 after-tax distributable earnings of $1.10 per adjusted share, up from $0.75 a year ago.

    Analysts polled by Capital IQ expected $0.98.

    Revenue for the quarter ended March 31 fell to $1.00 billion from $4.56 billion.

    The board raised the company's quarterly dividend to $0.155 per share from $0.145 per share. The dividend will be paid on May 31 to holders of record on May 16.
  • j
    josh
    5/4/22
    BMO Capital Markets Lowers Price KKR & Co. Inc. (KKR) $90.00 -> $80.00
    Deutsche Bank Lowers Price KKR & Co. Inc. (KKR) $83.00 -> $81.00
  • C
    Cody
    rumor going around that kkr sold off chi overhead doors
  • J
    JaroslavK
    BX eps 25% higher comparing to KKR but stock price is 105% higher. KKR should trade $80 right now
  • T
    Tambo210
    Good news,
    Cramer favors Blackstone over KKR!

    Thanks god!
  • T
    Tambo210
    With the number of announcements (latest being the leveraged buyout of a private hospital network in Australia), this company is shaping up to be a cash cow in the not too distant future.

    Fees, and gains in asset values are going to propel this company. Great price to buy in. Just got to weather the interest rate rises (wish they'd get them out of the way)
  • E
    Edward
    Two interesting headlines..,

    KKR & Co. swings to a loss and revenue misses target (Marketwatch)

    KKR's first-quarter earnings jump 47% on strong asset sales, fees (Reuters)

    Isn't it fascinating how the press can present the same earnings report in two different ways?? Looking at one, you'd expect the stock to fall quite a bit. Looking at the other, you'd think it was going to explode upwards.

    Same thing works in the political world, doesn't it?
  • T
    Tambo210
    Jefferies analyst Gerald O'Hara lowered the price target on KKR (NYSE: KKR) to $86.00 (from $92.00) while maintaining a Buy rating
  • L
    Luke
    I highly respect ✊ his T/A for both targets and which way you lean bullish or bearish. Thanks!!!
  • M
    MikeG
    Couldn’t agree more. So underappreciated. >100B organic aum raised in last 12 months. This valuation doesn’t even account for mgmt fee revs
  • E
    Edward
    Waiting for the price to go under $48.
  • T
    Tambo210
    What's the reason for today's fall?
    On a separate note, BX's yield is hard to ignore. DOne something right to return over $4 per year.

    Why can't KKR have a 4% yield?
  • T
    Tambo210
    Taken from a letter by Alphyn capital management

    KKR's share price was impacted by the general market and worries about interest rates, as Private Equity's business model relies on good exit multiples and leverage. Approximately 20% of KKR's portfolio is in public equities and is marked to market; for example, the 43% decline in Applovin (APP) cost KKR ~$3bn in value.

    Nevertheless, KKR's long-term performance driver remains the growth in its fee-paying assets under management (PFAUM), on which KKR earns both management and performance fees. So long as KKR continues to earn good returns for its investors, the growth in fees will continue to compound to KKR's benefit. Moreover, as 90% of PFAUM is perpetual or has a duration of over eight years, we have the rare advantage of good visibility into a key component of future performance.

    Large managers, such as KKR, are highly diversified, have good track records, and receive the lion's share of industry AUM. KKR's capital recycling machine is in great shape. In 2021, KKR grew FPAUM 92% to $357 bn, deployed a staggering $73bn, and had gross unrealized carried interest of $8.6bn. In 2022, besides traditional private equity in the Americas and Europe, KKR will raise $13bn for five funds in Asia across infrastructure, real estate, credit, and growth. It will also raise $12bn for 5 "core" strategies, which are lower-risk assets that are more stable, less cyclical, and more cash-generative than those targeted by traditional private equity, and $15bn for ten real estate strategies. In March, it acquired Mitsubishi Corp. (OTCPK:MSBHF)- UBS Realty Inc. (with $15bn in AUM. As with other alternative managers, KKR is looking to grow its business with retail investors and insurance companies, both of which are underserved by alternatives and represent significant opportunities.

    All the above gives me confidence in the company's 5-year target of doubling after-tax distributable earnings.
  • T
    Tommy
    Consider buying
  • j
    josh
    4/8/22
    Deutsche Bank Lowers Price KKR & Co. Inc. (KKR) $87.00 -> $83.00 Buy
  • T
    Tambo210
    Well. Hopefully the news report transpires to be true and KKR walk away. Lack of transparency and delays on letting your potential buyer look at your financial status is a bad omen.

    More prudent to save the cash for something which is less bureaucratic than owning one of the largest telecom's companies of a European country.

    TIM is no angel. It does have a troubled past and immense losses.

    Walking away wouldn't be a bad thing for us stockholders.
  • T
    Tambo210
    Taro Fuse
    Tue, April 26, 2022, 8:43 AM·2 min read

    1 / 2
    Marelli Pushes Back Decision on Sponsor After Talks Stall
    In this article:

    KKR
    +2.38%

    (Bloomberg) -- Marelli Holdings Co., the auto-parts supplier seeking to renegotiate its debt, wasn’t able to decide on a sponsor or business restructuring plans for for its turnaround in its meeting with creditors this week, the company said.

    The company, a key supplier for automakers Nissan Motor Co. and Stellantis NV, is now seeking to select a sponsor and finalize a plan next month, spokesman Hiroshi Watanabe told reporters after a meeting with creditors on Tuesday.
  • s
    sheila
    Per Yahoo news, looks like the KKR /TIM deal Is dead. As an outsider in terms of info about TIM, but KKR shareholder, I say good. Cannot imagine anything good would become of this deal.
  • T
    Tambo210
    KKR price target lowered to $73 from $83 at Wells Fargo

    Bit harsh! Loaded gun