On November 29, 2025, KKR & Co. Inc. (NYSE: KKR) sits at the crossroads of heavy institutional buying, robust earnings momentum and heightened attention to its role in mission‑critical infrastructure. For investors tracking KKR stock today, the latest filings and analysis point to growing long‑term confidence in the alternative asset manager—even as the share price remains well below last year’s highs.
Below is a breakdown of all the key KKR stock news and context around it as of November 29, 2025.
KKR stock today: price, performance and volatility
KKR shares last traded around $122 per share on Friday, November 28, 2025, with the official close recorded near $122.21, up about 1.1% on the day. [1]
Over the last 12 months, the stock has:
- Fallen from about $162.87 on November 29, 2024 to roughly $122.31, a 24.9% decline year‑on‑year. [2]
- Traded in a 52‑week range of roughly $86.15 (low) to $170.40 (high). [3]
From a valuation and risk perspective:
- Market capitalization: about $108 billion. [4]
- Trailing P/E: ~56x, reflecting still‑depressed GAAP earnings. [5]
- Forward earnings: Street expects about $5.19 EPS for the current fiscal year, implying a forward P/E in the mid‑20s at current prices. [6]
- Dividend: quarterly $0.185 per share (annualized $0.74, yield ~0.6% at current prices). [7]
- Balance sheet: current and quick ratios near 0.08, debt‑to‑equity ~0.77, and beta ~1.9, underscoring that KKR trades more volatile than the broad market. [8]
Risk‑adjusted performance has been mixed. PortfolioLab data show a 1‑year Sharpe ratio of about ‑0.51 for KKR, but 5‑ and 10‑year Sharpe ratios above 0.6, reflecting strong long‑term returns despite the recent drawdown. [9]
All key KKR stock news dated November 29, 2025
Several fresh pieces of news and analysis specifically concerning KKR stock landed on November 29, 2025:
1. Norges Bank takes a $1.53 billion stake in KKR
A filing‑based report from MarketBeat reveals that Norges Bank, Norway’s central bank and sovereign wealth fund manager, has built a major new position in KKR: [10]
- Shares purchased:11,504,313
- Estimated value: about $1.53 billion
- Ownership: roughly 1.29% of KKR’s outstanding shares
The stake was accumulated in the second quarter, but the disclosure and analysis were published on November 29, making this one of the day’s most important institutional‑ownership headlines for KKR.
The same report reiterates that:
- KKR’s Q3 EPS of $1.41 beat the $1.30 consensus.
- Quarterly revenue of $4.36 billion came in well above estimates around $2.14 billion. [11]
- Institutional investors collectively hold about three‑quarters of the float, underlining the stock’s heavy professional ownership. [12]
2. Florida Retirement System boosts its KKR stake
Another November 29 MarketBeat piece focuses on the State Board of Administration of Florida Retirement System, which modestly increased its KKR position: [13]
- New total holding:642,755 shares
- Value: about $85.51 million
- Ownership: roughly 0.07% of KKR
- Change: added 8,820 shares in Q2
The article again stresses that institutional investors own roughly 76% of KKR shares, and reiterates the Q3 earnings beat and dividend details, reinforcing the narrative of broad institutional support. [14]
3. Virtus Investment Advisers opens a new position
A separate filing summary published the same day notes that Virtus Investment Advisers LLC initiated a new KKR position: [15]
- Position size:12,195 shares
- Approximate value:$1.62 million
The article also lists several other large institutions that recently added to KKR—Vanguard, Massachusetts Financial Services, Nuveen and Legal & General among them—and confirms the “Moderate Buy” consensus rating and an average Street price target near $156. [16]
Taken together, the three November 29 filing‑based articles paint a clear picture: sovereign wealth funds, major public pensions and asset managers are accumulating KKR, even after a year of share‑price weakness.
4. Short‑term trading levels: “Volatility zones” for KKR
Technical research firm Stock Traders Daily published a tactical piece titled “(KKR) Volatility Zones as Tactical Triggers” on November 29. It uses AI‑driven, multi‑timeframe analysis to identify key support and resistance levels for KKR stock: [17]
- Near‑term (1–5 days):
- Signal: strong bullish
- Support around $120.12
- Resistance near $123.31
- Mid‑term (5–20 days):
- Signal: neutral
- Support ~$114.46
- Resistance ~$120.85
- Long‑term (20+ days):
- Signal: weak
- Wider range roughly $123.64–$142.84
For traders, the message is that KKR appears constructive in the very short run, but longer‑term technical momentum remains fragile after this year’s drawdown.
5. AI‑powered rating: KKR scored “Buy” by Danelfin
On November 29, AI‑analytics platform Danelfin updated its view on KKR, assigning the stock an AI Score of 7/10 (Buy). [18]
According to the site’s methodology:
- Danelfin estimates KKR has about a 60.7% probability of outperforming the S&P 500 over the next three months, versus an average 55.2% probability for U.S. stocks overall—a +5.54 percentage‑point “probability advantage.” [19]
- The score blends fundamental, technical and sentiment signals.
Danelfin also lists KKR’s market cap near $109 billion, sales around $17.7 billion and P/E around 52x, using its own data feed, broadly consistent with other sources given small provider differences. [20]
6. KKR’s data‑centre exposure in focus after CME outage
A dramatic data‑centre failure near Chicago that halted CME Group derivatives trading for roughly 10 hours on November 28 continues to reverberate through markets on November 29. [21]
- The outage occurred at a CyrusOne data‑centre complex in Aurora, Illinois, which serves as CME’s main trading hub.
- Reports note that CyrusOne is owned by KKR & Co. and Global Infrastructure Partners, after the two firms acquired the company in 2021. [22]
While the incident primarily raises questions for CME’s contingency planning, it also highlights KKR’s embedded role in critical digital infrastructure and the operational risks inherent in such assets—even when they sit inside portfolio companies rather than on KKR’s own balance sheet.
7. Dividend‑oriented coverage
KKR also appears in the latest “Dividend Champion, Contender and Challenger” weekly highlight published on November 29, which tracks companies with established histories of dividend growth and payments. [23]
While KKR’s yield is modest at about 0.6%, the firm’s ongoing $0.185 quarterly dividend and long‑term capital‑return policy are of interest to investors looking for growth‑plus‑income exposure in financials. [24]
Earnings backdrop: Q2 and Q3 2025 point to strong fundamentals
The November 29 headlines sit on top of a solid earnings backdrop:
Q3 2025 results: beat on both earnings and revenue
On November 7, 2025, KKR reported Q3 results that beat market expectations: [25]
- Adjusted EPS:$1.41, ahead of the $1.30 consensus.
- Revenue: about $4.36 billion, far above analyst estimates around $2.14 billion.
- Net income attributable to common shareholders: roughly $860 million, up from about $601 million a year earlier. [26]
- AUM: rose roughly 16% year‑over‑year, driven by strong fundraising and growth in the insurance business. [27]
In a separate Reuters piece, KKR executives noted an uptick in credit defaults but said they see “nothing alarming”, arguing that the firm’s diversified exposure and underwriting discipline leave it relatively well‑positioned. [28]
Q2 2025: record fee‑related earnings and AUM of $686 billion
Q3’s strength followed an equally robust Q2 2025, when KKR reported: [29]
- Fee‑related earnings (FRE):$887 million (about $0.98 per share), up 17% year‑on‑year.
- Total operating earnings:$1.2 billion (~$1.33 per share), up 14%.
- Assets under management:$686 billion, up 14% versus Q2 2024.
- Perpetual capital: roughly $289 billion, representing about 42% of AUM and 50% of fee‑paying AUM.
The earnings trajectory helps explain why, despite the stock’s negative 12‑month return, long‑term total returns remain very strong, with one analysis putting KKR’s 3‑year and 5‑year returns at roughly +138% and +222%, respectively. [30]
Strategic growth drivers KKR investors should watch
Recent deal and fundraising news—much of it in November—shows where KKR is betting for future growth.
1. New $15 billion Asia private equity fund in the works
Reuters reported on November 20 that KKR is aiming to raise about $15 billion for its fifth Asia‑focused private equity fund, one of the largest vehicles of its kind. [31]
Key points:
- The fund will invest across Japan, India, China, South Korea and Southeast Asia.
- KKR already had about $80 billion of AUM in Asia at the end of September, highlighting the region’s central role in its growth strategy. [32]
2. Renewed BNPL deal with PayPal
On November 17, KKR and PayPal announced a renewed partnership under which KKR funds will buy up to €65 billion (about $75.4 billion) of European “buy now, pay later” (BNPL) loans over time. [33]
This deal:
- Expands KKR’s private credit footprint in consumer finance.
- Gives PayPal balance‑sheet relief and capital flexibility.
- Reinforces KKR’s strategy of originating or acquiring long‑duration, yield‑rich assets that can be paired with its insurance capital.
3. $750 million credit solution for Chandra Asri Group
On November 16, KKR announced a $750 million bespoke financing solution for Chandra Asri Group, supporting the acquisition of ExxonMobil’s Esso‑branded retail fuel station network in Singapore. [34]
The transaction:
- Is arranged by KKR Capital Markets and anchored by its private credit and insurance platforms.
- Illustrates KKR’s push into infrastructure‑adjacent energy assets and bespoke financing in Asia.
4. Education & impact: Lighthouse Learning and Forum Engineering
KKR also unveiled a series of impact‑oriented and growth‑equity deals:
- Lighthouse Learning (India): On November 24, KKR announced a further investment in Lighthouse Learning Group, an early‑childhood and K‑12 education platform educating more than 190,000 students across 1,850 preschools and 60 K‑12 schools. KKR remains majority owner and is backing an expansion of the network under its Asian Fund IV. [35]
- Forum Engineering (Japan): Through its Global Impact Fund II, KKR plans a tender offer for Forum Engineering at ¥1,710 per share, a roughly 40% premium to the six‑month average price—its first Global Impact investment in Japan. [36]
5. Energy transition and infrastructure
Earlier this week, Reuters reported that Serentica Renewables, a KKR‑backed Indian renewables company, is planning to raise up to $8 billion to fund up to 17 GW of clean‑energy projects by 2029–30, underlining KKR’s role in financing India’s energy transition. [37]
Combined with KKR’s ownership in data‑centre operator CyrusOne and its stake in infrastructure‑heavy assets, these deals position KKR as a key player in the digital and energy infrastructure that underpins modern economies. [38]
Institutional ownership, sentiment and valuation
Between today’s new filings and prior disclosures, a few themes stand out:
- High institutional ownership: MarketBeat data indicate that roughly 76% of KKR shares are held by institutions and hedge funds, including sovereign funds, pensions and large asset managers. [39]
- Large, long‑term investors are adding: Norges Bank’s 1.29% stake, Florida’s retirement system and other institutional buyers signal ongoing accumulation rather than broad capitulation. [40]
- Analyst stance: Around 15 analysts track the name, with an average rating of “Moderate Buy” and a mean price target of about $156, implying notable upside from current levels. [41]
From a valuation perspective:
- Trailing P/E near 56x looks rich, but reflects cyclical earnings and the accounting noise common to alternative asset managers. [42]
- Based on expected EPS of 5.19, the forward P/E is in the low‑to‑mid‑20s, more in line with high‑quality financials with structural growth. [43]
- A sub‑1% dividend yield suggests KKR is still a growth‑centric story, with most value coming from NAV growth, fee expansion and multiple re‑rating, not income. [44]
AI‑driven tools and risk metrics (Danelfin’s 7/10 “Buy” score, PortfolioLab’s long‑term Sharpe ratios) align with this: they portray a volatile but historically rewarding stock, whose risk‑adjusted returns improve significantly over multi‑year horizons. [45]
Key risks for KKR stock investors
Despite today’s upbeat institutional news, KKR stock carries several risks that investors should factor in:
- Market and rate sensitivity: As an alternative asset manager with substantial exposure to private equity, credit and real assets, KKR is highly exposed to economic cycles and interest rates. Sharper slowdowns or prolonged high rates can pressure fundraising, exits and marks. [46]
- Credit and default risk: While management currently sees nothing alarming in rising defaults, a more severe credit cycle could affect private credit funds and insurance portfolios. [47]
- Regulatory and political risk: Global regulators continue to focus on private markets, leverage, and insurance‑linked structures, which could impact KKR’s business model or capital requirements over time. [48]
- Operational and reputational risk: Events like the CyrusOne‑linked CME outage highlight how issues at portfolio companies can create headline risk even if direct financial losses are limited. [49]
What November 29 developments mean for KKR stock
Putting it all together, here’s how today’s KKR news flow lines up:
- Big money is buying the dip. A $1.53 billion stake from Norges Bank, incremental buying from Florida’s retirement system and new positions from Virtus and others underscore institutional conviction in KKR’s long‑term strategy. [50]
- Fundamentals are strong. Q2 and Q3 showed double‑digit growth in fee‑related earnings, rising AUM, and robust performance across credit and insurance, even as the stock traded lower over the past year. [51]
- Technical picture is mixed but improving short term. Short‑term trading models see support near $120 and resistance in the low‑$120s, suggesting an important near‑term battleground for traders. [52]
- Valuation relies on continued growth. With a forward P/E in the 20s and modest yield, KKR is priced as a growth‑oriented compounder in the financials sector, not as a deep‑value play. [53]
For long‑term investors, November 29’s news reinforces the view of KKR as a high‑quality but volatile franchise:
- It commands strong institutional sponsorship and continues to deploy capital into infrastructure, energy transition, education and credit at scale.
- Yet its stock remains sensitive to macro shocks, market sentiment and operational headlines, from earnings cycles to data‑centre outages.
As always, anyone considering buying, selling or holding KKR stock should treat this as informational, not investment advice, and combine it with their own research, risk tolerance assessment and, where appropriate, professional financial guidance.
References
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