While KKR & Co. delivered a powerhouse performance in the third quarter of 2025, its stock price tells a more complicated story. The alternative asset manager smashed earnings expectations and unveiled a strategic push into Japan, yet technical resistance continues to challenge its equity valuation. Investors are now weighing whether the robust fundamentals can soon overpower the current chart pressures.
Stellar Financial Performance
The firm’s quarterly results left little room for disappointment. KKR reported adjusted net income per share of $1.41, comfortably exceeding the analyst consensus range of $1.28 to $1.30. Revenue figures were equally impressive, reaching $2.4 billion against projections of just $1.99 billion.
Fee-related revenue streams demonstrated particular strength across multiple business segments:
- Management fees climbed to $1.1 billion, representing 19% year-over-year growth
- Transaction and monitoring fees contributed $328 million
- Capital markets fees added $276 million
- Performance income surged to $73 million, a 30% annual increase
Unprecedented Investor Capital Inflows
KKR’s ability to attract new capital reached historic proportions during the quarter. The firm gathered $43 billion in fresh commitments—the strongest quarterly fundraising figure in over four years. This massive inflow underscores continued institutional confidence in KKR’s alternative investment platforms.
Capital deployment activity remained vigorous at $26 billion, while dry powder—committed but uninvested capital—held steady at a record $126 billion. Total assets under management expanded by 16% to $723 billion, with fee-paying assets mirroring this growth at $585 billion, also up 16%.
Should investors sell immediately? Or is it worth buying KKR?
Strategic Expansion into Japanese Markets
Alongside its financial achievements, KKR announced a significant strategic move into Japan. On November 10, 2025, the company revealed a takeover bid for Forum Engineering, offering ¥1,710 per share. This price represents a substantial 40.74% premium over the stock’s six-month average.
This transaction marks KKR’s inaugural Global Impact investment in Japan, focusing specifically on workforce skills development. In a separate but related development, Bidco—a KKR entity—confirmed an additional £114 million investment from Oasis Investments.
Technical Indicators Signal Caution
Despite these fundamentally strong developments, KKR’s stock chart reveals underlying weakness. Following the earnings release on November 7, shares initially declined 3.32% in premarket trading before staging a recovery to finish the regular session up 1.9% at $121.54.
The stock currently trades below both its 50-day moving average of $129.87 and its 200-day moving average of $130.87, indicating persistent near-term downward pressure. With a market capitalization of $108.28 billion and a P/E ratio of 56.53, the shares remain considerably below their 52-week high of $170.40.
Market experts appear confident about KKR’s ability to overcome these technical challenges. The average analyst price target of $157.27 suggests substantial upside potential, reflecting professional confidence in the company’s long-term growth trajectory despite current price action concerns.
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