Global private equity major, KKR & Co (NYSE:KKR), aims to reach an AUM (Assets Under Management) of $1 trillion in the next five years. The company is also aiming to achieve an adjusted EPS of $15 in the next ten years. Its first-quarter numbers are coming up later this month.
Huge Ambitions
The company revealed its ambitious goals at its investor day this week. KKR plans to scale its current asset management, insurance, and strategic holding businesses to reach the $1 trillion goal. It hopes to generate annual operating earnings of over a billion dollars in its strategic holding unit by the end of this decade.
KKR managed assets worth just over $550 billion by the end of last year, with an EPS of $3.42 in 2023. The company aims to increase this figure to around $15 over the next ten years. The company is looking to take this figure to around $15 over the next ten years.
Notably, KKR is looking at Asia as a major avenue for growth. It’s not alone. HSBC (NYSE:HSBC) (GB:HSBA) has also been offloading its operations in North America and Europe, focusing on Asia.
KKR’s Upcoming Q1 Results
Separately, KKR’s first-quarter results are coming up on April 30. Analysts anticipate that the company will post an EPS of $1 on $1.62 billion in revenue for the quarter. In the comparable year-ago period, KKR’s EPS of $0.81 had comfortably exceeded expectations by $0.07.
What Is the Price Prediction for KKR Stock?
KKR’s share price has rallied by nearly 94% over the past year. Overall, the Street has a Strong Buy consensus rating on the stock, alongside an average KKR price target of $108.62.
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