On the heels of the US-based asset managers' second-quarter 2024 earnings, we have a better sense of how recent market activity has been affecting results. The rally in the US equity markets the past year has lifted most traditional and alternative-asset manager valuations close to our fair value estimates.
KKR, with $487.3 billion in fee-earning AUM at the end of June 2024, is one of the go-to firms for institutional and high-net-worth investors looking for exposure to alternative assets.
Downturns in the equity and credit markets could leave potential investors in KKR's funds with limited liquidity and large commitments to other funds, making it more difficult for the firm to raise new capital.
|
Metric
|
KKR
|
CG
|
BX
|
|---|---|---|---|
Price/Earnings (Normalized) | 33.77 | 25.49 | 57.27 |
Price/Book Value | 5.41 | 3.09 | 17.42 |
Price/Sales | 5.69 | 4.69 | 11.65 |
Price/Cash Flow | 27.26 | 33.14 | 25.07 |
|
Metric
|
KKR
|
CG
|
BX
|
|---|---|---|---|
Quick Ratio | 4.09 | — | — |
Current Ratio | 4.10 | — | — |
Interest Coverage | 2.14 | — | — |
|
Metric
|
KKR
|
CG
|
BX
|
|---|---|---|---|
Return on Assets (Normalized) | 2.13% | −1.46% | 8.77% |
Return on Equity (Normalized) | 32.04% | −5.73% | 51.12% |
Return on Invested Capital (Normalized) | 5.11% | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| Lvngnzrrk | Ylh | $140.0 Bil | |||
| Blackstone Inc
BX
| Nyjtzbxbp | Mltjnft | $118.6 Bil | |||
| Ameriprise Financial Inc
AMP
| Vdbxsjdbv | Gcshw | $46.0 Bil | |||
| State Street Corp
STT
| Hlcjtbmpc | Nwf | $26.3 Bil | |||
| Raymond James Financial Inc
RJF
| Zjcwjyv | Rwsdgwf | $25.2 Bil | |||
| T. Rowe Price Group Inc
TROW
| Xbcfppvr | Ntjjwm | $24.4 Bil | |||
| Northern Trust Corp
NTRS
| Pxjmxjljy | Llq | $18.2 Bil | |||
| The Carlyle Group Inc
CG
| Dvptdqkh | Zpwkb | $15.5 Bil | |||
| Franklin Resources Inc
BEN
| Bjsrhsgj | Zbd | $10.9 Bil |
United States