RBC Capital Initiates Coverage on KKR & Co. with "Outperform" Rating

Font: Financial Modeling Prep  • Feb 24, 2026

On February 23, 2026, RBC Capital initiated coverage on KKR & Co. (NYSE: KKR) with a bullish "Outperform" rating. At that time, KKR's stock price was $92.19. KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. It competes with firms like Blackstone and Warburg Pincus.

KKR is set to acquire a majority stake in XCL Education Holdings for about $1.3 billion. This acquisition will give KKR control over a portfolio of K-12 educational institutions in Asia. The deal involves purchasing the stake from TPG Inc. (NASDAQ: TPG), with KKR outbidding competitors like Warburg Pincus, Blackstone, and EQT AB.

The acquisition of XCL Education Holdings is expected to enhance KKR's portfolio. XCL Education manages notable campuses such as the XCL World Academy in Singapore and the American School of Bangkok's Sukhumvit campus. The transaction is pending regulatory approvals, which is a standard procedure in such large deals.

Despite the positive outlook from RBC Capital, KKR's stock price has decreased by $8.99, or approximately -8.89%, to $92.19. Today, the stock fluctuated between $91.45 and $99.90. Over the past year, KKR's stock has seen a high of $153.87 and a low of $86.15, indicating significant volatility.

KKR's market capitalization is approximately $82.18 billion, with a trading volume of 15.34 million shares. This reflects the company's substantial size and the active interest of investors. The acquisition of XCL Education could potentially influence KKR's future performance and investor sentiment.