KKR & CoNYSE: KKR

U.S. investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a 3 billion pounds ($3.88 billion) share sale which forms part of a wider recapitalisation plan, Sky News reported on Saturday.

FS KKR Capital is a business development company that invests in debt for middle-market US companies, using its Adviser's extensive network. As of June 2024, FSK's regular dividend payout ratio was about 120%. It's important to note that we've already seen one interest rate cut, and more may follow, which could lead to additional payments for shareholders until we reach a further 150 basis points cut.

Top global investment companies, Capital Group and KKR, have submitted registration statements to the SEC for two public-private fixed income funds, which are set to launch in the U.S. in early 2025, subject to regulatory approval. These funds, named Capital Group KKR Core Plus+ and Capital Group KKR Multi-Sector+, are part of a new category of investment solutions aimed at helping investors include private markets in their portfolios. This move follows the announcement of a strategic partnership between the two firms to develop these innovative investment options.

The new leadership and restructuring will promote growth and improve business operations to better meet the changing needs of clients and CRO partners worldwide. This change is taking place in Malvern, Pennsylvania.

KKR announced Q3 earnings that exceeded expectations, pushing its stock to record levels, with earnings per share increasing by 27% from the previous quarter and 57% compared to last year. Their fee-related earnings rose by 79.5% year-on-year, far surpassing Blackstone's 4.5% growth. However, despite this strong performance and positive future prospects, KKR's valuation is considered high at 30.6 times its price-to-segment revenue, suggesting the stock may be overvalued.

KKR & Co. Inc. (NYSE:KKR) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 10:00 AM ET. The call will feature company representatives including Craig Larson, Scott Nuttall, and Rob Lewin, along with various analysts from major financial institutions. Thank you for joining us for this important update on KKR's performance.

While the revenue and earnings per share (EPS) for KKR & Co. (KKR) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

KKR & Co. Inc. (NYSE: KKR) has announced its financial results for the third quarter of 2024, which can be found on their Investor Center webpage at https://ir.kkr.com/events-presentations/. They will hold a conference call to discuss these results today, October 24, 2024, at 10:00 a.m. ET. To join the call, U.S. callers can dial (877) 407-0312, while international callers can use +1 (201) 389-0899, and no pass code is needed.

On Thursday, the Italian energy company Eni announced that the U.S. investment firm KKR will acquire a 25% share in Enilive. This agreement values the whole biofuel division at 11.75 billion euros, which is about $12.68 billion.