Core Insights - The focus is on providing insightful rating analysis of leading financial firms to identify investment opportunities and potential risks [1] Group 1 - The preferred investment picks are those that exhibit both growth and quality factors, characterized by strong growth narratives supported by robust financial statements [1] - The analyst has a background of seven years in investment, having passed all CFA Program exams, indicating a solid foundation in financial analysis [1]

Group 1 - The focus is on growth and dividend income, with a strategy aimed at creating a portfolio that emphasizes compounding dividend income and growth [1] - The portfolio is structured to provide monthly dividend income that increases through reinvestment and annual raises [1] Group 2 - The article expresses personal opinions and is not intended as a recommendation for stock purchases or sales [2] - It emphasizes the importance of conducting individual research before making investment decisions [2]

Company Overview - KKR & Co. Inc. is a global investment firm based in New York, offering alternative asset management, capital markets, and insurance solutions [11] - The firm sponsors investment funds that invest in private equity, credit, and real assets, and has strategic partners managing hedge funds [11] - KKR's insurance subsidiaries provide retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group LLC [11] - KKR joined the S&P 500 index on June 24, 2024 [11] Investment Ratings - KKR is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of B [12] - The company has a Momentum Style Score of A, with shares increasing by 3.8% over the past four weeks [12] - Two analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.05 to $6.15 per share [12] - KKR has an average earnings surprise of 6.7% [12] Investment Considerations - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, KKR is recommended for investors' short lists [13]

Financial Data and Key Metrics Changes - Fee related earnings per share (FRE) for Q4 2024 was $0.94, up 24% year-over-year, marking the second highest quarterly figure in company history [5] - Adjusted net income (ANI) for Q4 2024 was $1.32, up 32% year-over-year, also the second highest quarterly figure in history [5] - For the full year 2024, FRE per share and ANI per share were $3.66 and $4.70, up 37% and 38% respectively compared to 2023, both record annual figures [6] - Total fee related revenues for Q4 2024 were $1.3 billion, up 17% year-over-year [7] Business Line Data and Key Metrics Changes - Management fees in Q4 2024 were $906 million, up 15% year-over-year, driven by fundraising activities and increased deployment [6] - Total transaction and monitoring fees for Q4 were $324 million, with capital markets transaction fees at $270 million, primarily from private equity and infrastructure [7] - Realized performance income was $676 million, and realized investment income was $110 million, totaling $786 million in monetization activity, up nearly 50% year-over-year [10] Market Data and Key Metrics Changes - KKR raised $27 billion in capital during Q4 2024, with total new capital raised for the year at $114 billion, the second most active year in company history [14][15] - The private equity portfolio appreciated 14% for the year, while infrastructure was up 14% and credit composites were up 10% and 12% respectively [11] Company Strategy and Development Direction - KKR plans to increase its annual dividend from $0.70 to $0.74 per share, effective with Q1 2025 earnings [12] - The company is focusing on expanding its wealth management segment, with AUM across K-Series vehicles reaching $16 billion by year-end 2024, and expected to grow to $18 billion shortly thereafter [18] - Strategic Holdings is seen as a key differentiator, with plans to increase stakes in three businesses by at least $2.1 billion, enhancing future earnings potential [25][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the improved M&A environment and expects increased monetization activity in 2025, supported by high equity values and credit availability [111] - The company anticipates a more constructive environment for deployment and fundraising, with optimism around private equity and real estate markets [40][136] - Management noted that the business model, combining asset management, insurance, and strategic holdings, positions KKR well for future growth [44] Other Important Information - KKR's capital markets business achieved a revenue milestone of $1 billion for the first time in 2024 [23] - The company is integrating Global Atlantic fully into its operations, enhancing investment opportunities across various strategies [24] Q&A Session Summary Question: Investing outlook across the firm - Management expects an improved M&A environment in 2025, with volatility creating opportunities [48][50] Question: Update on Americas fundraise and management fee growth - The Americas private equity fund is ahead of expectations, with management fee growth expected to accelerate [57][61] Question: Strategic Holdings announcements - Management views Strategic Holdings as a differentiator and sees an opportunity to increase stakes in businesses that will enhance long-term earnings [70][72] Question: Wealth management opportunity - KKR sees significant growth potential in K-Series products and partnerships, particularly with Capital Group targeting mass affluent investors [89][90] Question: Monetization environment outlook - Management is confident in increased monetization activity in 2025, supported by favorable market conditions [111][114] Question: Asset-based finance platform progress - The asset-based finance segment is growing rapidly, with significant market opportunities identified [122][126] Question: Fundraising outlook and sustainability of drivers - Management is optimistic about continued fundraising momentum, with expectations for flagship funds to contribute more in 2025 [136][140]

Core Insights - KKR reported fourth-quarter 2024 adjusted net income per share of $1.32, exceeding the Zacks Consensus Estimate of $1.27, and up from $1 in the prior-year quarter [1] - For the full year 2024, adjusted net income per share was $3.46, missing the Zacks Consensus Estimate of $3.54, and down from $4.14 in the previous year [2] Financial Performance - Net income attributable to the company (GAAP basis) for the fourth quarter was $1.12 billion, an increase of 8.2% year over year [3] - For 2024, net income attributable to the company (GAAP basis) was $3.08 billion, reflecting a decline of 16.4% year over year [3] - Total segment revenues for the fourth quarter reached $1.26 billion, up 17% year over year, surpassing the Zacks Consensus Estimate of $1.23 billion [4] - Full-year revenues were $4.8 billion, a 23.9% increase year over year, beating the Zacks Consensus Estimate of $4.74 billion [4] - Total segment expenses rose 3.7% year over year to $412 million [4] Assets Under Management (AUM) - As of December 31, 2024, total AUM grew 15.3% year over year to $637.6 billion, with fee-paying AUM at $512 billion, a 14.7% increase from the previous year [5] Earnings Growth - Total operating earnings increased by 19.5% year over year to $1.1 billion, driven by growth in fee-related earnings [6] - Fee-related earnings were $843 million, up 24.8% year over year, primarily due to growth in management fees and capital markets transaction fees [6] Strategic Outlook - KKR is expected to continue leveraging lucrative investment opportunities supported by its efficient fund-raising capabilities [7] - The significant growth in fee-related earnings and total operating earnings is enhancing the company's financial position, although elevated expenses are anticipated due to global expansion [7]

Core Insights - KKR reported strong fourth-quarter and full-year 2024 earnings, surpassing analysts' expectations with an adjusted EPS of $1.32 and total revenue of $3.26 billion, indicating robust performance in asset management and insurance segments [2][3] Financial Performance - Adjusted EPS for Q4 2024 was $1.32, exceeding the estimate of $1.28 and showing a 32% increase from $1.00 in Q4 2023 [4] - Total revenue for Q4 2024 was $3.26 billion, significantly higher than the expected $1.96 billion, although it represented a 26.4% decrease from $4.43 billion in Q4 2023 [4] - Fee-related earnings reached $843 million, a 25% increase from $675 million in Q4 2023 [4] - Total operating earnings were $1.1 billion, up 19.5% from $921 million in Q4 2023 [4] Business Overview - KKR is a leading global investment firm with diversified asset management operations, including private equity, real assets, and credit solutions, with a strong presence in insurance through Global Atlantic [5] - The firm focuses on strategic growth and leverages its extensive network and capital base to enhance its global reach [5][6] Growth Trajectories - KKR's assets under management increased by 15% to $638 billion, driven by a 14% rise in management fees [7] - The insurance segment's net investment income grew significantly, with total earnings rising from $816 million in 2023 to $1.01 billion [8] - Strategic holdings in private equity investments are increasing, with a goal to boost operating earnings in that segment to $1.1 billion by 2030 [9] Future Outlook - KKR's management did not provide specific guidance but expressed confidence in ongoing growth initiatives [11] - The annualized dividend is set to increase from $0.70 to $0.74 per share, reflecting sustained earnings growth [12] - Strategic priorities include investments in infrastructure and technology, as well as expanding the insurance platform through Global Atlantic [12]

Core Insights - KKR & Co. Inc. reported a revenue of $1.26 billion for the quarter ended December 2024, reflecting a 17% increase year-over-year and surpassing the Zacks Consensus Estimate of $1.23 billion by 2.40% [1] - The company's EPS for the quarter was $1.32, up from $1.00 in the same quarter last year, exceeding the consensus estimate of $1.27 by 3.94% [1] Financial Performance Metrics - KKR's Assets Under Management (AUM) for new capital raised was $26.71 billion, exceeding the average estimate of $23.19 billion [4] - Private Equity AUM stood at $195.36 billion, slightly above the average estimate of $195.35 billion [4] - Fee Paying AUM was reported at $511.96 billion, below the average estimate of $520.43 billion [4] - Real Assets Segment's ending AUM for fee-paying assets was $139.68 billion, compared to the average estimate of $142.22 billion [4] - Fee Related Earnings from performance revenues were $25.09 million, lower than the average estimate of $34.34 million, but showed a 5% increase year-over-year [4] - Transaction and Monitoring Fees, Net, were reported at $323.80 million, exceeding the average estimate of $258.94 million, representing a 22.5% year-over-year increase [4] - Realized Investment Income in the Principal Activities Segment was $109.82 million, below the average estimate of $165.33 million [4] - Management Fees were reported at $906.12 million, slightly below the average estimate of $918.60 million, reflecting a 15.5% year-over-year increase [4] - Fee Related Earnings totaled $842.99 million, surpassing the average estimate of $825.31 million [4] - Operating Earnings from Strategic Holdings were $7.81 million, below the average estimate of $8.59 million [4] - Other Operating Expenses were reported at -$192.40 million, worse than the average estimate of -$180.56 million [4] - Fee Related Compensation was -$219.62 million, slightly worse than the average estimate of -$213.37 million [4] Stock Performance - KKR's shares have returned +8.3% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

KKR KKR & Co. Inc. Reports Fourth Quarter 2024 Financial Results February 4, 2025 KKR Reports Fourth Quarter 2024 Financial Results New York, February 4, 2025 – KKR & Co. Inc. (NYSE: KKR) today reported its fourth quarter Conference Call A conference call to discuss KKR's financial results will be held on February 4, 2025 at 10:00 a.m. ET. The conference call may be accessed by dialing +1 (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers); a pass code is not required. Additionally, the co ...

Wall Street analysts forecast that KKR & Co. Inc. (KKR) will report quarterly earnings of $1.29 per share in its upcoming release, pointing to a year-over-year increase of 29%. It is anticipated that revenues will amount to $1.23 billion, exhibiting an increase of 14.4% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed ...

Group Overview - Dawsongroup is a leading independent asset leasing business headquartered in Milton Keynes, UK, with a strong market position and a diverse range of business-critical solutions [2][7] - The company has over 1,150 employees across 11 countries and has developed solid supplier relationships and a diversified customer base since its inception in 1935 [2][8] - Dawsongroup specializes in asset leasing, including vehicles and refrigerated boxes, and offers customized assets along with maintenance and repairs [2][3] Acquisition Details - KKR has entered into a binding agreement to acquire Dawsongroup as part of its Global Climate strategy, which focuses on scaling net-zero solutions and decarbonizing higher emitting assets [1][4] - The acquisition aims to support Dawsongroup's ambitious growth strategy and fleet transition, enhancing its sustainability-led ambitions [1][4] - The transaction is subject to regulatory approvals [6] Financial Performance - Dawsongroup reported a record performance last year with Group EBITDA of approximately £250 million [3] - The company has a sustainable growth strategy in place to unlock its significant potential and expand its market presence [3][5] Strategic Partnership - The partnership with KKR is expected to accelerate the decarbonization of Dawsongroup's vehicle and asset leasing solutions, leveraging KKR's expertise in renewable energy and climate-related investments [4][5] - KKR plans to implement an employee ownership program, allowing Dawsongroup employees to participate in the Group's future success [4] - KKR has invested over $21 billion in renewable energy and climate-related investments, demonstrating its commitment to sustainable solutions [5]