Group 1: Company Overview - KKR is looking to sell its minority stake in Maya, a Philippine FinTech company with 5.4 million customers, potentially valuing Maya at over $2 billion [1] - KKR owns more than 20% of Maya and initially invested in the company in October 2018 when it was known as Voyager Innovations [1] Group 2: Funding and Valuation - Maya was valued at $1.4 billion in its most recent funding round, raising $210 million in April 2022 [2] - The company achieved unicorn status as the owner of FinTech PayMaya and neobank Maya Bank during this funding round [2] - Previous funding rounds included $167 million in June 2021, $120 million in April 2020, and $215 million in 2018 [3] Group 3: Services and Expansion - Maya plans to use the funds from its funding rounds to launch new services for Maya Bank, including savings and credit, and expand PayMaya's offerings with cryptocurrency and micro-investments insurance [3] - The company rebranded its PayMaya mobile wallet to Maya in April 2022, expanding its services to include digital banking and crypto features [4] - Maya Bank was launched six months after receiving a digital banking license from the Bangko Sentral ng Pilipinas (BSP) [4] Group 4: Industry Context - Mynt, the owner of GCash, was valued at $5 billion in August 2022, indicating strong competition in the Philippine digital wallet market [5] - GCash has reached 94 million users, approximately 78% of the Philippine population, highlighting the growing adoption of digital wallets in the country [5]

Core Insights - The stock price of FS KKR Capital Corp (NYSE: FSK) is nearing 52-week highs, indicating a resurgence of investor confidence in the company's investment performance [1] Group 1 - Investors are regaining confidence in FS KKR Capital Corp's business development and investment performance [1] - A previously high non-accrual ratio has been a concern for FS KKR, but it appears to be stabilizing as investor sentiment improves [1]

Earnings Growth and Revenue Strength - KKR witnessed earnings growth of 15.1% over the past three to five years, driven by organic growth and rising AUM balances [3] - The Zacks Consensus Estimate for earnings indicates a 37.7% year-over-year increase for 2024 and 30% growth for 2025 [4] - KKR's net revenues saw a CAGR of 43.3% in the last five years (ended 2023) with some volatility, and the trend persisted in the first nine months of 2024 [4] - The Zacks Consensus Estimate for revenues indicates a 24% year-over-year increase for 2024 and 18.6% growth for 2025 [5] AUM Growth and Ambitious Targets - KKR's total AUM saw a five-year (2018-2023) CAGR of 23.2%, with the trend continuing in the first nine months of 2024 [6] - KKR aims to reach at least $1 trillion in AUM in five years by scaling its core businesses [7] - The company expects to raise more than $300 billion of capital by 2026 across 30 investment solutions and three flagship strategies [11] - KKR projects fee-related earnings per share to be more than $4.50 (implying a 2023-2026 CAGR of 20%) and total operating earnings to exceed $7 per share [12] - Adjusted net income per share is anticipated to be $7-$8 (implying a 2023-2026 CAGR of 30%) [12] Liquidity and Shareholder Rewards - As of Sept. 30, KKR had an outstanding debt of $8.8 million, lower than the cash and investments of $16.3 million, indicating a solid liquidity position [8] - KKR hiked its dividend 6% to 18 cents per share in March 2024 and has raised dividends five times in the last five years with an annualized growth rate of 7.1% [9] - The company has a share repurchase plan in place, with approximately $69 million of authorization remaining under the program as of October 2024 [10] Price Performance and Industry Comparison - KKR shares have skyrocketed 86.3% in the past year compared with the industry's rise of 42.2% [13] - The company currently carries a Zacks Rank 2 (Buy) [15] Other Key Picks in Asset Management - Victory Capital Holdings, Inc. (VCTR) sports a Zacks Rank 1 (Strong Buy) and its shares have gained 20.2% in the past three months [17] - Federated Hermes Inc. (FHI) carries a Zacks Rank 2 and its shares have rallied 14.5% in the past three months [18]

Core Insights - KKR has demonstrated significant growth in total assets under management (AUM), with a five-year compound annual growth rate (CAGR) of 23.2% from 2018 to 2023, continuing into the first nine months of 2024 [2] - The company aims to reach at least $1 trillion in AUM within five years, supported by its plans to raise over $300 billion of capital by 2026 across various investment strategies [13][14] - KKR's stock has performed exceptionally well, increasing by 83.6% over the past year, outperforming its industry and peers [8] AUM Growth - KKR's AUM growth is attributed to ongoing improvements and additions to its investment strategies [2] - The company expects to tap into an $11 trillion market opportunity in private wealth by 2027 [14] Financial Projections - KKR projects fee-related earnings per share to exceed $4.50, indicating a CAGR of 20% from 2023 to 2026 [15] - Total operating earnings are anticipated to surpass $7 per share, with adjusted net income per share expected to be between $7 and $8, reflecting a CAGR of 30% [16] Balance Sheet and Liquidity - As of September 30, KKR had outstanding debt of $8.8 million, which is lower than its cash and investments totaling $16.3 million, indicating a strong liquidity position [17] - The company holds an 'A' rating from S&P and Fitch, suggesting a low likelihood of default on debt repayments [17] Shareholder Returns - KKR increased its dividend by 6% to 18 cents per share in March 2024, marking the fifth increase in five years with an annualized growth rate of 7.1% [18] - The company has a share repurchase program, with approximately $69 million remaining under the authorization as of October 2024 [19] Analyst Sentiment - Earnings estimates for KKR for 2024 and 2025 have been revised upward, indicating bullish sentiment among analysts [20] - The Zacks Consensus Estimate for KKR's 2024 earnings suggests a year-over-year growth of 37.7%, while 2025 earnings are expected to rise by 30% [23] Valuation Concerns - KKR's stock is currently trading at a forward 12-month price/earnings (P/E) ratio of 24.96, which is above the industry average of 18.57, indicating a potentially stretched valuation [25] - The stock is also trading at a premium compared to peers Apollo Global Management and Janus Henderson Group [25]

Core Viewpoint - KKR & Co. Inc. has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2][4]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3][5]. - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to significant price movements based on their buying or selling actions [3]. Recent Performance of KKR & Co. - For the fiscal year ending December 2024, KKR is expected to earn $4.72 per share, reflecting a 38% increase from the previous year [7]. - Over the past three months, the Zacks Consensus Estimate for KKR has risen by 4.3%, indicating a positive trend in earnings estimates [7]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [6][8]. - KKR's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

Core Insights - JR Research is recognized as a top analyst in technology, software, and internet sectors, focusing on growth and GARP strategies [1] - The investment approach emphasizes identifying attractive risk/reward opportunities with strong price action to generate alpha above the S&P 500 [1][2] - The investment group Ultimate Growth Investing specializes in high-potential opportunities across various sectors, targeting stocks with robust fundamentals and turnaround potential [3] Investment Strategy - The focus is on growth investing opportunities that offer significant upside potential while avoiding overhyped and overvalued stocks [2] - The strategy combines price action analysis with fundamental investing to capitalize on beaten-down stocks with recovery potential [2] - The investment outlook typically spans 18 to 24 months for the thesis to materialize [3] Target Audience - The investing group is designed for investors looking to capitalize on growth stocks with strong fundamentals, buying momentum, and attractive valuations [3]

Core Insights - The article emphasizes the importance of dividend investing as a pathway to financial freedom, highlighting its accessibility and potential for steady income [1]. Group 1: Investment Philosophy - The company combines financial expertise with value investing principles to create a strong financial foundation through dividend investing [1]. - The focus on dividend investing is presented as a straightforward method for individuals to work towards long-term wealth accumulation [1]. Group 2: Professional Background - The company has extensive experience in mergers and acquisitions (M&A) and business valuation, having evaluated numerous businesses and participated in both sell-side and buy-side transactions [1]. - Daily activities include financial modeling, conducting commercial and financial due diligence, negotiating deal terms, and engaging in numerous meetings [1]. Group 3: Sector Focus - The investment focus spans various sectors, including technology, real estate, software, finance, and consumer staples, which are also reflected in the company's personal investment portfolio [1].

Group 1 - FS KKR Capital (NYSE: FSK) has experienced a consistent narrowing of the gap between its share price and net asset value in the second half of 2024, attributed to improvements in the BDC's balance sheet quality [1] - The focus of investment strategies includes high-risk, high-reward situations primarily in technology markets, with significant holdings in Bitcoin, Tesla, Google, Amazon, and Nvidia [1] Group 2 - The article reflects a beneficial long position in shares of FSK, ARCC, OBDC, and BXSL through various financial instruments [2]

Group 1 - The equity market serves as a significant mechanism for wealth creation or destruction over the long term through daily price fluctuations [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Investment to support newly private company's plans for product innovation and worldwide growthSALT LAKE CITY, Nov. 13, 2024 /PRNewswire/ -- Instructure Holdings, Inc. ("Instructure"), a leading learning ecosystem, today announced the close of its acquisition by investment funds managed by KKR, a leading global investment firm, and Dragoneer, a growth-oriented investor, for $23.60 per share in an all-cash transaction valued at an enterprise value of approximately $4.8 billion. With the completion of the tra ...