Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- KKR & Co Inc (NYSE:KKR) reported Q1 2023 revenues of $3.13 billion, higher than $999.4 million a year ago.
- The company reported after-tax adjusted distributable EPS of $0.81, down 26% Y/Y, which beat the consensus of $0.74.
- Asset management segment revenues of $1.28 billion beat the consensus of $1.22 billion.
- In Insurance segment, net investment income rose to $1.27 billion from $862.4 million in prior year, led by a rise in invested assets from new business growth and increased yields.
- Fee Related Earnings declined 9% Y/Y to $549 million in the quarter due to lower capital markets revenues on reduced issuance levels in global equity and leveraged loan markets.
- Assets under management rose 6% Y/Y to $510 billion, with organic new capital of $12 billion raised in Q1 2023.
- Book value per adjusted shares fell 4% Y/Y to $27.65 in the quarter.
- Dividend: KKR declared a dividend per share of $0.165, payable on June 6, 2023, to shareholders of record as on May 22, 2023.
- "Over the last 12 months, 95% of the new capital entrusted to us has been outside of our traditional private equity funds reflecting our continued diversification. In our experience, volatility creates opportunity — with over $100 billion of dry powder ready to deploy on behalf of our clients globally, we remain very well positioned,” said Joseph Y. Bae and Scott C. Nuttall, Co-Chief Executive Officers.
- Also read: KKR Buys Liquid Cooling Solutions Provider CoolIT Systems For Undisclosed Sum
- Price Action: KKR shares are trading lower by 1.82% at $50.57 on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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