Henrik Sorensen FS KKR Capital Corp. (NYSE:FSK) reported a higher-than-anticipated increase in the non-accrual ratio in the December quarter, leading me to modify my stock classification from Buy to Hold. In the quarter ending March 31, 2024, FS KKR Capital benefited from a QoQ improvement in the non-accrual ratio, meaning its credit quality improved, but the BDC continues to have a narrow margin of dividend safety. FS KKR Capital, however, profited from growing demand for loans in 1Q24 and the stock is ...

The popular S&P Dow Jones Indices are set to get the customary new look this month. Every year, on the third Friday of June, the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices undergo a rebalance. The shake-up leads to strong gains for the stocks joining the indices.Thus, ETFs targeting the S&P Dow Jones Indices are currently in focus. These include SPDR S&P 500 ETF Trust (SPY) , iShares Core S&P 500 ETF (IVV) , Vanguard S&P 500 ETF (VOO) , iShares Core S&P Mid-Cap ETF (IJH) and iShares Core S&P Small ...

Shares of KKR & Co. Inc. (KKR) , CrowdStrike Holdings, Inc. (CRWD) and GoDaddy Inc. (GDDY) gained 7.7%, 5.4% and 3.7%, respectively, in the after-market trading on Friday after the S&P Dow Jones Indices said that the firms would join the S&P 500 index.In a press release, S&P Dow Jones Indices said that as part of the quarterly rebalancing, KKR, CRWD and GDDY will replace Robert Half Inc., Comerica and Illumina Inc. in the S&P 500 index prior to the start of trading on Jun 24.In the last few years, the priva ...

KKR (NYSE:KKR) stock is up on Monday as investors prepare for the company to be added to the S&P 500 later this month.The S&P 500 is set to undergo its quarterly rebalance on June 21. When that happens, several stocks will be replaced on the index by new stocks. This will see them join the index before markets open on June 24.KKR won’t be alone when it joins the S&P 500. It will do so alongside GoDaddy (NYSE:GDDY) and CrowdStrike (NASDAQ:CRWD) shares. This will see them replace Robert Half (NYSE:RHI), Comer ...

Key Takeaways KKR, CrowdStrike, and GoDaddy will be added to the S&P 500 before the start of trading June 24. They will replace Robert Half, Comerica, and Illumina in the index. Shortly after being included in the last quarterly S&P 500 rebalancing, shares of Super Micro Computer, or Supermicro, jumped to a record high. Shares of private equity firm KKR (KKR), cybersecurity company CrowdStrike Holdings (CRWD), and domain registrar GoDaddy (GDDY) advanced Monday on word they would be added to the S&P 500. S& ...

The private-equity giant continues to grow briskly.Shares of KKR (KKR -1.51%) jumped 10.5% in May, according to data provided by S&P Global Market Intelligence. The private equity giant had a busy month, reporting its first-quarter results and securing several new strategic partnerships. A busy month for KKRKKR reported strong first-quarter results in early May. The private equity giant delivered 20%+ growth in its fee-related earnings, total operating earnings, and adjusted net income. It also grew its ass ...

NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more rep ...

KKR & Co. Inc. (KKR) is looking to enter the private credit market in Japan to offer an alternative to bank loans. This will strengthen its foothold in Japan.The CEO of KKR Japan revealed this in an interview with Bloomberg. He said, “It will be a medium to long-term initiative. I think it is very important in Japan that we do it ourselves.”The $1.7 trillion global private credit industry has witnessed significant growth in the United States and Europe by targeting companies with high credit risk and privat ...

KKR & Co. Inc. (KKR) has entered into a strategic partnership with Capital Group to augment alternative investment solutions for client portfolios. This move aims to make hybrid public-private market investment solutions available to investors across asset classes, channels and geographies.The first two strategies are anticipated to be launched in the United States next year, incorporating public-private fixed-income offerings designed for finance professionals as well as for their clients. While the altern ...

LOS ANGELES and NEW YORK, May 23, 2024 /PRNewswire/ -- Leading global investment firms, Capital Group and KKR, today announced an exclusive, strategic partnership to bring new ways for investors to incorporate alternative investments into their portfolios. Capital Group and KKR intend to make hybrid public-private markets investment solutions available to investors across multiple asset classes, geographies and channels. The first two strategies will be public-private fixed income offerings designed for fin ...