Goldman Sachs’ Stocks With Highest Consensus Returns: 42 Stocks With The Highest Consensus ROE

18. KKR & Co. Inc. (NYSE:KKR)

Consensus ROE: 19%

Number of Hedge Fund Investors in Q2 2024: 75

KKR & Co. Inc. (NYSE:KKR) is a global private equity company that conducts all sorts of financial operations such as buyouts, acquisitions, distressed investments, and turnarounds. It is one of the biggest firms of its kind, with total assets that sit at a whopping $317 billion. Despite a slowdown in the global private equity markets, which led to smaller peer Blackstone guiding lower realization income for Q3, KKR & Co. Inc. (NYSE:KKR)’s was a robust set of results. For Q2, the firm grew its monetization income by $35 million over the guided figures of $500. However, the figure missed analyst estimates of $660 million. The firm’s scale is playing to its advantage in today’s tight credit environment, with KKR & Co. Inc. (NYSE:KKR) managing to raise $4.6 billion for its North America mid market fund in September. The firm is also busy expanding its operating footprint, and it acquired $377 million of logistics properties earlier this year which could help it in a growing economy.

Alphyn Capital Management mentioned KKR & Co. Inc. (NYSE:KKR) in its Q3 2024 investor letter. Here is what the fund said:

“KKR continues to deliver strong performance this year. The company has reported an uptick in capital markets activity, which had previously slowed, leading to increased fees from transactions and the potential for more realizations and carried interest as M&A activity resumes.

Additionally, KKR has entered a new fundraising cycle, recently securing a $10 billion first close on its Infrastructure V fund. In recent years, KKR has strategically emphasized infrastructure, credit, and real estate, with its core flagship strategies representing only 6% of total AUM fundraising. Now, the company is refocusing efforts on raising capital for its flagship North American and Asian buyout funds, positioning itself for continued growth in earnings and carried interest moving forward.”