Jim Cramer Discussed These 18 Stocks As Inflation Dropped

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

Number of Hedge Fund Holders In Q3 2024: 66

KKR & Co. Inc. (NYSE:KKR) is a New York-based asset management firm that has a global presence and invests in a wide variety of industries. The firm’s shares performed well in 2024 and gained 80.9% during the year. The strong share price performance came on the back of stellar earnings results and dividend hikes. Not only did KKR & Co. Inc. (NYSE:KKR) increase its dividend by 6% to 18 cents in March, but the firm’s third-quarter earnings also saw its net income jump by 58% to $1.2 billion while its fee earnings soared by 79% to $1 billion. Cramer’s remarks for KKR & Co. Inc. (NYSE:KKR) surrounded a recent DOJ lawsuit against the firm for allegedly evading antitrust scrutiny:

“These people, you know the classic one just this morning, I mean just the way the Biden Administration is going out, and it speaks to exactly what we’re talking about. KKR faces six hundred and fifty million dollar Department of Justice lawsuit over allegations of improper pre-merger filings. David, you’ve worked, you’ve followed KKR for years. This makes them sound like they were a bucket shop!”

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