KKR & Co. (KKR) Management Aims to Quadruple Earnings In 10 Years

Greenhaven Road Capital, an investment management company, released its third-quarter 2024 investor letter.  A copy of the letter can be downloaded here. The Fund returned approximately +15% in the third quarter, bringing year-to-date returns to approximately +12% net. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Greenhaven Road Capital highlighted stocks like KKR & Co. Inc. (NYSE:KKR) in the third quarter 2024 investor letter. KKR & Co. Inc. (NYSE:KKR) is an equity and real estate investment firm. The one-month return of KKR & Co. Inc. (NYSE:KKR) was 10.58%, and its shares gained 130.85% of their value over the last 52 weeks. On November 13, 2024, KKR & Co. Inc. (NYSE:KKR) stock closed at $152.13 per share with a market capitalization of $140.533 billion.

Greenhaven Road Capital stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q3 2024 investor letter:

“KKR & Co. Inc. (NYSE:KKR) – We have also owned asset manager KKR for approximately five years. Over the last five years, KKR has grown AUM from $206B to $601B and perpetual capital from $19B to $250B while also expanding its focus on products for insurance companies with the acquisition of Global Atlantic. Over the past few years, KKR’s investment in distribution to high-net-worth individuals has dramatically grown their investor base. Given the progress, it is not surprising that shares are up 5X over the last five years. At their most recent investor day, KKR management laid out a path (for those who wait) to quadrupling earnings over the next ten years.”

A modern looking financial adviser sitting in front of a trading monitor, gesturing to a group of investors.

KKR & Co. Inc. (NYSE:KKR) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 75 hedge fund portfolios held KKR & Co. Inc. (NYSE:KKR) at the end of the second quarter which was 87 in the previous quarter. While we acknowledge the potential of KKR & Co. Inc. (NYSE:KKR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed KKR & Co. Inc. (NYSE:KKR) and shared Vulcan Value Partners’ views on the company. Alphyn Capital Management commented on KKR & Co. Inc.’s (NYSE:KKR) impressive performance in its Q3 2024 investor letter. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.