In this article, we discuss 5 stocks to buy according to William Dollens’ Global Frontier Investments. If you want our detailed analysis of William Dollens’ history, investment philosophy, and hedge fund performance, go directly to 10 Stocks To Buy According To William Dollens’ Global Frontier Investments.
5. KKR & Co. Inc. (NYSE:KKR)
Global Frontier Investments’ Stake Value: $6,088,000
Percentage of Global Frontier Investments’ 13F Portfolio: 4.44%
Number of Hedge Fund Holders: 56
William Dollens’ Global Frontier Investments, as of the end of September this year, owns 100,000 shares in KKR & Co. Inc. (NYSE:KKR), worth $6.08 million, representing 4.44% of the firm’s Q3 investment portfolio. KKR & Co. Inc. (NYSE:KKR) is a global investment company dealing in private equity, real estate, credit, energy, and infrastructure via partnerships with hedge funds. KKR & Co. Inc. (NYSE:KKR) is one of the top stocks in William Dollens’ portfolio for the third quarter.
KKR & Co. Inc. (NYSE:KKR)’s Q3 EPS came in at $1.05, beating estimates by $0.10 on November 2. Revenue for the quarter also exceeded expectations by $108.92 million at $818.58 million.
At the end of the third quarter, 56 out of the 867 hedge funds tracked by Insider Monkey were bullish on KKR & Co. Inc. (NYSE:KKR), up from 54 in Q2.
Deutsche Bank analyst Brian Bedell on November 3 raised the price target from $75 to $87, and kept a Buy rating on KKR & Co. Inc. (NYSE:KKR), owing to strong Q3 results.
“KKR & Co. Inc. was also a material contributor during the quarter. This company has deep and growing relationships with capital providers. The company has a stable management fee stream and a proven ability to convert investor capital into a performance fee stream. These attributes contribute to its stable and growing intrinsic values. In addition, the company enjoys nice tailwinds of increasing allocations to private and alternative investments. We are pleased to continue to own KKR & Co.”