5 Best Stocks to Buy According to Ric Dillon’s Diamond Hill Capital

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

Dillon’s Stake Value: $733,203,000
Percentage of Ric Dillon’s 13F Portfolio: 2.78%
Number of Hedge Fund Holders: 53

KKR & Co. Inc. (NYSE: KKR) is a private equity and real estate investment business that focuses on direct and fund-of-funds investments. The company was founded in 1976 and stands third on the list of 10 best stocks to buy according to Ric Dillon’s Diamond Hill Capital. The shares of KKR & Co. Inc. (NYSE: KKR) surged 78.48% in the past 12 months. 

On August 11, Deutsche Bank analyst Brian Bedell upgraded KKR & Co. Inc. (NYSE: KKR) to “Buy” from “Hold” and raised the price target to $75, up from $69. On August 3, KKR & Co. Inc. (NYSE: KKR) declared a quarterly dividend of $0.145 per share, in line with the previous. 

Diamond Hill Capital holds more than 12.38 million shares in KKR & Co. Inc. (NYSE: KKR), worth over $733 million, representing 2.78% of their investment portfolio. There were 53 hedge funds in our database that held stakes in KKR & Co. Inc. (NYSE: KKR) at the end of the second quarter, compared to 56 funds in the second quarter of 2021. 

Vulcan Value Partners, in its second-quarter 2021 investor letter, mentioned KKR & Co. Inc. (NYSE: KKR). Here is what the fund said: 

“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 enjoy nice tailwinds of increasing allocations to private and alternative investments. We are pleased to continue to own KKR & Co.”