Schroder Investment Management Group lifted its stake in Kennedy-Wilson Holdings Inc (NYSE:KW) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,088,574 shares of the financial services provider’s stock after purchasing an additional 29,319 shares during the quarter. Schroder Investment Management Group owned about 0.95% of Kennedy-Wilson worth $20,247,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of KW. JPMorgan Chase & Co. raised its holdings in Kennedy-Wilson by 1,220.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 156,585 shares of the financial services provider’s stock worth $2,912,000 after acquiring an additional 144,727 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Kennedy-Wilson by 46.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 13,616 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 4,348 shares during the last quarter. Nordea Investment Management AB raised its stake in Kennedy-Wilson by 13.9% during the 3rd quarter. Nordea Investment Management AB now owns 105,924 shares of the financial services provider’s stock valued at $1,965,000 after buying an additional 12,918 shares during the last quarter. American International Group Inc. raised its stake in Kennedy-Wilson by 8.1% during the 3rd quarter. American International Group Inc. now owns 55,827 shares of the financial services provider’s stock valued at $1,036,000 after buying an additional 4,175 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Kennedy-Wilson by 4.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 248,734 shares of the financial services provider’s stock valued at $4,614,000 after buying an additional 11,723 shares during the last quarter. 66.57% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on KW shares. Deutsche Bank reiterated a “hold” rating and set a $23.00 target price on shares of Kennedy-Wilson in a research note on Monday, October 30th. BTIG Research reiterated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a research note on Tuesday, October 17th. ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, BidaskClub lowered shares of Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Kennedy-Wilson presently has an average rating of “Hold” and a consensus price target of $28.33.
Shares of Kennedy-Wilson Holdings Inc (NYSE:KW) traded down $0.30 during mid-day trading on Wednesday, hitting $19.05. 1,471,400 shares of the stock were exchanged, compared to its average volume of 800,572. Kennedy-Wilson Holdings Inc has a 12-month low of $17.95 and a 12-month high of $22.65. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market cap of $2,930.44, a P/E ratio of 46.07, a price-to-earnings-growth ratio of 6.91 and a beta of 1.37.
Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.15. Kennedy-Wilson had a net margin of 1.94% and a return on equity of 2.04%. The firm had revenue of $277.20 million during the quarter, compared to the consensus estimate of $177.89 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 59.0% compared to the same quarter last year. sell-side analysts expect that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 29th will be given a dividend of $0.19 per share. This is an increase from Kennedy-Wilson’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.99%. Kennedy-Wilson’s payout ratio is presently 523.12%.
In other news, Director Stanley R. Zax bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average price of $19.18 per share, with a total value of $959,000.00. Following the acquisition, the director now owns 300,300 shares of the company’s stock, valued at approximately $5,759,754. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 17.07% of the company’s stock.
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Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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