Charles Schwab Investment Management Inc. Increases Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,977,623 shares of the financial services provider's stock after acquiring an additional 64,352 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.44% of Kennedy-Wilson worth $19,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KW. KBC Group NV increased its position in shares of Kennedy-Wilson by 53.1% during the third quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock worth $54,000 after acquiring an additional 1,693 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Kennedy-Wilson during the third quarter worth about $751,000. Intech Investment Management LLC bought a new stake in shares of Kennedy-Wilson during the third quarter worth about $245,000. Cerity Partners LLC increased its position in shares of Kennedy-Wilson by 90.3% during the third quarter. Cerity Partners LLC now owns 79,998 shares of the financial services provider's stock worth $884,000 after acquiring an additional 37,963 shares in the last quarter. Finally, FMR LLC boosted its holdings in Kennedy-Wilson by 7.9% during the third quarter. FMR LLC now owns 16,198 shares of the financial services provider's stock worth $179,000 after purchasing an additional 1,182 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

KW has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kennedy-Wilson in a report on Monday, February 24th. They set a "hold" rating and a $9.00 price target on the stock. StockNews.com upgraded shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Friday, December 6th.

Kennedy-Wilson Stock Down 1.0 %

Kennedy-Wilson stock traded down $0.09 during midday trading on Friday, hitting $8.83. 1,869,722 shares of the stock were exchanged, compared to its average volume of 687,634. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $11.88. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -3.42, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The business's 50-day moving average price is $9.10 and its 200-day moving average price is $10.23. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 31st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Monday, March 31st. Kennedy-Wilson's payout ratio is -85.71%.

Insider Buying and Selling at Kennedy-Wilson

In other Kennedy-Wilson news, Director Cathy Hendrickson sold 30,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the transaction, the director now directly owns 98,318 shares in the company, valued at $847,501.16. The trade was a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stanley R. Zax bought 41,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the purchase, the director now owns 547,400 shares of the company's stock, valued at approximately $4,685,744. The trade was a 8.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 22.73% of the company's stock.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.