67,964 Shares in Kennedy-Wilson Holdings, Inc. (NYSE:KW) Purchased by Jennison Associates LLC

Jennison Associates LLC bought a new position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 67,964 shares of the financial services provider's stock, valued at approximately $751,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KW. GAMMA Investing LLC lifted its stake in Kennedy-Wilson by 229.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider's stock worth $28,000 after acquiring an additional 2,029 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Kennedy-Wilson by 68.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,346 shares in the last quarter. Quarry LP acquired a new stake in shares of Kennedy-Wilson during the second quarter worth approximately $45,000. KBC Group NV grew its position in Kennedy-Wilson by 53.1% during the third quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,693 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Kennedy-Wilson by 298.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider's stock valued at $57,000 after buying an additional 4,320 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on KW shares. StockNews.com downgraded Kennedy-Wilson from a "hold" rating to a "sell" rating in a research note on Monday, September 2nd. JPMorgan Chase & Co. boosted their target price on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, August 8th.

Kennedy-Wilson Stock Up 0.5 %

Shares of NYSE:KW traded up $0.06 on Friday, reaching $11.03. The company had a trading volume of 574,690 shares, compared to its average volume of 516,154. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The stock has a market capitalization of $1.52 billion, a P/E ratio of -4.28, a P/E/G ratio of 0.71 and a beta of 1.10. The stock has a 50-day moving average price of $11.01 and a 200 day moving average price of $10.53. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $13.27.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Tuesday, December 31st. Kennedy-Wilson's payout ratio is -18.60%.

About Kennedy-Wilson

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.