JPMorgan Chase & Co. Grows Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

JPMorgan Chase & Co. grew its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 31.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 389,018 shares of the financial services provider's stock after purchasing an additional 92,736 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.28% of Kennedy-Wilson worth $3,886,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KW. Smartleaf Asset Management LLC boosted its holdings in Kennedy-Wilson by 181.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 3,755 shares during the period. KBC Group NV increased its stake in shares of Kennedy-Wilson by 56.3% in the fourth quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock worth $76,000 after buying an additional 2,748 shares during the period. Cibc World Markets Corp bought a new stake in Kennedy-Wilson during the 4th quarter valued at $106,000. Fox Run Management L.L.C. purchased a new stake in Kennedy-Wilson during the 4th quarter valued at $134,000. Finally, Los Angeles Capital Management LLC grew its holdings in Kennedy-Wilson by 39.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider's stock worth $146,000 after acquiring an additional 4,124 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They set a "hold" rating and a $9.00 price objective for the company.

Insider Activity

In other news, Director Stanley R. Zax acquired 41,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the acquisition, the director now owns 547,400 shares in the company, valued at $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the sale, the director now directly owns 98,318 shares in the company, valued at $847,501.16. This trade represents a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.73% of the company's stock.

Kennedy-Wilson Trading Up 0.1 %

Shares of Kennedy-Wilson stock traded up $0.01 during midday trading on Thursday, reaching $6.45. 398,849 shares of the company's stock traded hands, compared to its average volume of 695,284. The stock has a 50 day moving average of $8.31 and a 200-day moving average of $9.62. Kennedy-Wilson Holdings, Inc. has a 12 month low of $6.28 and a 12 month high of $11.88. The company has a market cap of $889.46 million, a PE ratio of -2.50, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were given a $0.12 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 7.45%. Kennedy-Wilson's dividend payout ratio is -85.71%.

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.