Insider Selling: Kennedy-Wilson Holdings, Inc. (NYSE:KW) Director Sells 30,000 Shares of Stock

Kennedy-Wilson Holdings, Inc. (NYSE:KW - Get Free Report) Director Cathy Hendrickson sold 30,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the transaction, the director now directly owns 98,318 shares of the company's stock, valued at approximately $847,501.16. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Kennedy-Wilson Price Performance

Kennedy-Wilson stock traded down $0.06 during midday trading on Tuesday, hitting $8.62. The company's stock had a trading volume of 755,770 shares, compared to its average volume of 696,471. 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's 50-day moving average price is $9.14 and its 200-day moving average price is $10.29. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.90 and a 12 month high of $11.88. The company has a market capitalization of $1.19 billion, a PE ratio of -3.34, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 31st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Monday, March 31st. Kennedy-Wilson's dividend payout ratio (DPR) is presently -85.71%.

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Institutional Trading of Kennedy-Wilson

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atria Investments Inc acquired a new stake in Kennedy-Wilson during the 3rd quarter worth about $735,000. State of New Jersey Common Pension Fund D purchased a new position in Kennedy-Wilson during the 3rd quarter valued at about $1,996,000. Harbor Capital Advisors Inc. grew its stake in Kennedy-Wilson by 22.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider's stock valued at $7,503,000 after acquiring an additional 135,559 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Kennedy-Wilson by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider's stock valued at $21,142,000 after acquiring an additional 53,185 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Kennedy-Wilson by 183.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider's stock valued at $3,274,000 after acquiring an additional 191,790 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KW shares. 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 on the stock. StockNews.com upgraded shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a research note on Friday, December 6th.

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.