JPMorgan Chase & Co. Acquires 191,790 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

JPMorgan Chase & Co. lifted its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 183.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 296,282 shares of the financial services provider's stock after acquiring an additional 191,790 shares during the quarter. JPMorgan Chase & Co. owned about 0.22% of Kennedy-Wilson worth $3,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KW. Quarry LP bought a new stake in Kennedy-Wilson during the second quarter worth approximately $45,000. KBC Group NV boosted its holdings 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 worth $54,000 after buying an additional 1,693 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Kennedy-Wilson by 102.7% during the third quarter. GAMMA Investing LLC now owns 5,908 shares of the financial services provider's stock worth $65,000 after buying an additional 2,994 shares in the last quarter. Algert Global LLC bought a new stake in Kennedy-Wilson during the second quarter worth approximately $109,000. Finally, Los Angeles Capital Management LLC bought a new stake in Kennedy-Wilson during the third quarter worth approximately $116,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Kennedy-Wilson Trading Up 3.0 %

Kennedy-Wilson stock traded up $0.27 during midday trading on Monday, reaching $9.21. The stock had a trading volume of 495,947 shares, compared to its average volume of 561,194. The firm's fifty day simple moving average is $10.48 and its two-hundred day simple moving average is $10.65. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $11.88. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -3.57, a PEG ratio of 0.54 and a beta of 1.14.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st were given a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 5.21%. Kennedy-Wilson's payout ratio is -18.60%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a report 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.