Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,115,960 shares of the financial services provider's stock after selling 149,967 shares during the period. Bank of New York Mellon Corp owned 0.81% of Kennedy-Wilson worth $11,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Capital Group California Inc. lifted its stake in Kennedy-Wilson by 12.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 19,466 shares of the financial services provider's stock worth $194,000 after acquiring an additional 2,206 shares during the period. Alberta Investment Management Corp lifted its position in shares of Kennedy-Wilson by 17.5% in the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock worth $26,477,000 after purchasing an additional 395,000 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Kennedy-Wilson by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 572,853 shares of the financial services provider's stock valued at $5,723,000 after purchasing an additional 16,090 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Kennedy-Wilson by 5.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 189,798 shares of the financial services provider's stock valued at $1,896,000 after buying an additional 9,144 shares during the period. Finally, Van ECK Associates Corp raised its stake in Kennedy-Wilson by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 21,537 shares of the financial services provider's stock worth $215,000 after buying an additional 1,995 shares in the last quarter. Institutional investors own 87.72% of the company's stock.

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Kennedy-Wilson Stock Performance

Shares of KW traded up $0.03 during mid-day trading on Monday, reaching $8.68. The company had a trading volume of 866,660 shares, compared to its average volume of 696,343. The stock has a 50 day moving average of $9.16 and a two-hundred day moving average of $10.30. 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 $1.20 billion, a P/E ratio of -3.36, a PEG ratio of 0.54 and a beta of 1.14. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.90 and a 52-week high of $11.88.

Kennedy-Wilson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 5.53%. Kennedy-Wilson's dividend payout ratio is presently -85.71%.

Wall Street Analysts Forecast Growth

KW has been the topic of several analyst reports. StockNews.com upgraded Kennedy-Wilson from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a "hold" rating and a $9.00 target price for the company.

Insider Activity at Kennedy-Wilson

In other news, Director Cathy Hendrickson sold 30,000 shares of the company'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 completion of the sale, the director now owns 98,318 shares of the company's stock, valued at $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.73% of the stock is owned by company insiders.

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.