BNP Paribas Financial Markets Has $7.59 Million Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

BNP Paribas Financial Markets lessened its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 24.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 686,885 shares of the financial services provider's stock after selling 227,052 shares during the period. BNP Paribas Financial Markets owned about 0.50% of Kennedy-Wilson worth $7,590,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Royce & Associates LP grew its holdings in shares of Kennedy-Wilson by 6.5% during the third quarter. Royce & Associates LP now owns 8,973,874 shares of the financial services provider's stock worth $99,161,000 after purchasing an additional 544,495 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Kennedy-Wilson by 225.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider's stock valued at $6,801,000 after acquiring an additional 426,495 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Kennedy-Wilson by 156.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider's stock worth $3,113,000 after acquiring an additional 195,300 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Kennedy-Wilson during the third quarter worth approximately $1,996,000. Finally, Marshall Wace LLP bought a new stake in shares of Kennedy-Wilson during the second quarter valued at approximately $1,721,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th. StockNews.com lowered shares of Kennedy-Wilson from a "hold" rating to a "sell" rating in a research note on Monday, September 2nd.

Kennedy-Wilson Price Performance

Shares of NYSE KW traded down $0.27 during mid-day trading on Tuesday, reaching $11.32. 106,897 shares of the company were exchanged, compared to its average volume of 916,638. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. The company's 50-day simple moving average is $11.05 and its 200-day simple moving average is $10.59. 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.24%. Kennedy-Wilson's dividend payout ratio is currently -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.