ExodusPoint Capital Management LP reduced its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 81.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,895 shares of the financial services provider's stock after selling 182,433 shares during the quarter. ExodusPoint Capital Management LP's holdings in Kennedy-Wilson were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. Royce & Associates LP raised its position in shares of Kennedy-Wilson by 3.6% in the 4th quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider's stock worth $92,903,000 after buying an additional 325,737 shares during the period. Geode Capital Management LLC raised its holdings in shares of Kennedy-Wilson by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,859,103 shares of the financial services provider's stock worth $31,599,000 after purchasing an additional 20,500 shares during the period. Alberta Investment Management Corp lifted its stake 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 valued at $26,477,000 after purchasing an additional 395,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Kennedy-Wilson by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider's stock valued at $19,756,000 after buying an additional 64,352 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in Kennedy-Wilson by 22.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider's stock valued at $7,503,000 after buying an additional 135,559 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
Kennedy-Wilson Trading Down 0.7 %
KW opened at $6.69 on Friday. The firm's 50 day moving average is $8.68 and its 200-day moving average is $9.86. The firm has a market capitalization of $923.69 million, a P/E ratio of -2.59, a P/E/G ratio of 0.54 and a beta of 0.98. Kennedy-Wilson Holdings, Inc. has a 52-week low of $6.34 and a 52-week high of $11.88. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.
Kennedy-Wilson Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 7.17%. Kennedy-Wilson's dividend payout ratio is presently -85.71%.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They issued a "hold" rating and a $9.00 target price on the stock.
Read Our Latest Stock Analysis on KW
Insider Transactions at Kennedy-Wilson
In other news, Director Stanley R. Zax purchased 41,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the purchase, the director now owns 547,400 shares of the company's stock, valued at approximately $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cathy Hendrickson sold 30,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the sale, the director now owns 98,318 shares in the company, valued at $847,501.16. The trade was a 23.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.73% of the company's stock.
Kennedy-Wilson Profile
(
Free Report)
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.
Further Reading
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