Thompson Siegel & Walmsley LLC Trims Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Thompson Siegel & Walmsley LLC lessened its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 66.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,547 shares of the financial services provider's stock after selling 398,570 shares during the period. Thompson Siegel & Walmsley LLC owned 0.14% of Kennedy-Wilson worth $2,183,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Kennedy-Wilson by 229.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 2,029 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Kennedy-Wilson by 68.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider's stock worth $32,000 after acquiring an additional 1,346 shares in the last quarter. Quarry LP purchased a new position in Kennedy-Wilson during the second quarter valued at $45,000. KBC Group NV grew its position in Kennedy-Wilson by 53.1% during the 3rd quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,693 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Kennedy-Wilson by 298.1% during the second quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider's stock valued at $57,000 after buying an additional 4,320 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Trading Up 0.5 %

Shares of KW traded up $0.06 during mid-day trading on Friday, reaching $11.03. 574,690 shares of the company's stock traded hands, compared to its average volume of 516,154. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $13.27. 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 stock has a market cap of $1.52 billion, a P/E ratio of -4.27, a P/E/G ratio of 0.71 and a beta of 1.10. The stock's 50-day moving average is $11.01 and its two-hundred day moving average is $10.52.

Kennedy-Wilson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Tuesday, December 31st. Kennedy-Wilson's dividend payout ratio (DPR) is presently -18.60%.

Wall Street Analyst Weigh In

KW has been the subject of several research reports. StockNews.com cut shares of Kennedy-Wilson from a "hold" rating to a "sell" rating in a report on Monday, September 2nd. JPMorgan Chase & Co. raised their price target on Kennedy-Wilson from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, August 8th.

Kennedy-Wilson Company Profile

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.