Norges Bank bought a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 168,300 shares of the financial services provider's stock, valued at approximately $1,681,000. Norges Bank owned about 0.12% of Kennedy-Wilson at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Royce & Associates LP boosted its holdings in shares of Kennedy-Wilson by 3.6% in the fourth 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 lifted its position 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 valued at $31,599,000 after acquiring an additional 20,500 shares in the last quarter. Alberta Investment Management Corp grew its position in Kennedy-Wilson by 17.5% during 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 in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kennedy-Wilson by 3.4% during the 4th 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 purchasing an additional 64,352 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Kennedy-Wilson by 22.0% in 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 purchasing an additional 135,559 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a "hold" rating and a $9.00 price objective for the company.
View Our Latest Stock Report on KW
Kennedy-Wilson Stock Down 0.7 %
Shares of NYSE:KW traded down $0.05 during trading on Tuesday, reaching $6.75. 633,853 shares of the company traded hands, compared to its average volume of 706,874. The firm has a fifty day simple moving average of $8.64 and a 200 day simple moving average of $9.82. 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 Holdings, Inc. has a 1-year low of $6.34 and a 1-year high of $11.88. The firm has a market cap of $930.86 million, a P/E ratio of -2.61, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98.
Kennedy-Wilson Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 31st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend was Monday, March 31st. Kennedy-Wilson's dividend payout ratio is presently -85.71%.
Insiders Place Their Bets
In other news, Director Stanley R. Zax purchased 41,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was bought at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the acquisition, the director now directly owns 547,400 shares of the company's stock, valued at approximately $4,685,744. The trade was a 8.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the sale, the director now directly owns 98,318 shares in the company, valued at approximately $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.
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