Creative Planning Acquires 60,571 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Creative Planning grew its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 103.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,218 shares of the financial services provider's stock after buying an additional 60,571 shares during the quarter. Creative Planning owned approximately 0.09% of Kennedy-Wilson worth $1,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Elkhorn Partners Limited Partnership grew its stake in Kennedy-Wilson by 2.9% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider's stock valued at $37,226,000 after buying an additional 121,223 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Kennedy-Wilson by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider's stock valued at $13,004,000 after buying an additional 104,577 shares during the last quarter. ProShare Advisors LLC grew its stake in Kennedy-Wilson by 31.1% in the 1st quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider's stock valued at $7,448,000 after buying an additional 205,890 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Kennedy-Wilson by 1,238.7% in the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider's stock valued at $6,047,000 after buying an additional 652,116 shares during the last quarter. Finally, Old West Investment Management LLC grew its stake in Kennedy-Wilson by 7.9% in the 2nd quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider's stock valued at $6,732,000 after buying an additional 50,474 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KW. JPMorgan Chase & Co. increased their target price on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, August 8th. StockNews.com downgraded shares of Kennedy-Wilson from a "hold" rating to a "sell" rating in a research note on Monday, September 2nd.

Kennedy-Wilson Trading Down 0.4 %

Shares of KW stock traded down $0.04 during trading hours on Thursday, hitting $10.58. 447,326 shares of the company's stock traded hands, compared to its average volume of 995,486. The stock's 50 day simple moving average is $10.79 and its 200 day simple moving average is $9.97. The stock has a market cap of $1.46 billion, a PE ratio of -5.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $14.50. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.67.

Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.12. The company had revenue of $132.00 million during the quarter, compared to analysts' expectations of $100.66 million. Kennedy-Wilson had a negative net margin of 59.78% and a negative return on equity of 13.90%. Kennedy-Wilson's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. On average, sell-side analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 2.88 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Monday, September 30th. Kennedy-Wilson's dividend payout ratio (DPR) is -24.37%.

Kennedy-Wilson 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.