Millennium Management LLC Decreases Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Millennium Management LLC trimmed its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 63.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,102 shares of the financial services provider's stock after selling 538,898 shares during the quarter. Millennium Management LLC owned 0.23% of Kennedy-Wilson worth $3,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in KW. SteelPeak Wealth LLC purchased a new position in shares of Kennedy-Wilson in the first quarter worth $208,000. BNP Paribas Financial Markets boosted its holdings in Kennedy-Wilson by 1,238.7% in the first quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider's stock valued at $6,047,000 after acquiring an additional 652,116 shares in the last quarter. Capstone Investment Advisors LLC boosted its holdings in Kennedy-Wilson by 132.9% in the first quarter. Capstone Investment Advisors LLC now owns 52,346 shares of the financial services provider's stock valued at $449,000 after acquiring an additional 29,873 shares in the last quarter. Easterly Investment Partners LLC bought a new stake in Kennedy-Wilson in the first quarter valued at $5,007,000. Finally, Texas Permanent School Fund Corp boosted its holdings in Kennedy-Wilson by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 103,185 shares of the financial services provider's stock valued at $885,000 after acquiring an additional 1,309 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KW shares. 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. boosted their target price on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, August 8th.

Kennedy-Wilson Stock Up 0.6 %

Shares of KW stock traded up $0.06 during mid-day trading on Tuesday, reaching $10.75. 491,238 shares of the company's stock traded hands, compared to its average volume of 986,597. The company has a market cap of $1.48 billion, a P/E ratio of -5.46, a P/E/G ratio of 0.65 and a beta of 1.10. The company's 50-day moving average price is $10.84 and its 200-day moving average price is $10.05. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $14.13. 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 announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.55) by $0.12. The company had revenue of $132.00 million for 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 was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. On average, equities analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 30th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Monday, September 30th. Kennedy-Wilson's payout ratio is -24.37%.

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.