Proficio Capital Partners LLC acquired a new position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 37,013 shares of the financial services provider's stock, valued at approximately $370,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Kennedy-Wilson by 181.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 3,755 shares in the last quarter. KBC Group NV lifted its stake in Kennedy-Wilson by 56.3% in the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock valued at $76,000 after buying an additional 2,748 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Kennedy-Wilson by 13.3% during the 3rd quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider's stock valued at $159,000 after buying an additional 1,686 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Kennedy-Wilson by 39.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider's stock worth $146,000 after buying an additional 4,124 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Kennedy-Wilson by 7.9% in the third quarter. FMR LLC now owns 16,198 shares of the financial services provider's stock worth $179,000 after acquiring an additional 1,182 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
KW has been the subject of a number of recent research reports. StockNews.com upgraded Kennedy-Wilson from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They issued a "hold" rating and a $9.00 price objective for the company.
View Our Latest Research Report on KW
Kennedy-Wilson Trading Down 1.8 %
Shares of NYSE:KW traded down $0.15 during midday trading on Friday, reaching $8.59. The company's stock had a trading volume of 933,303 shares, compared to its average volume of 707,958. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -3.33, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The business has a 50 day moving average price of $9.08 and a 200 day moving average price of $10.15. Kennedy-Wilson Holdings, Inc. has a 1 year low of $8.02 and a 1 year 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 Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be given a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 5.59%. Kennedy-Wilson's dividend payout ratio is presently -85.71%.
Insider Activity at Kennedy-Wilson
In other news, Director Cathy Hendrickson sold 30,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the transaction, the director now directly owns 98,318 shares in the company, valued at $847,501.16. This trade represents a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stanley R. Zax bought 41,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $8.56 per share, with a total value of $350,960.00. Following the acquisition, the director now directly owns 547,400 shares in the company, valued at approximately $4,685,744. This trade represents a 8.10 % increase in their position. The disclosure for this purchase can be found here. 22.73% of the stock is owned by insiders.
Kennedy-Wilson Company Profile
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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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