Raymond James Financial Inc. purchased a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 280,402 shares of the financial services provider's stock, valued at approximately $2,801,000. Raymond James Financial Inc. owned about 0.20% of Kennedy-Wilson as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in shares of Kennedy-Wilson by 181.6% in the 4th 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 during the period. KBC Group NV lifted its stake in Kennedy-Wilson by 56.3% in the fourth 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 during the last quarter. Quantinno Capital Management LP lifted its stake in Kennedy-Wilson by 13.3% in the third 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 boosted its holdings in shares of Kennedy-Wilson by 39.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider's stock valued at $146,000 after acquiring an additional 4,124 shares during the period. Finally, FMR LLC grew its position in shares of Kennedy-Wilson by 7.9% during 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. Institutional investors and hedge funds own 87.72% of the company's stock.
Kennedy-Wilson Stock Performance
Shares of Kennedy-Wilson stock traded up $0.11 during trading hours on Wednesday, hitting $8.65. 421,531 shares of the company were exchanged, compared to its average volume of 703,359. The business has a 50-day moving average of $9.05 and a 200-day moving average of $10.10. Kennedy-Wilson Holdings, Inc. has a 1 year low of $8.02 and a 1 year high of $11.88. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -3.35, a P/E/G ratio of 0.54 and a beta of 1.14.
Kennedy-Wilson Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Monday, March 31st. Kennedy-Wilson's dividend payout ratio (DPR) is presently -85.71%.
Insider Activity
In related news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the sale, the director now directly owns 98,318 shares in the company, valued at $847,501.16. The trade was a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley R. Zax acquired 41,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $8.56 per share, with a total value of $350,960.00. Following the transaction, the director now directly owns 547,400 shares of the company's stock, valued at $4,685,744. This represents a 8.10 % increase in their position. The disclosure for this purchase can be found here. Insiders own 22.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on KW. Deutsche Bank Aktiengesellschaft began coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They set a "hold" rating and a $9.00 price target for the company. StockNews.com raised Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Friday, December 6th.
View Our Latest Analysis on KW
Kennedy-Wilson Company 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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