Rockefeller Capital Management L.P. Reduces Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Rockefeller Capital Management L.P. lessened its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,467,399 shares of the financial services provider's stock after selling 140,056 shares during the quarter. Rockefeller Capital Management L.P. owned about 1.80% of Kennedy-Wilson worth $27,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Kennedy-Wilson by 229.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider's stock worth $28,000 after buying an additional 2,029 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Kennedy-Wilson by 68.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider's stock worth $32,000 after acquiring an additional 1,346 shares in the last quarter. Quarry LP acquired a new position in Kennedy-Wilson during the second quarter worth about $45,000. KBC Group NV boosted its stake in shares of Kennedy-Wilson by 53.1% in the 3rd quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,693 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Kennedy-Wilson by 298.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 4,320 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

Analyst Upgrades and Downgrades

KW has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on 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 cut Kennedy-Wilson from a "hold" rating to a "sell" rating in a report on Monday, September 2nd.

Kennedy-Wilson Stock Performance

Shares of NYSE KW traded down $0.01 during trading on Friday, hitting $11.58. 411,866 shares of the company traded hands, compared to its average volume of 538,055. The business's fifty day moving average is $11.04 and its 200 day moving average is $10.58. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $13.27.

Kennedy-Wilson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Tuesday, December 31st. Kennedy-Wilson's dividend payout ratio (DPR) is -18.60%.

Kennedy-Wilson Company 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.