Russell Investments Group Ltd. Raises Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Russell Investments Group Ltd. increased its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 41.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,948 shares of the financial services provider's stock after purchasing an additional 57,248 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Kennedy-Wilson worth $1,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Royce & Associates LP grew its holdings in shares of Kennedy-Wilson by 3.6% in the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider's stock worth $92,903,000 after purchasing an additional 325,737 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kennedy-Wilson by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,859,103 shares of the financial services provider's stock worth $31,599,000 after acquiring an additional 20,500 shares during the last quarter. Alberta Investment Management Corp increased its position in shares of Kennedy-Wilson by 17.5% in the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock valued at $26,477,000 after acquiring an additional 395,000 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kennedy-Wilson by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider's stock valued at $19,756,000 after acquiring an additional 64,352 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Kennedy-Wilson by 22.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider's stock worth $7,503,000 after purchasing an additional 135,559 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Kennedy-Wilson

In other news, Director Stanley R. Zax acquired 41,000 shares of the 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 completion of the transaction, the director now owns 547,400 shares of the company's stock, valued at $4,685,744. This represents a 8.10 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total transaction of $258,600.00. Following the completion of the sale, the director now directly owns 98,318 shares in the company, valued at $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.73% of the company's stock.

Kennedy-Wilson Trading Up 0.7 %

Shares of NYSE:KW traded up $0.05 on Thursday, hitting $6.49. The company had a trading volume of 132,115 shares, compared to its average volume of 694,176. The firm's 50-day simple moving average is $8.31 and its two-hundred day simple moving average is $9.62. The firm has a market capitalization of $894.98 million, a price-to-earnings ratio of -2.51, a P/E/G ratio of 0.54 and a beta of 0.98. 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 Holdings, Inc. has a 1 year low of $6.28 and a 1 year high of $11.88.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were issued a $0.12 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 7.40%. Kennedy-Wilson's dividend payout ratio (DPR) is presently -85.71%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a "hold" rating and a $9.00 price objective for the company.

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.