State Street Corp Decreases Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

State Street Corp reduced its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,063,520 shares of the financial services provider's stock after selling 130,722 shares during the period. State Street Corp owned approximately 4.41% of Kennedy-Wilson worth $67,730,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KW. FMR LLC increased its holdings in Kennedy-Wilson by 7.9% during the 3rd 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 period. Dynamic Advisor Solutions LLC grew its position in shares of Kennedy-Wilson by 2.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 52,734 shares of the financial services provider's stock valued at $583,000 after purchasing an additional 1,352 shares in the last quarter. Delta Investment Management LLC increased its holdings in shares of Kennedy-Wilson by 6.1% in the second quarter. Delta Investment Management LLC now owns 26,071 shares of the financial services provider's stock worth $253,000 after purchasing an additional 1,500 shares during the period. Quantinno Capital Management LP raised its position in shares of 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 worth $159,000 after buying an additional 1,686 shares in the last quarter. Finally, KBC Group NV boosted its stake in Kennedy-Wilson by 53.1% during the third quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock valued at $54,000 after buying an additional 1,693 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Price Performance

Kennedy-Wilson stock traded down $0.54 during mid-day trading on Wednesday, hitting $10.18. 681,800 shares of the company traded hands, compared to its average volume of 900,241. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a one year low of $7.85 and a one year high of $12.74. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -3.95, a price-to-earnings-growth ratio of 0.70 and a beta of 1.12. The stock has a fifty day moving average price of $11.09 and a 200-day moving average price of $10.67.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Tuesday, December 31st. Kennedy-Wilson's dividend payout ratio is currently -18.60%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Kennedy-Wilson from a "sell" rating to a "hold" rating in a research note on Friday, December 6th.

Kennedy-Wilson 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.