Thompson Siegel & Walmsley LLC lessened its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,189 shares of the financial services provider's stock after selling 112,358 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.06% of Kennedy-Wilson worth $851,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. KBC Group NV lifted its position in shares of Kennedy-Wilson by 53.1% during the 3rd 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 in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Kennedy-Wilson by 181.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock valued at $58,000 after buying an additional 3,755 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Kennedy-Wilson during the 3rd quarter valued at approximately $116,000. Quantinno Capital Management LP lifted its position in shares of 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 in the last quarter. Finally, FMR LLC raised its stake in Kennedy-Wilson by 7.9% in the 3rd quarter. FMR LLC now owns 16,198 shares of the financial services provider's stock valued at $179,000 after purchasing an additional 1,182 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They issued a "hold" rating and a $9.00 target price for the company. StockNews.com raised shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a research note on Friday, December 6th.
Read Our Latest Research Report on KW
Insider Transactions at Kennedy-Wilson
In other news, Director Cathy Hendrickson sold 30,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were 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 of the company's stock, valued at approximately $847,501.16. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 22.73% of the company's stock.
Kennedy-Wilson Trading Down 0.1 %
Shares of NYSE KW traded down $0.01 during midday trading on Wednesday, reaching $8.62. 730,255 shares of the stock were exchanged, compared to its average volume of 693,944. The company has a 50 day simple moving average of $9.12 and a 200 day simple moving average of $10.27. The stock has a market capitalization of $1.19 billion, a P/E ratio of -3.34, a PEG ratio of 0.54 and a beta of 1.14. 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 twelve month low of $7.90 and a twelve month high of $11.88.
Kennedy-Wilson Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.57%. Kennedy-Wilson's dividend payout ratio is currently -85.71%.
About Kennedy-Wilson
(
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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