TT Capital Management LLC bought 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. The firm bought 51,386 shares of the financial services provider's stock, valued at approximately $513,000.
Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC boosted its holdings in Kennedy-Wilson by 822.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 3,248 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Kennedy-Wilson by 181.6% in the fourth 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. KBC Group NV grew its holdings in Kennedy-Wilson by 56.3% during the fourth quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock worth $76,000 after acquiring an additional 2,748 shares during the period. Cibc World Markets Corp purchased a new position in Kennedy-Wilson in the fourth quarter worth $106,000. Finally, Fox Run Management L.L.C. acquired a new stake in Kennedy-Wilson in the fourth quarter valued at $134,000. Institutional investors and hedge funds own 87.72% of the company's stock.
Kennedy-Wilson Price Performance
KW traded down $0.05 during trading on Tuesday, reaching $6.75. 633,853 shares of the stock were exchanged, compared to its average volume of 704,080. Kennedy-Wilson Holdings, Inc. has a 1 year low of $6.34 and a 1 year high of $11.88. The company has a market capitalization of $930.86 million, a price-to-earnings ratio of -2.61, a P/E/G ratio of 0.54 and a beta of 0.98. The business's 50 day moving average price is $8.59 and its two-hundred day moving average price is $9.80. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 31st were paid a $0.12 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 7.12%. Kennedy-Wilson's payout ratio is -85.71%.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Kennedy-Wilson in a report on Monday, February 24th. They issued a "hold" rating and a $9.00 price target for the company.
Read Our Latest Stock Report on Kennedy-Wilson
Insider Buying and Selling at Kennedy-Wilson
In other Kennedy-Wilson news, Director Cathy Hendrickson sold 30,000 shares of the firm's stock in a transaction on 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 transaction, the director now owns 98,318 shares of the company's stock, valued at approximately $847,501.16. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stanley R. Zax purchased 41,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of $8.56 per share, with a total value of $350,960.00. Following the completion of the acquisition, the director now owns 547,400 shares of the company's stock, valued at approximately $4,685,744. The trade was a 8.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.73% of the stock is currently owned by insiders.
Kennedy-Wilson Profile
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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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