Vanguard Group Inc. lowered its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,305,092 shares of the financial services provider's stock after selling 103,189 shares during the quarter. Vanguard Group Inc. owned about 12.59% of Kennedy-Wilson worth $172,878,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted 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 acquiring an additional 3,755 shares during the last quarter. KBC Group NV raised its stake 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 valued at $76,000 after purchasing an additional 2,748 shares in the last quarter. Cibc World Markets Corp bought a new position in Kennedy-Wilson during the fourth quarter valued at $106,000. Fox Run Management L.L.C. purchased a new position in shares of Kennedy-Wilson in the 4th quarter worth $134,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Kennedy-Wilson by 39.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider's stock worth $146,000 after buying an additional 4,124 shares during the last quarter. Institutional investors own 87.72% of the company's stock.
Kennedy-Wilson Trading Down 0.7 %
Shares of Kennedy-Wilson stock traded down $0.05 on Friday, reaching $6.69. The company had a trading volume of 944,742 shares, compared to its average volume of 707,516. The firm has a market cap of $923.69 million, a price-to-earnings ratio of -2.59, a P/E/G ratio of 0.54 and a beta of 0.98. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The firm's 50-day moving average price is $8.68 and its two-hundred day moving average price is $9.86. Kennedy-Wilson Holdings, Inc. has a 1 year low of $6.34 and a 1 year high of $11.88.
Kennedy-Wilson Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend was Monday, March 31st. Kennedy-Wilson's payout ratio is -85.71%.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft began 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.
Check Out Our Latest Report on KW
Insider Buying and Selling at Kennedy-Wilson
In other Kennedy-Wilson news, Director Stanley R. Zax bought 41,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the transaction, the director now directly owns 547,400 shares of the company's stock, valued at approximately $4,685,744. This represents a 8.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the sale, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. The trade was a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.73% of the company's stock.
Kennedy-Wilson Profile
(
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.
Recommended Stories
Before you consider Kennedy-Wilson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kennedy-Wilson wasn't on the list.
While Kennedy-Wilson currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
