Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 70.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,304 shares of the financial services provider's stock after buying an additional 37,437 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Kennedy-Wilson worth $902,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of KW. KBC Group NV lifted its holdings in Kennedy-Wilson by 53.1% in the 3rd quarter. KBC Group NV now owns 4,884 shares of the financial services provider's stock worth $54,000 after buying an additional 1,693 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Kennedy-Wilson in the third quarter worth about $751,000. Intech Investment Management LLC acquired a new position in shares of Kennedy-Wilson in the third quarter worth about $245,000. Charles Schwab Investment Management Inc. boosted its holdings in Kennedy-Wilson by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider's stock valued at $21,142,000 after purchasing an additional 53,185 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in Kennedy-Wilson by 90.3% during the 3rd quarter. Cerity Partners LLC now owns 79,998 shares of the financial services provider's stock valued at $884,000 after purchasing an additional 37,963 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Kennedy-Wilson
In other news, Director Stanley R. Zax bought 41,000 shares of Kennedy-Wilson stock in a transaction on Wednesday, March 19th. The stock was purchased at an average cost of $8.56 per share, with a total value of $350,960.00. Following the purchase, the director now directly owns 547,400 shares of the company's stock, valued at approximately $4,685,744. This trade represents a 8.10 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cathy Hendrickson sold 30,000 shares of the business's 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 transaction, the director now owns 98,318 shares of the company's stock, valued at approximately $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.
Analysts Set New Price Targets
KW has been the topic of a number of recent analyst reports. StockNews.com raised Kennedy-Wilson from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They set a "hold" rating and a $9.00 price objective on the stock.
Get Our Latest Research Report on KW
Kennedy-Wilson Stock Performance
Shares of NYSE KW traded up $0.21 during midday trading on Monday, hitting $9.05. The company's stock had a trading volume of 570,558 shares, compared to its average volume of 687,165. 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 1-year low of $7.90 and a 1-year high of $11.88. The firm's fifty day moving average price is $9.10 and its 200-day moving average price is $10.22. The firm has a market cap of $1.25 billion, a P/E ratio of -3.51, a P/E/G ratio of 0.54 and a beta of 1.14.
Kennedy-Wilson Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend is Monday, March 31st. Kennedy-Wilson's dividend payout ratio (DPR) is -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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