Wells Fargo & Company MN Has $3.38 Million Stake in Kennedy-Wilson Holdings Inc. (KW)

Wells Fargo & Company MN lifted its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 9.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,213 shares of the financial services provider’s stock after acquiring an additional 15,460 shares during the quarter. Wells Fargo & Company MN owned 0.16% of Kennedy-Wilson Holdings worth $3,375,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Kennedy-Wilson Holdings by 2.5% during the second quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 272 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Kennedy-Wilson Holdings by 3.9% during the second quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 380 shares during the last quarter. Legal & General Group Plc increased its position in shares of Kennedy-Wilson Holdings by 2.5% during the second quarter. Legal & General Group Plc now owns 30,580 shares of the financial services provider’s stock valued at $582,000 after acquiring an additional 738 shares during the last quarter. American International Group Inc. increased its position in shares of Kennedy-Wilson Holdings by 4.7% during the first quarter. American International Group Inc. now owns 49,686 shares of the financial services provider’s stock valued at $1,103,000 after acquiring an additional 2,237 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC increased its position in shares of Kennedy-Wilson Holdings by 13.5% during the second quarter. Alpine Woods Capital Investors LLC now owns 25,285 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 3,000 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

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A number of analysts recently commented on KW shares. BTIG Research reaffirmed a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson Holdings in a research report on Tuesday, October 17th. BidaskClub raised Kennedy-Wilson Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.67.

Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) opened at 19.45 on Friday. Kennedy-Wilson Holdings Inc. has a 52-week low of $17.95 and a 52-week high of $23.00. The firm has a 50-day moving average price of $19.05 and a 200-day moving average price of $19.60. The stock has a market capitalization of $2.22 billion, a P/E ratio of 102.91 and a beta of 1.36.

Kennedy-Wilson Holdings (NYSE:KW) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.16. The firm had revenue of $177.80 million during the quarter, compared to analyst estimates of $178.55 million. Kennedy-Wilson Holdings had a return on equity of 2.28% and a net margin of 3.13%. Kennedy-Wilson Holdings’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) EPS. On average, analysts predict that Kennedy-Wilson Holdings Inc. will post ($0.29) EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 29th were paid a $0.17 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.68 annualized dividend and a dividend yield of 3.50%. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is 377.80%.

Kennedy-Wilson Holdings Profile

Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.

Institutional Ownership by Quarter for Kennedy-Wilson Holdings (NYSE:KW)

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