Russell Investments Group Ltd. lifted its holdings in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 38.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 525,537 shares of the financial services provider’s stock after acquiring an additional 146,810 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.46% of Kennedy-Wilson worth $9,748,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. boosted its stake in Kennedy-Wilson by 3.9% in the 2nd quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 380 shares during the period. Amalgamated Bank raised its holdings in Kennedy-Wilson by 3.7% in the 2nd quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 377 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Kennedy-Wilson by 2.5% in the 2nd 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 in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Kennedy-Wilson by 528.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 9,282 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Kennedy-Wilson in the 2nd quarter valued at $225,000. Institutional investors own 66.57% of the company’s stock.
In related news, Director Stanley R. Zax purchased 50,000 shares of Kennedy-Wilson stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $19.18 per share, for a total transaction of $959,000.00. Following the transaction, the director now owns 300,300 shares of the company’s stock, valued at approximately $5,759,754. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 17.07% of the company’s stock.
Kennedy-Wilson Holdings Inc (NYSE KW) traded down $0.30 during trading on Wednesday, hitting $19.05. The stock had a trading volume of 1,471,400 shares, compared to its average volume of 800,572. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74. Kennedy-Wilson Holdings Inc has a 12 month low of $17.95 and a 12 month high of $22.65. The firm has a market cap of $2,930.44, a PE ratio of 46.07, a P/E/G ratio of 6.91 and a beta of 1.37.
Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.15. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The business had revenue of $277.20 million for the quarter, compared to analyst estimates of $177.89 million. During the same quarter in the previous year, the company posted ($0.03) EPS. Kennedy-Wilson’s quarterly revenue was up 59.0% compared to the same quarter last year. research analysts anticipate that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.17. Kennedy-Wilson’s payout ratio is 523.12%.
Several equities analysts have weighed in on KW shares. BTIG Research reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson in a report on Tuesday, October 17th. Deutsche Bank reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Kennedy-Wilson in a report on Monday, October 30th. ValuEngine cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Finally, BidaskClub cut Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Kennedy-Wilson currently has a consensus rating of “Hold” and a consensus target price of $28.33.
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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.
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