Russell Investments Group Ltd. Purchases 146,810 Shares of Kennedy-Wilson Holdings Inc (NYSE:KW)

Russell Investments Group Ltd. raised its position in Kennedy-Wilson Holdings Inc (NYSE:KW) by 38.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Prudential Financial Inc. increased its holdings 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 buying an additional 380 shares during the period. Amalgamated Bank boosted its position in Kennedy-Wilson by 3.7% during the 2nd quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock worth $202,000 after buying an additional 377 shares during the period. Principal Financial Group Inc. lifted its position in shares of 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 worth $209,000 after purchasing an additional 272 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of 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 worth $210,000 after purchasing an additional 9,282 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Kennedy-Wilson in the 2nd quarter worth approximately $225,000. Hedge funds and other institutional investors own 66.57% of the company’s stock.

Shares of Kennedy-Wilson Holdings Inc (KW) traded down $0.30 on Friday, hitting $17.75. The stock had a trading volume of 1,472,800 shares, compared to its average volume of 827,125. Kennedy-Wilson Holdings Inc has a 12-month low of $17.70 and a 12-month high of $22.65. The company has a market capitalization of $2,733.56, a PE ratio of 42.98, a PEG ratio of 6.45 and a beta of 1.37. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.15. Kennedy-Wilson had a net margin of 1.94% and a return on equity of 2.04%. The business had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $177.89 million. During the same period last year, the business earned ($0.03) earnings per share. The business’s quarterly revenue was up 59.0% on a year-over-year basis. equities analysts expect that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Thursday, December 28th. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.17. Kennedy-Wilson’s dividend payout ratio is 523.12%.

KW has been the subject of several research analyst reports. BidaskClub lowered shares of Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. BTIG Research restated a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson in a research note on Tuesday, October 17th. Deutsche Bank restated a “hold” rating and set a $23.00 price target on shares of Kennedy-Wilson in a research note on Monday, October 30th. Finally, ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.33.

In related news, Director Stanley R. Zax acquired 50,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was purchased at an average price of $19.18 per share, with a total value of $959,000.00. Following the completion of the purchase, the director now owns 300,300 shares in the company, valued at approximately $5,759,754. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 17.07% of the company’s stock.

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Kennedy-Wilson Company 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 (NYSE:KW)

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