Kennedy-Wilson Holdings (NYSE:KW) General Counsel Kent Y. Mouton sold 24,350 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $16.87, for a total value of $410,784.50. Following the sale, the general counsel now owns 424,128 shares of the company’s stock, valued at approximately $7,155,039.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
KW stock opened at $17.80 on Monday. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.03 and a current ratio of 1.03. Kennedy-Wilson Holdings has a 52-week low of $15.95 and a 52-week high of $22.65. The stock has a market cap of $2,688.34, a PE ratio of 27.39 and a beta of 1.28.
Kennedy-Wilson (NYSE:KW) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. Kennedy-Wilson had a net margin of 12.40% and a return on equity of 4.01%. The business had revenue of $181.50 million for the quarter, compared to analyst estimates of $181.56 million. sell-side analysts forecast that Kennedy-Wilson Holdings will post -0.17 earnings per share for the current fiscal year.
Kennedy-Wilson announced that its board has initiated a stock repurchase program on Tuesday, March 20th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 29th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Wednesday, March 28th. Kennedy-Wilson’s payout ratio is currently 168.89%.
KW has been the topic of several recent research reports. ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. JMP Securities raised shares of Kennedy-Wilson from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a report on Friday, March 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $26.00.
Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its stake in Kennedy-Wilson by 2.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 132,669 shares of the financial services provider’s stock valued at $2,461,000 after buying an additional 2,935 shares in the last quarter. Stevens Capital Management LP lifted its stake in Kennedy-Wilson by 25.6% in the 3rd quarter. Stevens Capital Management LP now owns 16,559 shares of the financial services provider’s stock valued at $307,000 after buying an additional 3,373 shares in the last quarter. Trust Co. of Vermont lifted its stake in Kennedy-Wilson by 9.2% in the 4th quarter. Trust Co. of Vermont now owns 41,003 shares of the financial services provider’s stock valued at $712,000 after buying an additional 3,462 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Kennedy-Wilson by 17.0% in the 4th quarter. Guggenheim Capital LLC now owns 26,643 shares of the financial services provider’s stock valued at $462,000 after buying an additional 3,868 shares in the last quarter. Finally, American International Group Inc. lifted its stake in Kennedy-Wilson by 8.1% in the 3rd quarter. American International Group Inc. now owns 55,827 shares of the financial services provider’s stock valued at $1,036,000 after buying an additional 4,175 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.
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Kennedy-Wilson Company Profile
Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
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