Russell Investments Group Ltd. Decreases Holdings in Kennedy-Wilson Holdings Inc (KW)

Russell Investments Group Ltd. cut its holdings in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,184,815 shares of the financial services provider’s stock after selling 32,811 shares during the quarter. Russell Investments Group Ltd. owned 0.82% of Kennedy-Wilson worth $25,473,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KW. Strs Ohio bought a new position in shares of Kennedy-Wilson in the second quarter worth approximately $103,000. Cubist Systematic Strategies LLC bought a new position in shares of Kennedy-Wilson in the first quarter worth approximately $113,000. Sei Investments Co. grew its holdings in shares of Kennedy-Wilson by 60.3% in the second quarter. Sei Investments Co. now owns 6,260 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 2,355 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Kennedy-Wilson in the second quarter worth approximately $230,000. Finally, Point72 Hong Kong Ltd grew its holdings in shares of Kennedy-Wilson by 96.4% in the second quarter. Point72 Hong Kong Ltd now owns 13,226 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 6,491 shares during the last quarter. 84.71% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on KW. JMP Securities raised their target price on shares of Kennedy-Wilson from $23.00 to $24.00 and gave the stock a “market outperform” rating in a report on Thursday, August 2nd. TheStreet upgraded shares of Kennedy-Wilson from a “c” rating to a “b” rating in a report on Thursday, August 2nd. ValuEngine upgraded shares of Kennedy-Wilson from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Deutsche Bank cut their target price on shares of Kennedy-Wilson from $26.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, August 29th.

NYSE:KW opened at $19.35 on Monday. The firm has a market capitalization of $2.79 billion, a P/E ratio of 43.00 and a beta of 1.39. Kennedy-Wilson Holdings Inc has a twelve month low of $15.95 and a twelve month high of $22.27. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.75.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.17. The business had revenue of $185.80 million for the quarter, compared to analysts’ expectations of $199.49 million. Kennedy-Wilson had a net margin of 28.15% and a return on equity of 14.99%. The firm’s revenue for the quarter was down 31.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, December 28th will be issued a $0.21 dividend. The ex-dividend date is Thursday, December 27th. This represents a $0.84 annualized dividend and a yield of 4.34%. This is a boost from Kennedy-Wilson’s previous quarterly dividend of $0.19. Kennedy-Wilson’s payout ratio is 168.89%.

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

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