BNP Paribas Financial Markets Trims Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

BNP Paribas Financial Markets lessened its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 36.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 438,957 shares of the financial services provider's stock after selling 247,928 shares during the quarter. BNP Paribas Financial Markets owned about 0.32% of Kennedy-Wilson worth $4,385,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KW. JPMorgan Chase & Co. grew its holdings in Kennedy-Wilson by 183.5% during the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider's stock worth $3,274,000 after acquiring an additional 191,790 shares during the period. Smartleaf Asset Management LLC grew its holdings in Kennedy-Wilson by 181.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock worth $58,000 after acquiring an additional 3,755 shares during the period. XTX Topco Ltd acquired a new position in Kennedy-Wilson during the fourth quarter worth $151,000. Barclays PLC grew its holdings in Kennedy-Wilson by 265.2% during the third quarter. Barclays PLC now owns 192,837 shares of the financial services provider's stock worth $2,130,000 after acquiring an additional 140,039 shares during the period. Finally, abrdn plc grew its holdings in Kennedy-Wilson by 89.5% during the fourth quarter. abrdn plc now owns 43,013 shares of the financial services provider's stock worth $430,000 after acquiring an additional 20,314 shares during the period. Hedge funds and other institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Price Performance

KW stock traded down $0.01 on Monday, reaching $6.67. 1,153,713 shares of the company's stock were exchanged, compared to its average volume of 697,370. The stock has a fifty day moving average of $7.29 and a 200-day moving average of $9.05. Kennedy-Wilson Holdings, Inc. has a twelve month low of $6.09 and a twelve month high of $11.88. The firm has a market cap of $922.41 million, a PE ratio of -2.59, a P/E/G ratio of 0.54 and a beta of 1.07. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $128.30 million during the quarter, compared to analyst estimates of $227.14 million. Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%. As a group, equities analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Monday, June 30th. Kennedy-Wilson's dividend payout ratio (DPR) is -45.71%.

Insider Buying and Selling at Kennedy-Wilson

In related news, Director Stanley R. Zax acquired 41,000 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the transaction, the director now directly owns 547,400 shares of the company's stock, valued at $4,685,744. The trade was a 8.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William J. Mcmorrow acquired 200,000 shares of Kennedy-Wilson stock in a transaction dated Thursday, May 15th. The stock was bought at an average price of $6.36 per share, for a total transaction of $1,272,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,049,517 shares of the company's stock, valued at approximately $51,194,928.12. This represents a 2.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on Kennedy-Wilson in a report on Monday, February 24th. They set a "hold" rating and a $9.00 price objective on the stock.

Kennedy-Wilson Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.