BNP Paribas Financial Markets Has $4.39 Million Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

BNP Paribas Financial Markets lowered its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,957 shares of the financial services provider's stock after selling 247,928 shares during the period. BNP Paribas Financial Markets owned about 0.32% of Kennedy-Wilson worth $4,385,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock worth $36,000 after purchasing an additional 3,248 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Kennedy-Wilson by 181.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock worth $58,000 after purchasing an additional 3,755 shares in the last quarter. KBC Group NV increased its holdings in Kennedy-Wilson by 56.3% during the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock worth $76,000 after purchasing an additional 2,748 shares in the last quarter. Cibc World Markets Corp bought a new position in Kennedy-Wilson during the 4th quarter worth about $106,000. Finally, Fox Run Management L.L.C. bought a new position in Kennedy-Wilson during the 4th quarter worth about $134,000. Institutional investors own 87.72% of the company's stock.

Insider Activity

In other news, CEO William J. Mcmorrow bought 200,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the purchase, the chief executive officer now owns 8,049,517 shares of the company's stock, valued at approximately $51,194,928.12. This trade represents a 2.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Cathy Hendrickson sold 30,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the completion of the sale, the director now owns 98,318 shares of the company's stock, valued at $847,501.16. This trade represents a 23.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Kennedy-Wilson Stock Up 4.3%

KW stock traded up $0.28 during trading hours on Friday, reaching $6.68. 1,820,237 shares of the stock were exchanged, compared to its average volume of 695,835. The company has a market cap of $923.11 million, a price-to-earnings ratio of -2.59, a PEG ratio of 0.54 and a beta of 1.07. The firm's 50-day moving average is $7.34 and its 200-day moving average is $9.11. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a 12 month low of $6.09 and a 12 month high of $11.88.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $128.30 million during the quarter, compared to the consensus estimate of $227.14 million. Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%. On average, equities research analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend is Monday, June 30th. Kennedy-Wilson's payout ratio is -45.71%.

About Kennedy-Wilson

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.