Kennedy-Wilson Holdings, Inc. (NYSE:KW) Stake Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,631,223 shares of the financial services provider's stock after selling 180,472 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.37% of Kennedy-Wilson worth $46,266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of KW. Van ECK Associates Corp increased its holdings in shares of Kennedy-Wilson by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 21,537 shares of the financial services provider's stock worth $215,000 after purchasing an additional 1,995 shares during the period. Legal & General Group Plc lifted its position in shares of Kennedy-Wilson by 0.3% in the 4th quarter. Legal & General Group Plc now owns 727,693 shares of the financial services provider's stock worth $7,270,000 after purchasing an additional 2,105 shares during the period. Legacy Capital Group California Inc. boosted its position in shares of Kennedy-Wilson by 12.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 19,466 shares of the financial services provider's stock worth $194,000 after purchasing an additional 2,206 shares in the last quarter. KBC Group NV increased its stake 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 valued at $76,000 after purchasing an additional 2,748 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Kennedy-Wilson by 13.6% in the fourth quarter. Signaturefd LLC now owns 24,885 shares of the financial services provider's stock worth $249,000 after purchasing an additional 2,976 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Insider Transactions at Kennedy-Wilson

In other news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the transaction, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stanley R. Zax bought 41,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the transaction, the director now directly owns 547,400 shares of the company's stock, valued at approximately $4,685,744. This represents a 8.10 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 22.73% of the company's stock.

Analyst Ratings Changes

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

Kennedy-Wilson Stock Performance

Shares of KW stock traded up $0.03 during trading hours on Friday, reaching $6.18. 354,920 shares of the company traded hands, compared to its average volume of 745,244. The company has a market cap of $1.06 billion, a P/E ratio of -2.40, a P/E/G ratio of 0.54 and a beta of 1.07. Kennedy-Wilson Holdings, Inc. has a 12-month low of $6.09 and a 12-month high of $11.88. The firm has a 50-day moving average price of $7.73 and a 200 day moving average price of $9.30. 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 (NYSE:KW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.87 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 30th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.77%. The ex-dividend date is Monday, June 30th. Kennedy-Wilson's dividend payout ratio is currently -85.71%.

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.