ACR Alpine Capital Research LLC bought a new stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 113,483 shares of the financial services provider's stock, valued at approximately $985,000. ACR Alpine Capital Research LLC owned approximately 0.07% of Kennedy-Wilson at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp boosted its position in shares of Kennedy-Wilson by 18.2% in the fourth quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider's stock valued at $15,704,000 after acquiring an additional 241,943 shares during the period. Rock Point Advisors LLC boosted its holdings in Kennedy-Wilson by 1.2% in the 1st quarter. Rock Point Advisors LLC now owns 1,059,030 shares of the financial services provider's stock valued at $9,192,000 after purchasing an additional 13,015 shares during the period. Invesco Ltd. grew its position in Kennedy-Wilson by 10.3% in the 4th quarter. Invesco Ltd. now owns 859,035 shares of the financial services provider's stock worth $8,582,000 after purchasing an additional 79,907 shares during the last quarter. Millennium Management LLC grew its position in Kennedy-Wilson by 4.9% in the 4th quarter. Millennium Management LLC now owns 842,561 shares of the financial services provider's stock worth $8,417,000 after purchasing an additional 39,702 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Kennedy-Wilson by 3.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 773,511 shares of the financial services provider's stock worth $6,714,000 after purchasing an additional 22,456 shares during the period. Institutional investors and hedge funds own 87.72% of the company's stock.
Insider Transactions at Kennedy-Wilson
In other news, CEO William J. Mcmorrow bought 200,000 shares of Kennedy-Wilson stock in a transaction dated Thursday, May 15th. The shares were bought at an average price of $6.36 per share, for a total transaction of $1,272,000.00. Following the purchase, the chief executive officer owned 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.30% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a research note on Sunday.
Check Out Our Latest Stock Analysis on KW
Kennedy-Wilson Price Performance
Shares of KW stock traded down $0.07 during mid-day trading on Thursday, reaching $7.59. The company's stock had a trading volume of 661,140 shares, compared to its average volume of 962,552. The firm's 50-day moving average is $6.85 and its two-hundred day moving average is $7.76. The company has a market cap of $1.05 billion, a P/E ratio of -7.23, a PEG ratio of 26.76 and a beta of 1.07. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $11.88. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.05 and a current ratio of 1.05.
Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Kennedy-Wilson had a positive return on equity of 7.76% and a negative net margin of 19.24%. The business had revenue of $128.30 million during the quarter, compared to analyst estimates of $227.14 million. On average, research analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current year.
Kennedy-Wilson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date was Monday, June 30th. Kennedy-Wilson's dividend payout ratio (DPR) is -45.71%.
About Kennedy-Wilson
(
Free Report)
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.
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