Kennedy-Wilson Holdings Inc. (NYSE:KW) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 11.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 985,255 shares of the financial services provider's stock after selling 130,705 shares during the quarter. Bank of New York Mellon Corp owned about 0.71% of Kennedy-Wilson worth $8,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings in shares of Kennedy-Wilson by 822.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock valued at $36,000 after buying an additional 3,248 shares during the period. Cibc World Markets Corp purchased a new position in shares of Kennedy-Wilson in the 4th quarter valued at about $106,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Kennedy-Wilson in the 4th quarter valued at about $114,000. Fox Run Management L.L.C. purchased a new position in shares of Kennedy-Wilson in the 4th quarter valued at about $134,000. Finally, XTX Topco Ltd purchased a new position in shares of Kennedy-Wilson in the 4th quarter valued at about $151,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Insider Activity

In other Kennedy-Wilson news, CEO William J. Mcmorrow acquired 200,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the completion of the acquisition, the chief executive officer owned 8,049,517 shares of the company's stock, valued at approximately $51,194,928.12. The trade was a 2.55% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 20.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Kennedy-Wilson from a "sell" rating to a "hold" rating in a research note on Sunday.

Kennedy-Wilson Price Performance

NYSE:KW traded down $0.04 during trading hours on Thursday, hitting $7.63. 207,655 shares of the stock were exchanged, compared to its average volume of 887,400. Kennedy-Wilson Holdings Inc. has a 52-week low of $5.98 and a 52-week high of $11.88. The firm's fifty day moving average price is $6.83 and its 200 day moving average price is $7.77. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 6.23. The company has a market cap of $1.05 billion, a P/E ratio of -7.26, a P/E/G ratio of 26.37 and a beta of 1.07.

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 analysts' consensus estimates of $0.03 by ($0.04). The company had revenue of $128.30 million during the quarter, compared to analysts' expectations of $227.14 million. Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. As a group, equities research analysts anticipate that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th were given a $0.12 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.30%. Kennedy-Wilson's dividend payout ratio (DPR) is presently -45.71%.

Kennedy-Wilson Company 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.