Jacobs Levy Equity Management Inc. Purchases New Shares in Kennedy-Wilson Holdings Inc. $KW

Key Points

• Jacobs Levy Equity Management Inc. has purchased a new stake in Kennedy-Wilson Holdings Inc. during the 1st quarter, acquiring 184,344 shares valued at approximately $1.6 million.
• The firm's recent quarterly earnings report showed an earnings per share of $0.17, which exceeded analyst estimates, although revenue fell short at $135.70 million compared to the expected $229.98 million.
• Kennedy-Wilson has declared a quarterly dividend of $0.12 per share, with a dividend yield of 5.4%, scheduled for payment on October 9th.

Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 184,344 shares of the financial services provider's stock, valued at approximately $1,600,000. Jacobs Levy Equity Management Inc. owned approximately 0.13% of Kennedy-Wilson as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KW. New York State Teachers Retirement System grew its holdings in Kennedy-Wilson by 12.3% during the 1st quarter. New York State Teachers Retirement System now owns 30,100 shares of the financial services provider's stock valued at $261,000 after buying an additional 3,300 shares in the last quarter. GAMMA Investing LLC grew its holdings in Kennedy-Wilson by 495.9% during the 1st quarter. GAMMA Investing LLC now owns 34,208 shares of the financial services provider's stock valued at $297,000 after buying an additional 28,467 shares in the last quarter. Deutsche Bank AG grew its holdings in Kennedy-Wilson by 26.6% during the 4th quarter. Deutsche Bank AG now owns 150,152 shares of the financial services provider's stock valued at $1,500,000 after buying an additional 31,580 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Kennedy-Wilson by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 588,232 shares of the financial services provider's stock valued at $5,106,000 after buying an additional 15,379 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Kennedy-Wilson by 233.1% during the 1st quarter. GSA Capital Partners LLP now owns 141,261 shares of the financial services provider's stock valued at $1,226,000 after buying an additional 98,848 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Kennedy-Wilson from a "sell" rating to a "buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9.00.

Kennedy-Wilson Price Performance

Shares of KW traded down $0.08 during mid-day trading on Tuesday, hitting $8.75. 576,204 shares of the stock were exchanged, compared to its average volume of 668,393. The company has a market cap of $1.21 billion, a PE ratio of -13.06, a price-to-earnings-growth ratio of 2.80 and a beta of 1.16. Kennedy-Wilson Holdings Inc. has a 52-week low of $5.98 and a 52-week high of $11.88. The firm has a 50-day moving average of $8.02 and a two-hundred day moving average of $7.51. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.97 and a current ratio of 0.97.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.10. The business had revenue of $135.70 million for the quarter, compared to analysts' expectations of $229.98 million. Kennedy-Wilson had a positive return on equity of 12.90% and a negative net margin of 9.11%. On average, equities analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Kennedy-Wilson's dividend payout ratio is -71.64%.

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.