Jacobs Levy Equity Management Inc. Takes $1.60 Million Position 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 Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 184,344 shares of the financial services provider's stock, valued at approximately $1,600,000. Jacobs Levy Equity Management Inc. owned about 0.13% of Kennedy-Wilson as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in KW. Northern Trust Corp lifted its holdings in 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 last quarter. ACR Alpine Capital Research LLC acquired a new position in Kennedy-Wilson in the first quarter valued at approximately $985,000. GSA Capital Partners LLP lifted its holdings in Kennedy-Wilson by 233.1% in the first quarter. GSA Capital Partners LLP now owns 141,261 shares of the financial services provider's stock valued at $1,226,000 after acquiring an additional 98,848 shares during the last quarter. Trexquant Investment LP acquired a new position in Kennedy-Wilson in the first quarter valued at approximately $834,000. Finally, Russell Investments Group Ltd. lifted its holdings in Kennedy-Wilson by 47.5% in the first quarter. Russell Investments Group Ltd. now owns 287,583 shares of the financial services provider's stock valued at $2,496,000 after acquiring an additional 92,635 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Kennedy-Wilson Trading Down 1.3%

NYSE:KW traded down $0.12 during trading hours on Friday, reaching $8.98. 525,212 shares of the stock were exchanged, compared to its average volume of 676,308. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 5.73. The business has a 50-day moving average of $7.96 and a two-hundred day moving average of $7.52. Kennedy-Wilson Holdings Inc. has a twelve month low of $5.98 and a twelve month high of $11.88. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -13.40, a PEG ratio of 2.89 and a beta of 1.16.

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

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, September 30th. Kennedy-Wilson's dividend payout ratio (DPR) is presently -71.64%.

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.