Jane Street Group LLC Sells 240,747 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Jane Street Group LLC decreased its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 90.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,470 shares of the financial services provider's stock after selling 240,747 shares during the period. Jane Street Group LLC's holdings in Kennedy-Wilson were worth $244,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Royce & Associates LP lifted its position in shares of Kennedy-Wilson by 3.6% in the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider's stock valued at $92,903,000 after buying an additional 325,737 shares during the last quarter. Alberta Investment Management Corp increased its holdings in shares of Kennedy-Wilson by 17.5% during the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock worth $26,477,000 after purchasing an additional 395,000 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Kennedy-Wilson by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider's stock worth $19,756,000 after purchasing an additional 64,352 shares during the period. Northern Trust Corp increased its holdings in shares of Kennedy-Wilson by 18.2% during the fourth quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider's stock worth $15,704,000 after purchasing an additional 241,943 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Kennedy-Wilson by 10.3% during the fourth 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 period. Institutional investors own 87.72% of the company's stock.

Insider Activity

In other Kennedy-Wilson news, Director Stanley R. Zax bought 41,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were bought 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 in the company, valued at approximately $4,685,744. This trade represents a 8.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the sale, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. The trade was a 23.38% decrease in their position. The disclosure for this sale can be found here. Insiders own 20.30% of the company's stock.

Kennedy-Wilson Price Performance

KW traded up $0.10 on Friday, reaching $6.56. The stock had a trading volume of 985,776 shares, compared to its average volume of 717,165. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $11.88. The firm has a 50-day moving average of $6.62 and a 200-day moving average of $8.58. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The company has a market capitalization of $906.51 million, a price-to-earnings ratio of -2.54, a price-to-earnings-growth ratio of 0.54 and a beta of 1.06.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its 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). Kennedy-Wilson had a negative return on equity of 14.09% and a negative net margin of 58.56%. The firm had revenue of $128.30 million during the quarter, compared to analyst estimates of $227.14 million. As a group, sell-side analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 7.32%. Kennedy-Wilson's payout ratio is -45.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KW. Wall Street Zen raised shares of Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a "hold" rating and a $9.00 target price for the company.

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.