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

Jane Street Group LLC lessened its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 90.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Kennedy-Wilson by 265.2% in the third quarter. Barclays PLC now owns 192,837 shares of the financial services provider's stock valued at $2,130,000 after acquiring an additional 140,039 shares during the period. KBC Group NV raised its stake in Kennedy-Wilson by 56.3% in the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock worth $76,000 after purchasing an additional 2,748 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in Kennedy-Wilson in the 4th quarter valued at about $199,000. Jennison Associates LLC grew its position in shares of Kennedy-Wilson by 47.1% during the 4th quarter. Jennison Associates LLC now owns 99,954 shares of the financial services provider's stock worth $999,000 after purchasing an additional 31,990 shares in the last quarter. Finally, abrdn plc grew its position in shares of Kennedy-Wilson by 89.5% during the 4th quarter. abrdn plc now owns 43,013 shares of the financial services provider's stock worth $430,000 after purchasing an additional 20,314 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Insider Activity at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax purchased 41,000 shares of the business's stock in a transaction dated 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 completion of the acquisition, the director now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the sale, the director now owns 98,318 shares of the company's stock, valued at $847,501.16. The trade was a 23.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They issued a "hold" rating and a $9.00 price target for the company.

Kennedy-Wilson Price Performance

Shares of KW traded up $0.10 during trading hours on Friday, hitting $6.56. 985,776 shares of the company were exchanged, compared to its average volume of 715,599. The company has a market cap of $906.51 million, a price-to-earnings ratio of -2.54, a P/E/G ratio of 0.54 and a beta of 1.06. The firm's fifty day moving average is $6.66 and its 200 day moving average is $8.65. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $11.88. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced its quarterly earnings data 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 net margin of 58.56% and a negative return on equity of 14.09%. The firm had revenue of $128.30 million during the quarter, compared to the consensus estimate of $227.14 million. On average, equities analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 2.87 earnings per share for the current fiscal year.

Kennedy-Wilson Dividend Announcement

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

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.