UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 53,372 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 849,468 shares of the financial services provider's stock after selling 53,372 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.62% of Kennedy-Wilson worth $8,486,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Two Sigma Advisers LP increased its stake in shares of Kennedy-Wilson by 75.0% in the 4th quarter. Two Sigma Advisers LP now owns 33,600 shares of the financial services provider's stock valued at $336,000 after purchasing an additional 14,400 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new stake in Kennedy-Wilson during the 4th quarter worth approximately $114,000. ProShare Advisors LLC increased its stake in Kennedy-Wilson by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 34,357 shares of the financial services provider's stock worth $343,000 after buying an additional 10,547 shares in the last quarter. Quantinno Capital Management LP increased its stake in Kennedy-Wilson by 75.2% during the 4th quarter. Quantinno Capital Management LP now owns 25,241 shares of the financial services provider's stock worth $252,000 after buying an additional 10,838 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Kennedy-Wilson by 4.9% during the 4th quarter. Millennium Management LLC now owns 842,561 shares of the financial services provider's stock worth $8,417,000 after buying an additional 39,702 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Kennedy-Wilson Price Performance

Shares of KW stock traded up $0.14 during midday trading on Wednesday, reaching $6.49. 1,011,404 shares of the company traded hands, compared to its average volume of 712,749. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The firm's 50 day simple moving average is $6.70 and its two-hundred day simple moving average is $8.68. Kennedy-Wilson Holdings, Inc. has a 1-year low of $5.98 and a 1-year high of $11.88. The firm has a market cap of $897.52 million, a PE ratio of -2.52, a price-to-earnings-growth ratio of 0.54 and a beta of 1.07.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share 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 analyst estimates of $227.14 million. Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%. On average, equities research analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 7.40%. Kennedy-Wilson's dividend payout ratio is currently -45.71%.

Insiders Place Their Bets

In other Kennedy-Wilson news, Director Cathy Hendrickson sold 30,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. This represents a 23.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Mcmorrow acquired 200,000 shares of the company's stock in a transaction on Thursday, May 15th. The stock was bought at an average price of $6.36 per share, for a total transaction of $1,272,000.00. Following the purchase, the chief executive officer now owns 8,049,517 shares in the company, valued at approximately $51,194,928.12. This trade represents a 2.55% increase in their position. The disclosure for this purchase can be found here. 20.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft started coverage on 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 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.