Mackenzie Financial Corp Lowers Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Mackenzie Financial Corp cut its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,506,198 shares of the financial services provider's stock after selling 57,091 shares during the quarter. Mackenzie Financial Corp owned 3.28% of Kennedy-Wilson worth $45,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of KW. Royce & Associates LP raised its position in shares of Kennedy-Wilson by 3.6% during the 4th 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 in the last quarter. Alberta Investment Management Corp increased its stake in Kennedy-Wilson by 17.5% in the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock valued at $26,477,000 after acquiring an additional 395,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kennedy-Wilson by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider's stock valued at $19,756,000 after acquiring an additional 64,352 shares during the last quarter. Northern Trust Corp increased its stake 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. Finally, Invesco Ltd. raised its holdings in shares of Kennedy-Wilson by 10.3% during the 4th quarter. Invesco Ltd. now owns 859,035 shares of the financial services provider's stock valued at $8,582,000 after buying an additional 79,907 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a report on Monday, February 24th. They set a "hold" rating and a $9.00 price objective on the stock.

Insider Activity at Kennedy-Wilson

In related news, CEO William J. Mcmorrow bought 200,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were acquired at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the completion of the acquisition, the chief executive officer now owns 8,049,517 shares of the company's stock, valued at $51,194,928.12. The trade was a 2.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stanley R. Zax purchased 41,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the purchase, the director now owns 547,400 shares in the company, valued at $4,685,744. This represents a 8.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.30% of the stock is currently owned by company insiders.

Kennedy-Wilson Trading Down 1.2%

Kennedy-Wilson stock traded down $0.08 during mid-day trading on Wednesday, hitting $6.30. The company's stock had a trading volume of 1,129,960 shares, compared to its average volume of 710,662. The business has a 50 day moving average price of $7.00 and a 200-day moving average price of $8.86. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a 12 month low of $5.98 and a 12 month high of $11.88. The stock has a market cap of $870.55 million, a price-to-earnings ratio of -2.44, a price-to-earnings-growth ratio of 0.54 and a beta of 1.07.

Kennedy-Wilson (NYSE:KW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). The company had revenue of $128.30 million during the quarter, compared to analysts' expectations of $227.14 million. Kennedy-Wilson had a negative return on equity of 14.09% and a negative net margin of 58.56%. As a group, analysts forecast that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Dividend Announcement

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 given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.63%. The ex-dividend date of this dividend is Monday, June 30th. Kennedy-Wilson's payout ratio is -45.71%.

About Kennedy-Wilson

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.