Nuveen Asset Management LLC Reduces Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Nuveen Asset Management LLC reduced its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 754,674 shares of the financial services provider's stock after selling 109,780 shares during the period. Nuveen Asset Management LLC owned about 0.55% of Kennedy-Wilson worth $7,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KW. Millennium Management LLC increased its stake in shares of Kennedy-Wilson by 4.9% during the fourth 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kennedy-Wilson by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,625 shares of the financial services provider's stock valued at $646,000 after purchasing an additional 2,054 shares in the last quarter. Ethic Inc. purchased a new stake in shares of Kennedy-Wilson during the 4th quarter worth $188,000. Deutsche Bank AG grew its stake in shares of Kennedy-Wilson by 26.6% during the fourth quarter. Deutsche Bank AG now owns 150,152 shares of the financial services provider's stock worth $1,500,000 after purchasing an additional 31,580 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC increased its holdings in Kennedy-Wilson by 16.9% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 71,533 shares of the financial services provider's stock valued at $715,000 after buying an additional 10,350 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax bought 41,000 shares of the company's stock in a transaction 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 owns 547,400 shares of the company's stock, valued at approximately $4,685,744. This trade represents a 8.10% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson 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 completion of the sale, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. This trade represents 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.

Kennedy-Wilson Stock Performance

NYSE KW traded up $0.03 during trading hours on Tuesday, hitting $6.35. The company had a trading volume of 770,593 shares, compared to its average volume of 711,321. Kennedy-Wilson Holdings, Inc. has a 1-year low of $5.98 and a 1-year high of $11.88. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $877.47 million, a PE ratio of -2.46, a price-to-earnings-growth ratio of 0.54 and a beta of 1.07. The business has a 50 day moving average of $6.75 and a 200-day moving average of $8.69.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The business had revenue of $128.30 million for the quarter, compared to analyst estimates 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, equities research analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Announces Dividend

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 7.57%. The ex-dividend date of this dividend is Monday, June 30th. Kennedy-Wilson's dividend payout ratio is presently -45.71%.

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.