Quilter Plc lessened its position in Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 15.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 350,602 shares of the financial services provider's stock after selling 64,695 shares during the quarter. Quilter Plc owned 0.25% of Kennedy-Wilson worth $3,043,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in KW. Sterling Capital Management LLC raised its holdings in shares of Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock valued at $36,000 after buying an additional 3,248 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Kennedy-Wilson by 181.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock worth $58,000 after acquiring an additional 3,755 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of Kennedy-Wilson in the 4th quarter valued at $106,000. Sherbrooke Park Advisers LLC bought a new position in shares of Kennedy-Wilson during the 4th quarter valued at $114,000. Finally, Fox Run Management L.L.C. purchased a new position in Kennedy-Wilson in the 4th quarter worth $134,000. Hedge funds and other institutional investors own 87.72% of the company's stock.
Insider Buying and Selling at Kennedy-Wilson
In other news, CEO William J. Mcmorrow bought 200,000 shares of the stock in a transaction dated 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 directly owns 8,049,517 shares in the company, valued at $51,194,928.12. This trade represents a 2.55% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.73% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Kennedy-Wilson from a "sell" rating to a "hold" rating in a report on Friday, June 6th.
View Our Latest Stock Report on Kennedy-Wilson
Kennedy-Wilson Trading Down 0.6%
KW traded down $0.04 during trading on Monday, hitting $6.80. 1,361,721 shares of the stock traded hands, compared to its average volume of 736,137. The firm has a 50-day moving average of $6.50 and a 200 day moving average of $8.10. Kennedy-Wilson Holdings Inc. has a 12-month low of $5.98 and a 12-month high of $11.88. The firm has a market capitalization of $940.37 million, a P/E ratio of -6.48 and a beta of 1.06. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.05 and a quick ratio of 1.05.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). The business had revenue of $128.30 million for the quarter, compared to analysts' expectations of $227.14 million. Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. Equities research analysts anticipate 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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.06%. The ex-dividend date is Monday, June 30th. Kennedy-Wilson's dividend payout ratio (DPR) is currently -45.71%.
About Kennedy-Wilson
(
Free Report)
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.
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