Quilter Plc Sells 64,695 Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW)

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 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 period. Quilter Plc owned 0.25% of Kennedy-Wilson worth $3,043,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KW. Deutsche Bank AG raised 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 valued at $1,500,000 after acquiring an additional 31,580 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Kennedy-Wilson by 181.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 3,755 shares during the last quarter. XTX Topco Ltd bought a new position in Kennedy-Wilson during the 4th quarter valued at approximately $151,000. GAMMA Investing LLC lifted its holdings in Kennedy-Wilson by 495.9% in the 1st quarter. GAMMA Investing LLC now owns 34,208 shares of the financial services provider's stock worth $297,000 after buying an additional 28,467 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Kennedy-Wilson by 27.5% in the 4th quarter. Wells Fargo & Company MN now owns 67,480 shares of the financial services provider's stock worth $674,000 after buying an additional 14,544 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Stock Up 2.6%

Shares of NYSE KW opened at $6.88 on Friday. The firm has a fifty day simple moving average of $6.50 and a two-hundred day simple moving average of $8.17. Kennedy-Wilson Holdings Inc. has a 12 month low of $5.98 and a 12 month high of $11.88. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 6.23. The firm has a market capitalization of $950.74 million, a PE ratio of -6.55 and a beta of 1.06.

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 the consensus estimate of $0.03 by ($0.04). Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. The company had revenue of $128.30 million for the quarter, compared to analysts' expectations of $227.14 million. Equities analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th will be issued a dividend of $0.12 per share. The ex-dividend date is Monday, June 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.98%. Kennedy-Wilson's dividend payout ratio (DPR) is -45.71%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Kennedy-Wilson from a "sell" rating to a "hold" rating in a research note on Friday, June 6th.

Insider Transactions at Kennedy-Wilson

In other Kennedy-Wilson news, CEO William J. Mcmorrow bought 200,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were purchased at an average price of $6.36 per share, for a total transaction of $1,272,000.00. Following the acquisition, the chief executive officer now owns 8,049,517 shares in the company, valued at approximately $51,194,928.12. This represents a 2.55% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 20.30% of the company's stock.

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.

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