Royce & Associates LP Sells 1,731,152 Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW)

Royce & Associates LP decreased its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,568,459 shares of the financial services provider's stock after selling 1,731,152 shares during the quarter. Kennedy-Wilson makes up approximately 0.7% of Royce & Associates LP's holdings, making the stock its 12th biggest holding. Royce & Associates LP owned 4.42% of Kennedy-Wilson worth $65,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in KW. Proficio Capital Partners LLC acquired a new stake in shares of Kennedy-Wilson in the fourth quarter valued at approximately $370,000. Raymond James Financial Inc. acquired a new stake in shares of Kennedy-Wilson in the fourth quarter valued at approximately $2,801,000. Cibc World Markets Corp acquired a new stake in shares of Kennedy-Wilson in the fourth quarter valued at approximately $106,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Kennedy-Wilson by 37.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,999 shares of the financial services provider's stock valued at $619,000 after purchasing an additional 16,766 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Kennedy-Wilson by 10.9% in the fourth quarter. American Century Companies Inc. now owns 250,385 shares of the financial services provider's stock valued at $2,501,000 after acquiring an additional 24,561 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Kennedy-Wilson from a "hold" rating to a "sell" rating in a report on Monday.

Insider Activity

In related news, CEO William J. Mcmorrow bought 200,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was bought at an average price of $6.36 per share, with a total value of $1,272,000.00. Following the purchase, the chief executive officer directly owned 8,049,517 shares of the company's stock, valued at approximately $51,194,928.12. This represents a 2.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 22.73% of the stock is owned by company insiders.

Kennedy-Wilson Price Performance

NYSE:KW traded down $0.04 during trading hours on Monday, reaching $7.56. 679,989 shares of the company's stock were exchanged, compared to its average volume of 886,572. The company has a market capitalization of $1.05 billion, a P/E ratio of -7.20, a price-to-earnings-growth ratio of 26.55 and a beta of 1.07. Kennedy-Wilson Holdings Inc. has a 12 month low of $5.98 and a 12 month high of $11.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 6.23. The business's 50-day simple moving average is $6.87 and its two-hundred day simple moving average is $7.72.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $128.30 million during 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%. Sell-side analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date was Monday, June 30th. Kennedy-Wilson's dividend payout ratio (DPR) is currently -45.71%.

Kennedy-Wilson 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.