Kennedy-Wilson Holdings Inc. $KW Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Kennedy-Wilson Holdings Inc. by 47.5% in the first quarter, now owning 287,583 shares valued at approximately $2.5 million.
• Kennedy-Wilson recently declared a quarterly dividend of $0.12 per share, with a dividend yield of 5.6%.
• Wall Street analysts upgraded Kennedy-Wilson from a "sell" to a "buy" rating, with a consensus target price of $9.00.

Russell Investments Group Ltd. raised its position in Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 47.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 287,583 shares of the financial services provider's stock after purchasing an additional 92,635 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of Kennedy-Wilson worth $2,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of KW. Sherbrooke Park Advisers LLC acquired a new position in Kennedy-Wilson in the fourth quarter valued at approximately $114,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Kennedy-Wilson in the first quarter valued at approximately $131,000. XTX Topco Ltd acquired a new position in shares of Kennedy-Wilson in the 4th quarter valued at $151,000. Teacher Retirement System of Texas acquired a new position in shares of Kennedy-Wilson in the 1st quarter valued at $139,000. Finally, Ethic Inc. acquired a new position in shares of Kennedy-Wilson in the 4th quarter valued at $188,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Price Performance

Shares of KW traded up $0.23 during trading hours on Wednesday, reaching $8.68. 738,304 shares of the company traded hands, compared to its average volume of 852,321. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 5.73. The stock has a market capitalization of $1.20 billion, a PE ratio of -12.95, a price-to-earnings-growth ratio of 2.68 and a beta of 1.10. Kennedy-Wilson Holdings Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $11.88. The stock has a fifty day simple moving average of $7.51 and a 200 day simple moving average of $7.54.

Kennedy-Wilson (NYSE:KW - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.10. Kennedy-Wilson had a negative net margin of 9.11% and a positive return on equity of 12.90%. The company had revenue of $135.70 million for the quarter, compared to analysts' expectations of $229.98 million. As a group, research analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Kennedy-Wilson's dividend payout ratio (DPR) is presently -71.64%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Kennedy-Wilson from a "sell" rating to a "buy" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $9.00.

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.