Kennedy-Wilson Holdings Inc. $KW Stake Lowered by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its holdings in Kennedy-Wilson Holdings by 1.5%, now owning 17,043,072 shares valued at approximately $147.9 million.
• Institutional investors have shown mixed activity, with New York State Teachers Retirement System increasing its stake by 12.3%, while GAMMA Investing LLC boosted its stake by a significant 495.9% during the first quarter.
• Kennedy-Wilson recently announced a quarterly dividend of $0.12, which is set to be paid on October 9th, representing an annualized yield of 5.9%.

Vanguard Group Inc. decreased its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,043,072 shares of the financial services provider's stock after selling 262,020 shares during the period. Vanguard Group Inc. owned 9.96% of Kennedy-Wilson worth $147,934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KW. Wells Fargo & Company MN raised its holdings in Kennedy-Wilson by 27.5% during the fourth quarter. Wells Fargo & Company MN now owns 67,480 shares of the financial services provider's stock worth $674,000 after purchasing an additional 14,544 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Kennedy-Wilson by 26.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 93,945 shares of the financial services provider's stock worth $939,000 after buying an additional 19,481 shares during the last quarter. Invesco Ltd. grew its position in Kennedy-Wilson by 10.3% in the fourth quarter. Invesco Ltd. now owns 859,035 shares of the financial services provider's stock worth $8,582,000 after buying an additional 79,907 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Kennedy-Wilson in the fourth quarter worth approximately $2,801,000. Finally, Sterling Capital Management LLC grew its position in Kennedy-Wilson by 822.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock worth $36,000 after buying an additional 3,248 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Trading Up 6.3%

NYSE KW traded up $0.5050 on Friday, hitting $8.5050. 920,761 shares of the stock were exchanged, compared to its average volume of 836,119. Kennedy-Wilson Holdings Inc. has a 52-week low of $5.98 and a 52-week high of $11.88. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -12.69, a P/E/G ratio of 2.70 and a beta of 1.10. The company's 50-day moving average price is $7.40 and its two-hundred day moving average price is $7.55.

Kennedy-Wilson (NYSE:KW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share 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 firm had revenue of $135.70 million for the quarter, compared to analysts' expectations of $229.98 million. Research analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, September 30th. Kennedy-Wilson's payout ratio is presently -71.64%.

Wall Street Analyst Weigh In

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

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.