First Trust Advisors LP Has $1.85 Million Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

First Trust Advisors LP boosted its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 81.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,839 shares of the financial services provider's stock after acquiring an additional 82,949 shares during the quarter. First Trust Advisors LP owned 0.13% of Kennedy-Wilson worth $1,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KW. Sterling Capital Management LLC grew its stake in Kennedy-Wilson by 822.3% during 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. Smartleaf Asset Management LLC grew its stake in shares of Kennedy-Wilson by 181.6% during the fourth 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. KBC Group NV grew its stake in shares of Kennedy-Wilson by 56.3% during the fourth quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 2,748 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Kennedy-Wilson during the fourth quarter valued at approximately $106,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Kennedy-Wilson during the fourth quarter valued at approximately $134,000. Institutional investors own 87.72% of the company's stock.

Insider Buying and Selling at Kennedy-Wilson

In related news, Director Cathy Hendrickson sold 30,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the sale, the director now directly owns 98,318 shares in the company, valued at $847,501.16. This trade represents a 23.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stanley R. Zax acquired 41,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the acquisition, the director now owns 547,400 shares of the company's stock, valued at $4,685,744. This trade represents a 8.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 20.30% of the company's stock.

Kennedy-Wilson Trading Up 0.2%

KW stock traded up $0.01 during midday trading on Friday, reaching $6.16. The company's stock had a trading volume of 1,407,292 shares, compared to its average volume of 689,279. Kennedy-Wilson Holdings, Inc. has a 52 week low of $6.09 and a 52 week high of $11.88. The stock has a market cap of $1.05 billion, a PE ratio of -2.39, a price-to-earnings-growth ratio of 0.54 and a beta of 1.07. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The business's 50-day simple moving average is $7.66 and its 200-day simple moving average is $9.24.

Kennedy-Wilson (NYSE:KW - Get Free Report) last announced its quarterly earnings data 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). Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%. The business had revenue of $128.30 million during the quarter, compared to the consensus estimate of $227.14 million. As a group, sell-side analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 7.79%. Kennedy-Wilson's payout ratio is presently -45.71%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They set a "hold" rating and a $9.00 price target on the 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.