First Trust Advisors LP Buys 82,949 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

First Trust Advisors LP boosted its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 81.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 approximately 0.13% of Kennedy-Wilson worth $1,847,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Barclays PLC grew its stake in Kennedy-Wilson by 265.2% in the 3rd quarter. Barclays PLC now owns 192,837 shares of the financial services provider's stock valued at $2,130,000 after buying an additional 140,039 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Kennedy-Wilson by 183.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider's stock worth $3,274,000 after purchasing an additional 191,790 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Kennedy-Wilson by 22.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider's stock valued at $7,503,000 after purchasing an additional 135,559 shares during the period. KBC Group NV grew its holdings in Kennedy-Wilson by 56.3% in the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock valued at $76,000 after buying an additional 2,748 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new position in Kennedy-Wilson in the 4th quarter worth approximately $199,000. 87.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kennedy-Wilson news, Director Stanley R. Zax purchased 41,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were acquired at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the transaction, the director now directly owns 547,400 shares in the company, valued at approximately $4,685,744. The trade was a 8.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the transaction, the director now owns 98,318 shares of the company's stock, valued at approximately $847,501.16. The trade was a 23.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 22.73% of the company's stock.

Wall Street Analyst Weigh In

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

Kennedy-Wilson Stock Performance

Shares of KW stock traded up $0.01 during mid-day trading on Friday, reaching $6.16. The stock had a trading volume of 1,407,292 shares, compared to its average volume of 699,533. The firm has a market cap of $1.05 billion, a PE ratio of -2.39, a P/E/G 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. Kennedy-Wilson Holdings, Inc. has a one year low of $6.09 and a one year high of $11.88. The firm's 50 day simple moving average is $7.73 and its 200 day simple moving average is $9.30.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its 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 the consensus estimate of $227.14 million. Kennedy-Wilson had a negative return on equity of 14.09% and a negative net margin of 58.56%. On average, analysts forecast that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date is Monday, June 30th. Kennedy-Wilson's dividend payout ratio is -85.71%.

About Kennedy-Wilson

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.