Invesco Ltd. Increases Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Invesco Ltd. lifted its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 859,035 shares of the financial services provider's stock after acquiring an additional 79,907 shares during the quarter. Invesco Ltd. owned approximately 0.63% of Kennedy-Wilson worth $8,582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Kennedy-Wilson by 265.2% in the 3rd quarter. Barclays PLC now owns 192,837 shares of the financial services provider's stock worth $2,130,000 after acquiring an additional 140,039 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kennedy-Wilson by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,859,103 shares of the financial services provider's stock worth $31,599,000 after acquiring an additional 20,500 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Kennedy-Wilson by 183.5% during the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider's stock worth $3,274,000 after acquiring an additional 191,790 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Kennedy-Wilson by 22.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider's stock worth $7,503,000 after acquiring an additional 135,559 shares in the last quarter. Finally, KBC Group NV boosted its stake in Kennedy-Wilson by 56.3% during the fourth quarter. KBC Group NV now owns 7,632 shares of the financial services provider's stock worth $76,000 after acquiring an additional 2,748 shares in the last quarter. Institutional investors own 87.72% of the company's stock.

Insider Transactions at Kennedy-Wilson

In related news, Director Stanley R. Zax acquired 41,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average cost of $8.56 per share, with a total value of $350,960.00. Following the completion of the acquisition, the director now directly owns 547,400 shares of the company's stock, valued at approximately $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cathy Hendrickson sold 30,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly owns 98,318 shares of the company's stock, valued at $847,501.16. The trade was a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 22.73% of the company's stock.

Wall Street Analyst Weigh In

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

Kennedy-Wilson Stock Down 2.5 %

Shares of NYSE KW traded down $0.17 during midday trading on Tuesday, hitting $6.41. The stock had a trading volume of 46,233 shares, compared to its average volume of 692,870. The business's 50 day moving average is $8.17 and its 200-day moving average is $9.52. The company has a market cap of $883.94 million, a P/E ratio of -2.49, a PEG ratio of 0.54 and a beta of 0.98. Kennedy-Wilson Holdings, Inc. has a 52 week low of $6.13 and a 52 week high of $11.88. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were paid a $0.12 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 7.49%. Kennedy-Wilson's dividend payout ratio is presently -85.71%.

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.