JPMorgan Chase & Co. Buys 92,736 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

JPMorgan Chase & Co. increased its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 389,018 shares of the financial services provider's stock after purchasing an additional 92,736 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.28% of Kennedy-Wilson worth $3,886,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in Kennedy-Wilson by 181.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider's stock worth $58,000 after buying an additional 3,755 shares during the last quarter. KBC Group NV increased 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 worth $76,000 after acquiring an additional 2,748 shares during the last quarter. Cibc World Markets Corp bought a new stake in Kennedy-Wilson in the 4th quarter valued at about $106,000. Fox Run Management L.L.C. purchased a new stake in Kennedy-Wilson during the fourth quarter valued at about $134,000. Finally, Los Angeles Capital Management LLC boosted its position in Kennedy-Wilson by 39.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider's stock worth $146,000 after purchasing an additional 4,124 shares during the period. 87.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

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 Stock Performance

Shares of NYSE:KW traded down $0.08 during midday trading on Friday, reaching $6.35. 276,494 shares of the company traded hands, compared to its average volume of 693,264. The firm's fifty day moving average price is $8.26 and its two-hundred day moving average price is $9.59. The firm has a market capitalization of $875.66 million, a price-to-earnings ratio of -2.46, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98. 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 12 month low of $6.13 and a 12 month high of $11.88.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend was Monday, March 31st. Kennedy-Wilson's dividend payout ratio is presently -85.71%.

Insider Transactions at Kennedy-Wilson

In related news, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the sale, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. This trade represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 acquired at an average cost of $8.56 per share, with a total value of $350,960.00. Following the purchase, the director now directly owns 547,400 shares of the company's stock, valued at $4,685,744. This trade represents a 8.10 % increase in their position. The disclosure for this purchase can be found here. Insiders own 22.73% of the company's stock.

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.