ExodusPoint Capital Management LP Has $409,000 Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

ExodusPoint Capital Management LP cut its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 81.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,895 shares of the financial services provider's stock after selling 182,433 shares during the quarter. ExodusPoint Capital Management LP's holdings in Kennedy-Wilson were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of KW. Franklin Resources Inc. grew its stake in Kennedy-Wilson by 68.7% during the 4th quarter. Franklin Resources Inc. now owns 74,664 shares of the financial services provider's stock worth $746,000 after purchasing an additional 30,409 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Kennedy-Wilson during the fourth quarter worth approximately $344,000. Norges Bank acquired a new stake in Kennedy-Wilson in the fourth quarter valued at approximately $1,681,000. JPMorgan Chase & Co. increased its position in shares of Kennedy-Wilson by 31.3% in the 4th quarter. JPMorgan Chase & Co. now owns 389,018 shares of the financial services provider's stock valued at $3,886,000 after purchasing an additional 92,736 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Kennedy-Wilson in the 4th quarter valued at $134,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Insider Buying and Selling at Kennedy-Wilson

In other Kennedy-Wilson news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the sale, the director now owns 98,318 shares in the company, valued at $847,501.16. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stanley R. Zax acquired 41,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $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. 22.73% of the stock is owned by insiders.

Kennedy-Wilson Price Performance

Shares of KW traded up $0.13 during mid-day trading on Friday, reaching $6.79. 864,082 shares of the company's stock were exchanged, compared to its average volume of 701,668. The company has a 50-day simple moving average of $8.50 and a two-hundred day simple moving average of $9.75. The company has a market cap of $936.94 million, a price-to-earnings ratio of -2.63, a PEG 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 52-week low of $6.34 and a 52-week high of $11.88.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 31st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date of this dividend was Monday, March 31st. Kennedy-Wilson's payout ratio is currently -85.71%.

Analysts Set New Price Targets

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

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.