Natixis purchased a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 45,727 shares of the financial services provider's stock, valued at approximately $457,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP grew its position in Kennedy-Wilson by 3.6% during the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider's stock valued at $92,903,000 after purchasing an additional 325,737 shares in the last quarter. Geode Capital Management LLC grew its position 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 valued at $31,599,000 after purchasing an additional 20,500 shares in the last quarter. Alberta Investment Management Corp grew its position in Kennedy-Wilson by 17.5% during the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock valued at $26,477,000 after purchasing an additional 395,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Kennedy-Wilson by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider's stock valued at $19,756,000 after purchasing an additional 64,352 shares in the last quarter. Finally, Invesco Ltd. grew its position in Kennedy-Wilson by 10.3% in the fourth quarter. Invesco Ltd. now owns 859,035 shares of the financial services provider's stock worth $8,582,000 after acquiring an additional 79,907 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They issued a "hold" rating and a $9.00 target price for the company.
Read Our Latest Analysis on Kennedy-Wilson
Insider Buying and Selling
In other news, Director Stanley R. Zax acquired 41,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average cost of $8.56 per share, with a total value of $350,960.00. Following the acquisition, the director now owns 547,400 shares in the company, valued at approximately $4,685,744. This represents a 8.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cathy Hendrickson sold 30,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was 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 of the company's stock, valued at approximately $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.73% of the stock is owned by insiders.
Kennedy-Wilson Stock Down 2.4 %
KW stock traded down $0.16 during trading hours on Wednesday, hitting $6.34. The company's stock had a trading volume of 82,835 shares, compared to its average volume of 693,216. 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 stock has a 50 day moving average price of $8.12 and a two-hundred day moving average price of $9.50. The company has a market capitalization of $874.28 million, a PE ratio of -2.45, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98. Kennedy-Wilson Holdings, Inc. has a 12 month low of $6.13 and a 12 month high of $11.88.
Kennedy-Wilson Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 31st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.58%. The ex-dividend date of this dividend was Monday, March 31st. Kennedy-Wilson's dividend payout ratio is currently -85.71%.
Kennedy-Wilson Company Profile
(
Free Report)
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.
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