Northern Trust Corp Purchases 241,943 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Northern Trust Corp raised its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,572,013 shares of the financial services provider's stock after acquiring an additional 241,943 shares during the quarter. Northern Trust Corp owned about 1.14% of Kennedy-Wilson worth $15,704,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KW. Barclays PLC increased its stake in shares of Kennedy-Wilson by 265.2% in the third quarter. Barclays PLC now owns 192,837 shares of the financial services provider's stock worth $2,130,000 after purchasing an additional 140,039 shares during the period. JPMorgan Chase & Co. lifted its holdings in Kennedy-Wilson by 183.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider's stock valued at $3,274,000 after purchasing an additional 191,790 shares during the last quarter. KBC Group NV grew its holdings in shares of 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 purchasing an additional 2,748 shares during the last quarter. DAVENPORT & Co LLC bought a new position in shares of Kennedy-Wilson in the fourth quarter worth about $199,000. Finally, Jennison Associates LLC raised its stake in shares of Kennedy-Wilson by 47.1% in the fourth quarter. Jennison Associates LLC now owns 99,954 shares of the financial services provider's stock worth $999,000 after acquiring an additional 31,990 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Insider Activity

In other news, CEO William J. Mcmorrow purchased 200,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were bought at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,049,517 shares of the company's stock, valued at approximately $51,194,928.12. This trade represents a 2.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 approximately $847,501.16. This represents a 23.38% decrease in their position. The disclosure for this sale can be found here. Insiders own 20.30% 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 set a "hold" rating and a $9.00 price target on the stock.

Kennedy-Wilson Stock Down 0.1%

KW stock traded down $0.01 during midday trading on Tuesday, hitting $6.68. The company's stock had a trading volume of 47,982 shares, compared to its average volume of 694,851. Kennedy-Wilson Holdings, Inc. has a twelve month low of $6.09 and a twelve month high of $11.88. The stock has a market capitalization of $923.11 million, a P/E ratio of -2.58, a PEG ratio of 0.54 and a beta of 1.07. The company's fifty day moving average price is $7.29 and its 200 day moving average price is $9.05. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). Kennedy-Wilson had a negative return on equity of 14.09% and a negative net margin of 58.56%. The firm had revenue of $128.30 million for the quarter, compared to the consensus estimate of $227.14 million. As a group, equities research analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend is Monday, June 30th. Kennedy-Wilson's payout ratio is currently -45.71%.

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.