Northern Trust Corp Grows Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Northern Trust Corp boosted its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 1.14% of Kennedy-Wilson worth $15,704,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the transaction, the director now owns 98,318 shares in the company, valued at $847,501.16. This trade represents a 23.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William J. Mcmorrow purchased 200,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $6.36 per share, with a total value of $1,272,000.00. Following the completion of the purchase, the chief executive officer now owns 8,049,517 shares in the company, valued at $51,194,928.12. This represents a 2.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 20.30% of the company's stock.

Kennedy-Wilson Price Performance

Shares of Kennedy-Wilson stock traded up $0.03 during trading on Monday, hitting $6.71. 398,055 shares of the company were exchanged, compared to its average volume of 694,492. The firm has a 50 day moving average price of $7.34 and a 200 day moving average price of $9.08. 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 market capitalization of $927.25 million, a price-to-earnings ratio of -2.60, a P/E/G ratio of 0.54 and a beta of 1.07. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $6.09 and a fifty-two week high of $11.88.

Kennedy-Wilson (NYSE:KW - Get Free Report) last issued its 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). The business had revenue of $128.30 million for the quarter, compared to the consensus estimate of $227.14 million. Kennedy-Wilson had a negative return on equity of 14.09% and a negative net margin of 58.56%. On average, equities analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.87 earnings per share for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 7.16%. Kennedy-Wilson's payout ratio is presently -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.