Raymond James Financial Inc. Purchases New Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Raymond James Financial Inc. bought a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 280,402 shares of the financial services provider's stock, valued at approximately $2,801,000. Raymond James Financial Inc. owned approximately 0.20% of Kennedy-Wilson at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royce & Associates LP boosted its holdings in shares of 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 worth $92,903,000 after purchasing an additional 325,737 shares during the period. Alberta Investment Management Corp grew its holdings in shares of Kennedy-Wilson by 17.5% during the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock valued at $26,477,000 after acquiring an additional 395,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kennedy-Wilson by 3.4% during the 4th 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 acquiring an additional 64,352 shares in the last quarter. Invesco Ltd. increased its stake in shares of 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 during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Kennedy-Wilson by 22.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider's stock worth $7,503,000 after acquiring an additional 135,559 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Kennedy-Wilson Stock Up 4.6 %

Shares of Kennedy-Wilson stock traded up $0.30 during midday trading on Friday, reaching $6.81. 749,192 shares of the company's stock traded hands, compared to its average volume of 691,897. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a 52 week low of $6.13 and a 52 week high of $11.88. The company's 50 day simple moving average is $7.97 and its 200 day simple moving average is $9.41. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -2.64, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98.

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 paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 7.05%. Kennedy-Wilson's dividend payout ratio (DPR) is presently -85.71%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Cathy Hendrickson sold 30,000 shares of the firm's 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 sale, the director now directly owns 98,318 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stanley R. Zax acquired 41,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the completion of 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. 22.73% of the stock is currently owned by insiders.

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.