Schonfeld Strategic Advisors LLC Cuts Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Schonfeld Strategic Advisors LLC lowered its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 66.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,560 shares of the financial services provider's stock after selling 55,570 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Kennedy-Wilson were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in shares of Kennedy-Wilson by 18.2% during the fourth quarter. Northern Trust Corp now owns 1,572,013 shares of the financial services provider's stock worth $15,704,000 after purchasing an additional 241,943 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of Kennedy-Wilson by 33.5% during the fourth quarter. Tudor Investment Corp ET AL now owns 220,215 shares of the financial services provider's stock worth $2,200,000 after purchasing an additional 55,217 shares during the period. Syon Capital LLC lifted its holdings in shares of Kennedy-Wilson by 19.5% during the fourth quarter. Syon Capital LLC now owns 22,867 shares of the financial services provider's stock worth $228,000 after purchasing an additional 3,737 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Kennedy-Wilson by 7.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 96,218 shares of the financial services provider's stock worth $962,000 after purchasing an additional 6,902 shares during the period. Finally, Natixis acquired a new position in shares of Kennedy-Wilson during the fourth quarter worth $457,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Kennedy-Wilson Stock Up 4.3%

Shares of NYSE KW traded up $0.28 during mid-day trading on Friday, reaching $6.68. 1,820,237 shares of the company's stock traded hands, compared to its average volume of 695,537. The stock has a market cap of $923.11 million, a P/E ratio of -2.59, a PEG ratio of 0.54 and a beta of 1.07. The business has a 50-day simple moving average of $7.34 and a 200 day simple moving average of $9.08. Kennedy-Wilson Holdings, Inc. has a 1-year low of $6.09 and a 1-year high of $11.88. 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 released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $227.14 million. On average, analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date is Monday, June 30th. Kennedy-Wilson's payout ratio is -45.71%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax purchased 41,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were bought at an average price of $8.56 per share, with a total value of $350,960.00. Following the completion of the transaction, the director now directly owns 547,400 shares in the company, valued at approximately $4,685,744. This trade represents a 8.10% increase in their position. The transaction was disclosed in a legal 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 that occurred 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 in the company, valued at $847,501.16. This trade represents a 23.38% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 20.30% of the company's 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.