TT Capital Management LLC Makes New $513,000 Investment in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

TT Capital Management LLC purchased a new position in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,386 shares of the financial services provider's stock, valued at approximately $513,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC grew its position in shares of Kennedy-Wilson by 822.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 3,248 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Kennedy-Wilson during the 4th quarter valued at approximately $2,801,000. Legal & General Group Plc grew its holdings in shares of Kennedy-Wilson by 0.3% in the fourth quarter. Legal & General Group Plc now owns 727,693 shares of the financial services provider's stock valued at $7,270,000 after purchasing an additional 2,105 shares in the last quarter. Invesco Ltd. raised its stake in Kennedy-Wilson by 10.3% during the fourth quarter. Invesco Ltd. now owns 859,035 shares of the financial services provider's stock valued at $8,582,000 after purchasing an additional 79,907 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Kennedy-Wilson by 41.6% during the fourth quarter. Russell Investments Group Ltd. now owns 194,948 shares of the financial services provider's stock valued at $1,948,000 after purchasing an additional 57,248 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Kennedy-Wilson Trading Up 1.9 %

Shares of KW traded up $0.13 during midday trading on Friday, hitting $6.79. The stock had a trading volume of 864,082 shares, compared to its average volume of 701,668. The firm has a market cap of $936.94 million, a PE ratio of -2.63, a price-to-earnings-growth ratio of 0.54 and a beta of 0.98. Kennedy-Wilson Holdings, Inc. has a 1 year low of $6.34 and a 1 year high of $11.88. The stock's 50 day moving average is $8.50 and its 200 day moving average is $9.75. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 7.07%. Kennedy-Wilson's payout ratio is -85.71%.

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 stock was purchased at an average price of $8.56 per share, with a total value of $350,960.00. Following the transaction, the director now owns 547,400 shares of the company's stock, valued at approximately $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction dated Friday, March 14th. The shares were 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. The trade was 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 currently owned by corporate insiders.

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.