Tudor Investment Corp ET AL Boosts Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Tudor Investment Corp ET AL increased its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW - Free Report) by 33.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,215 shares of the financial services provider's stock after purchasing an additional 55,217 shares during the quarter. Tudor Investment Corp ET AL owned 0.16% of Kennedy-Wilson worth $2,200,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of KW. Alberta Investment Management Corp lifted its stake in shares of Kennedy-Wilson by 17.5% in the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider's stock valued at $26,477,000 after buying an additional 395,000 shares during the period. Royce & Associates LP increased its position in Kennedy-Wilson by 3.6% in the 4th quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider's stock valued at $92,903,000 after acquiring an additional 325,737 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Kennedy-Wilson during the 4th quarter worth $2,801,000. JPMorgan Chase & Co. increased its stake in shares of Kennedy-Wilson by 183.5% in the 3rd 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. Finally, Norges Bank bought a new stake in shares of Kennedy-Wilson during the fourth quarter worth approximately $1,681,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kennedy-Wilson

In related 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 transaction of $258,600.00. Following the completion of the transaction, the director now directly owns 98,318 shares of the company's stock, valued at $847,501.16. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stanley R. Zax bought 41,000 shares of Kennedy-Wilson stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of $8.56 per share, with a total value of $350,960.00. Following the acquisition, the director now owns 547,400 shares in the company, valued at approximately $4,685,744. This 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 Price Performance

KW traded up $0.03 on Tuesday, reaching $6.57. The stock had a trading volume of 846,436 shares, compared to its average volume of 690,216. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.54, a price-to-earnings-growth ratio of 0.54 and a beta of 1.07. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $11.88. The firm has a 50-day moving average of $7.92 and a 200-day moving average of $9.37. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were paid a $0.12 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 7.31%. Kennedy-Wilson's dividend payout ratio is presently -85.71%.

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 objective for the company.

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.