Bowling Portfolio Management LLC trimmed its holdings in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 38.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,338 shares of the financial services provider’s stock after selling 23,032 shares during the quarter. Bowling Portfolio Management LLC’s holdings in Kennedy-Wilson were worth $810,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in KW. Squarepoint Ops LLC increased its holdings in Kennedy-Wilson by 58.8% in the 3rd quarter. Squarepoint Ops LLC now owns 151,464 shares of the financial services provider’s stock valued at $3,320,000 after buying an additional 56,056 shares during the period. Voloridge Investment Management LLC bought a new position in Kennedy-Wilson in the 3rd quarter valued at about $421,000. Point72 Asset Management L.P. increased its holdings in Kennedy-Wilson by 148.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 9,191 shares of the financial services provider’s stock valued at $201,000 after buying an additional 5,491 shares during the period. California State Teachers Retirement System increased its holdings in Kennedy-Wilson by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 191,235 shares of the financial services provider’s stock valued at $4,192,000 after buying an additional 2,284 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in Kennedy-Wilson by 11.1% in the 3rd quarter. Pictet Asset Management Ltd. now owns 25,100 shares of the financial services provider’s stock valued at $550,000 after buying an additional 2,500 shares during the period. 81.14% of the stock is currently owned by institutional investors and hedge funds.
KW stock opened at $22.78 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 4.02. Kennedy-Wilson Holdings Inc has a 12 month low of $18.67 and a 12 month high of $23.50. The firm has a market cap of $3.23 billion, a P/E ratio of 13.40 and a beta of 1.08. The company’s 50-day moving average price is $22.41 and its two-hundred day moving average price is $21.90.
Kennedy-Wilson (NYSE:KW) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.19). Kennedy-Wilson had a net margin of 15.99% and a return on equity of 18.10%. The firm had revenue of $143.00 million during the quarter, compared to the consensus estimate of $166.20 million. During the same period in the prior year, the business earned $0.52 earnings per share. Kennedy-Wilson’s quarterly revenue was down 23.0% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 27th were issued a $0.22 dividend. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.86%. The ex-dividend date was Thursday, December 26th.
In other Kennedy-Wilson news, Director Cathy Hendrickson sold 10,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $22.22, for a total value of $233,310.00. Following the transaction, the director now directly owns 55,218 shares of the company’s stock, valued at approximately $1,226,943.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 14.70% of the stock is owned by company insiders.
Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).
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