Kennedy-Wilson Holdings Inc. $KW Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,872,098 shares of the financial services provider’s stock after selling 341,845 shares during the period. Vanguard Group Inc. owned 11.51% of Kennedy-Wilson worth $153,483,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KW. SG Americas Securities LLC boosted its position in Kennedy-Wilson by 506.0% during the 3rd quarter. SG Americas Securities LLC now owns 61,704 shares of the financial services provider’s stock worth $513,000 after acquiring an additional 51,522 shares during the period. JPMorgan Chase & Co. lifted its position in Kennedy-Wilson by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 1,183,187 shares of the financial services provider’s stock worth $9,844,000 after purchasing an additional 124,492 shares during the period. Old West Investment Management LLC lifted its position in Kennedy-Wilson by 20.8% in the third quarter. Old West Investment Management LLC now owns 877,380 shares of the financial services provider’s stock worth $7,300,000 after purchasing an additional 150,950 shares during the period. M&T Bank Corp bought a new position in Kennedy-Wilson during the 4th quarter valued at $8,961,000. Finally, Sumitomo Mitsui Financial Group Inc. boosted its stake in Kennedy-Wilson by 916.0% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider’s stock valued at $21,601,000 after purchasing an additional 2,493,628 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Kennedy-Wilson Price Performance

Shares of NYSE:KW opened at $11.03 on Tuesday. Kennedy-Wilson Holdings Inc. has a one year low of $5.98 and a one year high of $11.09. The stock has a fifty day moving average of $10.89 and a 200-day moving average of $10.09. The company has a market capitalization of $1.54 billion, a PE ratio of 100.24 and a beta of 0.88. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.81 and a current ratio of 0.81.

Kennedy-Wilson (NYSE:KW) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.25. Kennedy-Wilson had a return on equity of 23.82% and a net margin of 12.08%.The company had revenue of $117.20 million for the quarter, compared to analyst estimates of $91.69 million.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 436.36%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kennedy-Wilson presently has an average rating of “Reduce” and an average target price of $11.00.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.