UBS Group AG Has $4.12 Million Holdings in Kennedy-Wilson Holdings Inc. $KW

UBS Group AG lessened its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 69.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 425,757 shares of the financial services provider’s stock after selling 964,852 shares during the period. UBS Group AG’s holdings in Kennedy-Wilson were worth $4,117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming acquired a new stake in Kennedy-Wilson during the 2nd quarter worth about $58,000. Advisory Services Network LLC acquired a new stake in Kennedy-Wilson during the 3rd quarter worth about $71,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Kennedy-Wilson in the 3rd quarter valued at about $86,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Kennedy-Wilson in the 3rd quarter valued at about $88,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Kennedy-Wilson by 305.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,559 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 10,215 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kennedy-Wilson Price Performance

Shares of KW opened at $10.99 on Friday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 99.87 and a beta of 0.88. Kennedy-Wilson Holdings Inc. has a fifty-two week low of $6.00 and a fifty-two week high of $11.09. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50-day moving average is $10.92 and its 200-day moving average is $10.27.

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

Kennedy-Wilson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 11th will be issued a $0.12 dividend. The ex-dividend date is Thursday, June 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.4%. Kennedy-Wilson’s dividend payout ratio is currently 436.36%.

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.