Kennedy-Wilson Holdings Inc. (KW) Shares Bought by BlackRock Inc.

BlackRock Inc. increased its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 39,149.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,261,152 shares of the financial services provider’s stock after buying an additional 6,245,200 shares during the period. BlackRock Inc. owned 5.45% of Kennedy-Wilson Holdings worth $138,997,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. BB&T Securities LLC boosted its position in shares of Kennedy-Wilson Holdings by 0.7% in the first quarter. BB&T Securities LLC now owns 57,236 shares of the financial services provider’s stock worth $1,270,000 after buying an additional 392 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Kennedy-Wilson Holdings by 1.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 34,580 shares of the financial services provider’s stock worth $768,000 after buying an additional 400 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Kennedy-Wilson Holdings by 2.2% in the first quarter. Trust Co. of Vermont now owns 25,250 shares of the financial services provider’s stock worth $560,000 after buying an additional 550 shares during the last quarter. Orinda Asset Management LLC boosted its position in shares of Kennedy-Wilson Holdings by 1.1% in the first quarter. Orinda Asset Management LLC now owns 129,876 shares of the financial services provider’s stock worth $2,883,000 after buying an additional 1,376 shares during the last quarter. Finally, Old West Investment Management LLC boosted its position in shares of Kennedy-Wilson Holdings by 5.9% in the first quarter. Old West Investment Management LLC now owns 25,269 shares of the financial services provider’s stock worth $560,000 after buying an additional 1,405 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) opened at 19.70 on Friday. The stock’s 50 day moving average is $19.47 and its 200-day moving average is $20.44. Kennedy-Wilson Holdings Inc. has a one year low of $17.95 and a one year high of $23.77. The stock has a market capitalization of $2.25 billion, a P/E ratio of 104.23 and a beta of 1.36.

Kennedy-Wilson Holdings (NYSE:KW) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. Kennedy-Wilson Holdings had a net margin of 3.13% and a return on equity of 2.28%. The company had revenue of $177.80 million during the quarter, compared to analyst estimates of $178.55 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts expect that Kennedy-Wilson Holdings Inc. will post ($0.23) EPS for the current year.

TRADEMARK VIOLATION WARNING: This news story was posted by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://transcriptdaily.com/2017/08/13/blackrock-inc-raises-position-in-kennedy-wilson-holdings-inc-kw-updated-updated.html.

A number of equities analysts have issued reports on KW shares. Deutsche Bank AG cut shares of Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research report on Tuesday, April 25th. JMP Securities cut shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. BTIG Research restated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson Holdings in a research report on Thursday, June 15th. Finally, BidaskClub downgraded shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.50.

About Kennedy-Wilson Holdings

Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.

Institutional Ownership by Quarter for Kennedy-Wilson Holdings (NYSE:KW)

Receive News & Ratings for Kennedy-Wilson Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennedy-Wilson Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply