Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 38.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,528 shares of the financial services provider’s stock after selling 84,617 shares during the period. Marshall Wace LLP owned 0.10% of Kennedy-Wilson worth $1,354,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in Kennedy-Wilson during the 4th quarter worth $151,000. Belpointe Asset Management LLC raised its position in Kennedy-Wilson by 10.2% during the 4th quarter. Belpointe Asset Management LLC now owns 35,056 shares of the financial services provider’s stock worth $350,000 after buying an additional 3,250 shares during the last quarter. Barclays PLC raised its position in Kennedy-Wilson by 7.4% during the 4th quarter. Barclays PLC now owns 207,160 shares of the financial services provider’s stock worth $2,070,000 after buying an additional 14,323 shares during the last quarter. TT Capital Management LLC purchased a new position in Kennedy-Wilson during the 4th quarter worth $513,000. Finally, Sterling Capital Management LLC increased its holdings in shares of Kennedy-Wilson by 822.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 3,248 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Insider Activity at Kennedy-Wilson

In related news, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the sale, the director now directly owns 98,318 shares of the company’s stock, valued at approximately $847,501.16. This represents a 23.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stanley R. Zax acquired 41,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the purchase, the director now owns 547,400 shares in the company, valued at $4,685,744. The trade was a 8.10 % increase in their position. The disclosure for this purchase can be found here. 22.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 price target for the company.

Kennedy-Wilson Stock Performance

Shares of KW opened at $6.56 on Tuesday. The company has a 50-day simple moving average of $8.17 and a 200-day simple moving average of $9.52. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The company has a market capitalization of $905.33 million, a PE ratio of -2.54, a P/E/G ratio of 0.54 and a beta of 0.98. Kennedy-Wilson Holdings, Inc. has a 52-week low of $6.13 and a 52-week high of $11.88.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors 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 dividend on an annualized basis and a yield of 7.32%. Kennedy-Wilson’s payout ratio is -85.71%.

Kennedy-Wilson Company Profile

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.