Rockefeller Capital Management L.P. Has $19 Million Stock Holdings in Kennedy-Wilson Holdings Inc. $KW

Rockefeller Capital Management L.P. grew its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 16.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,794,325 shares of the financial services provider’s stock after acquiring an additional 385,561 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Kennedy-Wilson were worth $19,001,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KW. Envestnet Asset Management Inc. lifted its position in shares of Kennedy-Wilson by 17.0% in the first quarter. Envestnet Asset Management Inc. now owns 109,895 shares of the financial services provider’s stock worth $954,000 after purchasing an additional 15,950 shares in the last quarter. Jennison Associates LLC increased its stake in Kennedy-Wilson by 15.6% in the 1st quarter. Jennison Associates LLC now owns 115,511 shares of the financial services provider’s stock valued at $1,003,000 after buying an additional 15,557 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in Kennedy-Wilson by 318.7% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 62,260 shares of the financial services provider’s stock worth $540,000 after buying an additional 47,390 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Kennedy-Wilson during the 1st quarter worth about $131,000. Finally, ACR Alpine Capital Research LLC acquired a new position in shares of Kennedy-Wilson during the 1st quarter worth about $985,000. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Stock Down 0.5%

KW stock opened at $9.49 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 5.73. The firm has a market capitalization of $1.31 billion, a PE ratio of -14.16, a PEG ratio of 2.37 and a beta of 1.16. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $11.78. The business’s 50 day simple moving average is $8.41 and its 200 day simple moving average is $7.66.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Wednesday, December 31st. Kennedy-Wilson’s payout ratio is currently -184.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KW. JPMorgan Chase & Co. lowered their target price on Kennedy-Wilson from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Wall Street Zen downgraded Kennedy-Wilson from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings downgraded shares of Kennedy-Wilson from a “hold (c-)” rating to a “sell (d)” rating in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $10.00.

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.