Vanguard Group Inc. Sells 341,845 Shares of Kennedy-Wilson Holdings Inc. $KW

Vanguard Group Inc. reduced its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,872,098 shares of the financial services provider’s stock after selling 341,845 shares during the period. Vanguard Group Inc. owned 0.12% of Kennedy-Wilson worth $153,483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp bought a new position in shares of Kennedy-Wilson in the 4th quarter valued at approximately $8,961,000. Cannon Global Investment Management LLC acquired a new stake in Kennedy-Wilson in the 4th quarter worth approximately $266,000. Aberdeen Group plc boosted its position in Kennedy-Wilson by 4.9% during the fourth quarter. Aberdeen Group plc now owns 42,759 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 1,980 shares during the period. SG Americas Securities LLC grew its holdings in Kennedy-Wilson by 11.2% during the fourth quarter. SG Americas Securities LLC now owns 68,589 shares of the financial services provider’s stock valued at $663,000 after purchasing an additional 6,885 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Kennedy-Wilson by 37.8% during the fourth quarter. GAMMA Investing LLC now owns 14,660 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 4,024 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Ratings Changes

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

Kennedy-Wilson Stock Performance

Shares of NYSE KW opened at $11.03 on Tuesday. Kennedy-Wilson Holdings Inc. has a 12 month low of $5.98 and a 12 month high of $11.09. The company has a market cap of $1.54 billion, a P/E ratio of 100.24 and a beta of 0.88. The business’s 50 day moving average is $10.89 and its two-hundred day moving average is $10.09. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 6.26.

Kennedy-Wilson (NYSE:KW) last issued its quarterly 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 firm had revenue of $117.20 million during the quarter, compared to the consensus estimate of $91.69 million. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%.

Kennedy-Wilson Announces Dividend

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