Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Acquired by Raymond James & Associates

Raymond James & Associates raised its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KWFree Report) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,697 shares of the financial services provider’s stock after acquiring an additional 4,505 shares during the quarter. Raymond James & Associates’ holdings in Kennedy-Wilson were worth $791,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Kennedy-Wilson by 80.8% in the first quarter. BlackRock Inc. now owns 21,516,531 shares of the financial services provider’s stock valued at $356,959,000 after purchasing an additional 9,617,307 shares during the last quarter. State Street Corp increased its holdings in shares of Kennedy-Wilson by 48.4% in the first quarter. State Street Corp now owns 7,247,244 shares of the financial services provider’s stock valued at $121,891,000 after purchasing an additional 2,365,203 shares during the last quarter. Norges Bank acquired a new stake in shares of Kennedy-Wilson in the fourth quarter valued at approximately $16,017,000. Invesco Ltd. increased its holdings in shares of Kennedy-Wilson by 353.2% in the first quarter. Invesco Ltd. now owns 1,285,675 shares of the financial services provider’s stock valued at $31,357,000 after purchasing an additional 1,002,004 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Kennedy-Wilson by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,515,462 shares of the financial services provider’s stock valued at $106,397,000 after purchasing an additional 917,831 shares during the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on KW. Bank of America cut Kennedy-Wilson from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $18.00 to $6.00 in a research note on Tuesday, November 7th. JPMorgan Chase & Co. cut their target price on Kennedy-Wilson from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Finally, StockNews.com cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd.

Get Our Latest Research Report on KW

Insider Transactions at Kennedy-Wilson

In other news, CEO William J. Mcmorrow purchased 100,000 shares of the stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $12.32 per share, for a total transaction of $1,232,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,599,517 shares in the company, valued at approximately $105,946,049.44. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 23.70% of the company’s stock.

Kennedy-Wilson Trading Down 0.9 %

KW opened at $10.96 on Wednesday. Kennedy-Wilson Holdings, Inc. has a 52 week low of $10.66 and a 52 week high of $18.90. The business has a fifty day simple moving average of $11.85 and a 200-day simple moving average of $13.79. The firm has a market cap of $1.53 billion, a P/E ratio of -21.07 and a beta of 1.12. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 4.16.

Kennedy-Wilson (NYSE:KWGet Free Report) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.77). Kennedy-Wilson had a positive return on equity of 2.98% and a negative net margin of 7.92%. The firm had revenue of $141.30 million for the quarter. On average, equities analysts expect that Kennedy-Wilson Holdings, Inc. will post 0.19 earnings per share for the current year.

Kennedy-Wilson Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding KW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kennedy-Wilson Holdings, Inc. (NYSE:KWFree Report).

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

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