Cibc World Markets Corp Takes $106,000 Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Cibc World Markets Corp bought a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,641 shares of the financial services provider’s stock, valued at approximately $106,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Royce & Associates LP increased its position in Kennedy-Wilson by 3.6% during the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider’s stock valued at $92,903,000 after acquiring an additional 325,737 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Kennedy-Wilson by 70.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,304 shares of the financial services provider’s stock worth $902,000 after purchasing an additional 37,437 shares during the period. Amundi grew its holdings in Kennedy-Wilson by 43.5% during the 4th quarter. Amundi now owns 117,578 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 35,633 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Kennedy-Wilson in the 4th quarter worth about $2,801,000. Finally, Proficio Capital Partners LLC bought a new stake in Kennedy-Wilson in the fourth quarter worth about $370,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on KW shares. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a “hold” rating and a $9.00 target price on the stock.

Kennedy-Wilson Price Performance

Shares of KW stock opened at $8.74 on Friday. The company’s 50-day simple moving average is $9.10 and its two-hundred day simple moving average is $10.17. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a one year low of $8.02 and a one year high of $11.88. The company has a market capitalization of $1.21 billion, a P/E ratio of -3.39, a P/E/G ratio of 0.54 and a beta of 1.14.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 5.49%. Kennedy-Wilson’s payout ratio is currently -85.71%.

Insider Buying and Selling at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax acquired 41,000 shares of Kennedy-Wilson stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of $8.56 per share, with a total value of $350,960.00. Following the completion of the purchase, the director now directly owns 547,400 shares of the company’s stock, valued at approximately $4,685,744. This represents a 8.10 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction on 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 in the company, valued at $847,501.16. This trade represents a 23.38 % decrease in their position. The disclosure for this sale can be found here. 22.73% of the stock is currently owned by corporate insiders.

About Kennedy-Wilson

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.