Prudential Financial Inc. Sells 23,773 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Prudential Financial Inc. cut its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,553 shares of the financial services provider’s stock after selling 23,773 shares during the quarter. Prudential Financial Inc.’s holdings in Kennedy-Wilson were worth $1,214,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Royce & Associates LP increased its holdings in shares of Kennedy-Wilson by 3.6% during the 4th 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. Geode Capital Management LLC boosted its position in Kennedy-Wilson by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,859,103 shares of the financial services provider’s stock worth $31,599,000 after purchasing an additional 20,500 shares during the period. Alberta Investment Management Corp grew its holdings in Kennedy-Wilson by 17.5% during the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock valued at $26,477,000 after purchasing an additional 395,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kennedy-Wilson by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider’s stock valued at $19,756,000 after purchasing an additional 64,352 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kennedy-Wilson by 4.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,840 shares of the financial services provider’s stock worth $9,976,000 after buying an additional 41,918 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Stock Performance

Shares of NYSE KW opened at $7.65 on Monday. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.51 and a 12 month high of $11.88. 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 cap of $1.06 billion, a P/E ratio of -2.96, a P/E/G ratio of 0.54 and a beta of 0.98. The business’s 50 day moving average is $9.00 and its two-hundred day moving average is $10.04.

Kennedy-Wilson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date was Monday, March 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -85.71%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They issued a “hold” rating and a $9.00 target price on the stock.

Insider Transactions at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax purchased 41,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were purchased at an average price of $8.56 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the completion of 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. Insiders own 22.73% of the company’s stock.

Kennedy-Wilson 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.