Vanguard Group Inc. Sells 103,189 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Vanguard Group Inc. cut its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,305,092 shares of the financial services provider’s stock after selling 103,189 shares during the quarter. Vanguard Group Inc. owned about 0.13% of Kennedy-Wilson worth $172,878,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Kennedy-Wilson by 7.9% in the third quarter. FMR LLC now owns 16,198 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 1,182 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kennedy-Wilson by 4.9% in the 3rd 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 valued at $9,976,000 after buying an additional 41,918 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Kennedy-Wilson by 13.3% in the 3rd quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,686 shares during the period. Jane Street Group LLC lifted its position in Kennedy-Wilson by 2.1% during the third quarter. Jane Street Group LLC now owns 265,217 shares of the financial services provider’s stock worth $2,931,000 after acquiring an additional 5,477 shares during the last quarter. Finally, Zacks Investment Management lifted its position in Kennedy-Wilson by 6.2% during the third quarter. Zacks Investment Management now owns 429,417 shares of the financial services provider’s stock worth $4,745,000 after acquiring an additional 25,172 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Insider Transactions at Kennedy-Wilson

In related news, Director Stanley R. Zax bought 41,000 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 19th. The shares were bought at an average cost of $8.56 per share, with a total value of $350,960.00. Following the acquisition, the director now owns 547,400 shares in the company, valued at $4,685,744. This trade represents a 8.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Cathy Hendrickson sold 30,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the transaction, the director now owns 98,318 shares in the company, valued at $847,501.16. The trade was 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 Trading Down 3.5 %

Shares of Kennedy-Wilson stock opened at $7.65 on Monday. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50-day moving average of $9.00 and a 200-day moving average of $10.04. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.51 and a 52-week high of $11.88. The stock has a market cap of $1.06 billion, a PE ratio of -2.96, a PEG ratio of 0.54 and a beta of 0.98.

Kennedy-Wilson Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.