Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,218 shares of the financial services provider’s stock after purchasing an additional 6,902 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.07% of Kennedy-Wilson worth $962,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KW. Royce & Associates LP increased its stake in shares of Kennedy-Wilson by 3.6% in the 4th quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider’s stock worth $92,903,000 after acquiring an additional 325,737 shares during the last quarter. Alberta Investment Management Corp raised its stake 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 worth $26,477,000 after purchasing an additional 395,000 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Kennedy-Wilson by 3.4% in the 4th 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 last quarter. Invesco Ltd. grew its stake in shares of Kennedy-Wilson by 10.3% in the 4th quarter. Invesco Ltd. now owns 859,035 shares of the financial services provider’s stock valued at $8,582,000 after buying an additional 79,907 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Kennedy-Wilson by 0.3% during the 4th quarter. Legal & General Group Plc now owns 727,693 shares of the financial services provider’s stock valued at $7,270,000 after buying an additional 2,105 shares during the period. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a research report on Monday, February 24th. They issued a “hold” rating and a $9.00 price objective for the company.

Insider Buying and Selling at Kennedy-Wilson

In other news, Director Cathy Hendrickson sold 30,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $8.62, for a total transaction of $258,600.00. Following the sale, the director now owns 98,318 shares of the company’s stock, valued at approximately $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stanley R. Zax bought 41,000 shares of the firm’s 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 acquisition, the director now owns 547,400 shares of the company’s stock, valued at $4,685,744. This trade represents a 8.10 % increase in their position. The disclosure for this purchase can be found here. 20.30% of the stock is currently owned by corporate insiders.

Kennedy-Wilson Trading Up 0.2 %

Shares of KW stock opened at $6.16 on Friday. Kennedy-Wilson Holdings, Inc. has a 1-year low of $6.09 and a 1-year high of $11.88. The firm has a market cap of $1.05 billion, a PE ratio of -2.39, a price-to-earnings-growth ratio of 0.54 and a beta of 1.07. The company has a 50-day moving average of $7.66 and a two-hundred day moving average of $9.25. 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 (NYSE:KW) last posted its earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%. The company had revenue of $128.30 million during the quarter, compared to analyst estimates of $227.14 million. On average, analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.79%. The ex-dividend date of this dividend is Monday, June 30th. Kennedy-Wilson’s payout ratio is -45.71%.

Kennedy-Wilson Company 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.