Sequoia Financial Advisors LLC Sells 5,678 Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW)

Sequoia Financial Advisors LLC cut its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 26.5% during the 1st quarter, Holdings Channel reports. The firm owned 15,770 shares of the financial services provider’s stock after selling 5,678 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kennedy-Wilson were worth $137,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC grew its stake in shares of Kennedy-Wilson by 822.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 3,248 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Kennedy-Wilson by 181.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 3,755 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Kennedy-Wilson in the fourth quarter worth about $106,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Kennedy-Wilson in the fourth quarter worth about $114,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Kennedy-Wilson in the fourth quarter worth about $134,000. 87.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO William J. Mcmorrow acquired 200,000 shares of the stock in a transaction on Thursday, May 15th. The stock was acquired at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the completion of the acquisition, the chief executive officer directly owned 8,049,517 shares of the company’s stock, valued at approximately $51,194,928.12. This represents a 2.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, June 6th.

Kennedy-Wilson Stock Performance

Shares of KW opened at $7.27 on Friday. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.05 and a quick ratio of 1.05. Kennedy-Wilson Holdings Inc. has a one year low of $5.98 and a one year high of $11.88. The company has a 50-day simple moving average of $6.57 and a two-hundred day simple moving average of $8.01. The firm has a market capitalization of $1.01 billion, a PE ratio of -6.92 and a beta of 1.07.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). Kennedy-Wilson had a positive return on equity of 7.76% and a negative net margin of 19.24%. The company had revenue of $128.30 million during the quarter, compared to analysts’ expectations of $227.14 million. On average, analysts anticipate that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th were issued a $0.12 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.48 annualized dividend and a yield of 6.60%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -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.