Proficio Capital Partners LLC Acquires New Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Proficio Capital Partners LLC acquired a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 37,013 shares of the financial services provider’s stock, valued at approximately $370,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intech Investment Management LLC bought a new position in Kennedy-Wilson during the third quarter worth about $245,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Kennedy-Wilson by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock valued at $21,142,000 after buying an additional 53,185 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Kennedy-Wilson by 90.3% during the 3rd quarter. Cerity Partners LLC now owns 79,998 shares of the financial services provider’s stock valued at $884,000 after buying an additional 37,963 shares in the last quarter. FMR LLC boosted its holdings in Kennedy-Wilson by 7.9% in the 3rd quarter. FMR LLC now owns 16,198 shares of the financial services provider’s stock worth $179,000 after buying an additional 1,182 shares during the period. Finally, 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 in the last quarter. 87.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a research report on Monday, February 24th. They set a “hold” rating and a $9.00 target price on the stock. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Kennedy-Wilson Stock Performance

Kennedy-Wilson stock opened at $8.73 on Wednesday. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.90 and a 1-year high of $11.88. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a market capitalization of $1.20 billion, a PE ratio of -3.38, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The firm’s 50 day simple moving average is $9.10 and its 200 day simple moving average is $10.19.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 5.50%. Kennedy-Wilson’s payout ratio is currently -85.71%.

Insider Buying and Selling

In related news, Director Cathy Hendrickson sold 30,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 98,318 shares in the company, valued at approximately $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stanley R. Zax bought 41,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were bought at an average price of $8.56 per share, with a total value of $350,960.00. Following the completion of the transaction, the director now owns 547,400 shares of the company’s stock, valued at $4,685,744. The trade was a 8.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.73% of the stock is currently owned by company 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.