Cerity Partners LLC Sells 37,629 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Cerity Partners LLC reduced its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 47.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,369 shares of the financial services provider’s stock after selling 37,629 shares during the period. Cerity Partners LLC’s holdings in Kennedy-Wilson were worth $468,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in 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 period. KBC Group NV raised its stake in Kennedy-Wilson by 56.3% during the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider’s stock worth $76,000 after buying an additional 2,748 shares during the period. Cibc World Markets Corp bought a new position in Kennedy-Wilson during the fourth quarter worth about $106,000. Fox Run Management L.L.C. bought a new position in Kennedy-Wilson during the fourth quarter worth about $134,000. Finally, Los Angeles Capital Management LLC grew its stake in Kennedy-Wilson by 39.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider’s stock valued at $146,000 after acquiring an additional 4,124 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Stock Down 6.5 %

Shares of KW stock opened at $6.35 on Tuesday. The company has a market capitalization of $876.35 million, a price-to-earnings ratio of -2.46, a P/E/G ratio of 0.54 and a beta of 0.98. Kennedy-Wilson Holdings, Inc. has a 12-month low of $6.28 and a 12-month high of $11.88. The firm has a fifty day moving average of $8.41 and a 200-day moving average of $9.67. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend was Monday, March 31st. Kennedy-Wilson’s dividend payout ratio is -85.71%.

Analysts Set New Price Targets

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

Insider Activity

In other Kennedy-Wilson news, 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 acquired 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 in the company, valued at approximately $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the business’s stock in a transaction dated 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 directly owns 98,318 shares in the company, valued at $847,501.16. This trade represents a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.73% of the company’s 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.