Kennedy-Wilson Holdings Inc (KW) Position Trimmed by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC reduced its position in Kennedy-Wilson Holdings Inc (NYSE:KW) by 20.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,332,705 shares of the financial services provider’s stock after selling 343,765 shares during the period. Kennedy-Wilson comprises approximately 1.3% of Keeley Teton Advisors LLC’s holdings, making the stock its 20th largest position. Keeley Teton Advisors LLC owned approximately 0.88% of Kennedy-Wilson worth $24,722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KW. SG Americas Securities LLC purchased a new position in Kennedy-Wilson in the 3rd quarter worth approximately $129,000. Prudential Financial Inc. raised its holdings in Kennedy-Wilson by 3.9% in the 2nd quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock worth $192,000 after acquiring an additional 380 shares during the last quarter. Amalgamated Bank raised its stake in Kennedy-Wilson by 3.7% during the 2nd quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after buying an additional 377 shares during the last quarter. Principal Financial Group Inc. raised its stake in Kennedy-Wilson by 2.5% during the 2nd quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after buying an additional 272 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Kennedy-Wilson by 528.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock valued at $210,000 after buying an additional 9,282 shares during the last quarter. Institutional investors own 66.57% of the company’s stock.

In other news, Director Stanley R. Zax bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average price of $19.18 per share, with a total value of $959,000.00. Following the acquisition, the director now owns 300,300 shares of the company’s stock, valued at approximately $5,759,754. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 17.07% of the company’s stock.

KW has been the subject of a number of research reports. BTIG Research reiterated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a research note on Tuesday, October 17th. Deutsche Bank reiterated a “hold” rating and set a $23.00 target price on shares of Kennedy-Wilson in a research note on Monday, October 30th. ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, BidaskClub lowered Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.33.

Kennedy-Wilson Holdings Inc (NYSE:KW) traded down $0.30 during trading hours on Wednesday, hitting $19.05. The stock had a trading volume of 1,471,400 shares, compared to its average volume of 800,572. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74. The stock has a market cap of $2,930.44, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 6.91 and a beta of 1.37. Kennedy-Wilson Holdings Inc has a 52-week low of $17.95 and a 52-week high of $22.65.

Kennedy-Wilson (NYSE:KW) last issued its earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.15. The company had revenue of $277.20 million during the quarter, compared to the consensus estimate of $177.89 million. Kennedy-Wilson had a net margin of 1.94% and a return on equity of 2.04%. Kennedy-Wilson’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS. research analysts anticipate that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 29th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.76 annualized dividend and a yield of 3.99%. This is an increase from Kennedy-Wilson’s previous quarterly dividend of $0.17. Kennedy-Wilson’s dividend payout ratio is currently 523.12%.

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Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.

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Institutional Ownership by Quarter for Kennedy-Wilson (NYSE:KW)

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