Nisa Investment Advisors LLC Increases Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Nisa Investment Advisors LLC increased its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KWGet Rating) by 15.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,430 shares of the financial services provider’s stock after purchasing an additional 720 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kennedy-Wilson were worth $103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KW. Allworth Financial LP purchased a new position in shares of Kennedy-Wilson during the 1st quarter worth approximately $25,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Kennedy-Wilson by 47.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,466 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 473 shares during the period. First Horizon Advisors Inc. grew its position in Kennedy-Wilson by 4,484.0% during the second quarter. First Horizon Advisors Inc. now owns 3,438 shares of the financial services provider’s stock worth $65,000 after buying an additional 3,363 shares during the period. National Bank of Canada FI purchased a new position in Kennedy-Wilson in the second quarter valued at about $76,000. Finally, Ellevest Inc. grew its holdings in shares of Kennedy-Wilson by 45.3% in the 2nd quarter. Ellevest Inc. now owns 5,005 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 1,560 shares during the period. 80.12% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Mary Ricks sold 62,357 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $19.05, for a total value of $1,187,900.85. Following the completion of the sale, the president now directly owns 2,031,929 shares in the company, valued at $38,708,247.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Stanley R. Zax bought 35,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was acquired at an average price of $18.15 per share, for a total transaction of $635,250.00. Following the acquisition, the director now owns 458,800 shares of the company’s stock, valued at $8,327,220. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Mary Ricks sold 62,357 shares of Kennedy-Wilson stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $19.05, for a total transaction of $1,187,900.85. Following the transaction, the president now directly owns 2,031,929 shares in the company, valued at $38,708,247.45. The disclosure for this sale can be found here. 21.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KW has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on shares of Kennedy-Wilson from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Kennedy-Wilson from $26.00 to $21.00 in a report on Wednesday, September 28th. Finally, StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Sunday.

Kennedy-Wilson Stock Up 0.9 %

Shares of NYSE KW opened at $16.36 on Tuesday. The firm’s 50 day moving average price is $16.41 and its 200 day moving average price is $18.86. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $2.25 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 3.93 and a beta of 1.12. Kennedy-Wilson Holdings, Inc. has a 1 year low of $13.97 and a 1 year high of $25.30.

Kennedy-Wilson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Friday, December 30th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.96 annualized dividend and a yield of 5.87%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 171.43%.

About Kennedy-Wilson

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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.

See Also

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

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