Oppenheimer Asset Management Inc. Makes New $191,000 Investment in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Oppenheimer Asset Management Inc. bought a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KWGet Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,062 shares of the financial services provider’s stock, valued at approximately $191,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its holdings in Kennedy-Wilson by 47.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,466 shares of the financial services provider’s stock worth $36,000 after buying an additional 473 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of 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 purchasing an additional 3,363 shares in the last quarter. National Bank of Canada FI acquired a new position in Kennedy-Wilson in the 2nd quarter valued at $76,000. Ellevest Inc. lifted its holdings in Kennedy-Wilson by 45.3% in the 2nd quarter. Ellevest Inc. now owns 5,005 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,560 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Kennedy-Wilson by 15.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,430 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 80.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KW. Evercore ISI reduced their target price on shares of Kennedy-Wilson to $21.00 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Kennedy-Wilson from $26.00 to $21.00 in a research note on Wednesday, September 28th. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Sunday, November 6th. Finally, JPMorgan Chase & Co. cut their price target on Kennedy-Wilson from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, November 3rd.

Kennedy-Wilson Trading Down 1.6 %

Shares of KW opened at $16.46 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 4.09. The firm has a 50-day moving average price of $16.21 and a 200 day moving average price of $18.55. Kennedy-Wilson Holdings, Inc. has a 12-month low of $13.97 and a 12-month high of $25.30. The firm has a market capitalization of $2.27 billion, a P/E ratio of 29.39, a P/E/G ratio of 4.76 and a beta of 1.12.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Friday, December 30th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend is Thursday, December 29th. Kennedy-Wilson’s dividend payout ratio is presently 171.43%.

Insider Buying and Selling

In related news, Director Stanley R. Zax bought 35,000 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were bought at an average price of $18.15 per share, with a total value of $635,250.00. Following the completion of the transaction, the director now directly owns 458,800 shares of the company’s stock, valued at approximately $8,327,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Stanley R. Zax bought 35,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were bought at an average price of $18.15 per share, with a total value of $635,250.00. Following the completion of the transaction, the director now directly owns 458,800 shares in the company, valued at $8,327,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Mary Ricks sold 62,357 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $19.05, for a total value of $1,187,900.85. Following the transaction, the president now 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 currently owned by company insiders.

Kennedy-Wilson Company Profile

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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.

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

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