Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 103.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,643 shares of the financial services provider’s stock after buying an additional 194,928 shares during the period. Rhumbline Advisers owned approximately 0.27% of Kennedy-Wilson worth $6,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Kennedy-Wilson by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,100,574 shares of the financial services provider’s stock valued at $80,231,000 after buying an additional 498,809 shares in the last quarter. State Street Corp increased its position in Kennedy-Wilson by 6.8% during the 2nd quarter. State Street Corp now owns 4,965,137 shares of the financial services provider’s stock valued at $95,139,000 after buying an additional 315,883 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Kennedy-Wilson by 12.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,871,164 shares of the financial services provider’s stock valued at $70,027,000 after purchasing an additional 325,401 shares during the last quarter. Copeland Capital Management LLC grew its stake in Kennedy-Wilson by 7.6% during the 1st quarter. Copeland Capital Management LLC now owns 2,752,805 shares of the financial services provider’s stock valued at $45,669,000 after purchasing an additional 193,812 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Kennedy-Wilson by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 2,389,760 shares of the financial services provider’s stock valued at $37,590,000 after purchasing an additional 83,111 shares during the last quarter. 87.33% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Price Performance

NYSE:KW opened at $16.23 on Thursday. Kennedy-Wilson Holdings, Inc. has a one year low of $13.97 and a one year high of $18.90. The company has a debt-to-equity ratio of 3.78, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $2.26 billion, a PE ratio of 62.40 and a beta of 1.17. The stock has a 50 day moving average price of $16.33 and a 200 day moving average price of $16.30.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.04 by $0.24. The firm had revenue of $146.50 million during the quarter, compared to analysts’ expectations of $129.28 million. Kennedy-Wilson had a return on equity of 10.50% and a net margin of 11.01%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. Equities research analysts expect that Kennedy-Wilson Holdings, Inc. will post 1.43 EPS for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 29th will be issued a $0.24 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.96 dividend on an annualized basis and a yield of 5.92%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 369.23%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Kennedy-Wilson in a research note on Sunday, August 20th. They set a “hold” rating on the stock.

Kennedy-Wilson Profile

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.