Kennedy-Wilson Holdings, Inc. (NYSE:KW) Position Boosted by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KWFree Report) by 131.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,215 shares of the financial services provider’s stock after purchasing an additional 1,259 shares during the period. Quadrant Capital Group LLC’s holdings in Kennedy-Wilson were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Kennedy-Wilson by 2.9% during the 3rd quarter. Invesco Ltd. now owns 2,377,751 shares of the financial services provider’s stock valued at $35,048,000 after purchasing an additional 66,623 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Kennedy-Wilson by 10.2% in the fourth quarter. Mackenzie Financial Corp now owns 4,539,609 shares of the financial services provider’s stock worth $56,200,000 after buying an additional 421,365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kennedy-Wilson by 21.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,175 shares of the financial services provider’s stock worth $621,000 after buying an additional 8,911 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kennedy-Wilson by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,536,637 shares of the financial services provider’s stock worth $22,650,000 after buying an additional 85,481 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Kennedy-Wilson by 58.1% in the third quarter. Barclays PLC now owns 163,483 shares of the financial services provider’s stock worth $2,409,000 after buying an additional 60,074 shares during the period. Institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

KW has been the subject of several recent analyst reports. StockNews.com cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. TheStreet cut shares of Kennedy-Wilson from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd.

Read Our Latest Stock Analysis on KW

Kennedy-Wilson Price Performance

NYSE KW opened at $10.18 on Wednesday. The company has a 50 day simple moving average of $8.99 and a 200-day simple moving average of $10.18. The company has a debt-to-equity ratio of 5.34, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -5.16 and a beta of 1.04. Kennedy-Wilson Holdings, Inc. has a 52-week low of $7.85 and a 52-week high of $17.43.

Kennedy-Wilson (NYSE:KWGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.92. The business had revenue of $136.40 million during the quarter. Kennedy-Wilson had a negative net margin of 41.31% and a negative return on equity of 7.88%. Equities research analysts predict that Kennedy-Wilson Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.72%. The ex-dividend date is Friday, June 28th. Kennedy-Wilson’s payout ratio is presently -48.73%.

About Kennedy-Wilson

(Free Report)

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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