US Bancorp DE Sells 943 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

US Bancorp DE lessened its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 19.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,893 shares of the financial services provider’s stock after selling 943 shares during the period. US Bancorp DE’s holdings in Kennedy-Wilson were worth $43,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Kennedy-Wilson by 229.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 2,029 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Kennedy-Wilson by 68.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,346 shares in the last quarter. Quarry LP acquired a new position in Kennedy-Wilson in the 2nd quarter valued at approximately $45,000. Nisa Investment Advisors LLC raised its holdings in Kennedy-Wilson by 298.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 4,320 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Kennedy-Wilson in the 1st quarter valued at approximately $73,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. JPMorgan Chase & Co. increased their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th.

Kennedy-Wilson Stock Performance

Shares of KW opened at $10.82 on Monday. Kennedy-Wilson Holdings, Inc. has a 1 year low of $7.85 and a 1 year high of $13.27. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The stock has a 50 day simple moving average of $11.00 and a 200-day simple moving average of $10.46. The stock has a market cap of $1.49 billion, a PE ratio of -4.19, a PEG ratio of 0.66 and a beta of 1.10.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.44%. Kennedy-Wilson’s payout ratio is presently -18.60%.

About Kennedy-Wilson

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.