Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,385 shares of the financial services provider’s stock after purchasing an additional 24,561 shares during the period. American Century Companies Inc. owned about 0.18% of Kennedy-Wilson worth $2,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KW. FMR LLC grew its stake in Kennedy-Wilson by 7.9% in the third quarter. FMR LLC now owns 16,198 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 1,182 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kennedy-Wilson by 4.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,840 shares of the financial services provider’s stock worth $9,976,000 after acquiring an additional 41,918 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Kennedy-Wilson by 13.3% in the 3rd quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,686 shares during the last quarter. Jane Street Group LLC raised its position in shares of Kennedy-Wilson by 2.1% during the 3rd quarter. Jane Street Group LLC now owns 265,217 shares of the financial services provider’s stock valued at $2,931,000 after acquiring an additional 5,477 shares in the last quarter. Finally, Zacks Investment Management lifted its stake in Kennedy-Wilson by 6.2% during the third quarter. Zacks Investment Management now owns 429,417 shares of the financial services provider’s stock worth $4,745,000 after purchasing an additional 25,172 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Stock Performance

Shares of KW stock opened at $7.09 on Tuesday. The company has a market cap of $979.03 million, a P/E ratio of -2.75, a PEG ratio of 0.54 and a beta of 0.98. The business has a 50 day moving average of $8.95 and a two-hundred day moving average of $10.02. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.02 and a 52 week high of $11.88. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 31st were paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 6.77%. Kennedy-Wilson’s payout ratio is currently -85.71%.

Insider Buying and Selling

In other news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $8.62, for a total transaction of $258,600.00. Following the sale, the director now owns 98,318 shares of the company’s stock, valued at approximately $847,501.16. The trade was a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stanley R. Zax acquired 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average cost of $8.56 per share, with a total value of $350,960.00. Following the completion of the acquisition, the director now directly owns 547,400 shares in the company, valued at approximately $4,685,744. This represents a 8.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.73% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They set a “hold” rating and a $9.00 target price for the company.

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.