Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 68.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 74,664 shares of the financial services provider’s stock after acquiring an additional 30,409 shares during the period. Franklin Resources Inc. owned about 0.05% of Kennedy-Wilson worth $746,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KW. Smartleaf Asset Management LLC boosted its position in shares of Kennedy-Wilson by 181.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 3,755 shares during the last quarter. KBC Group NV grew its holdings in shares of Kennedy-Wilson by 56.3% in the fourth quarter. KBC Group NV now owns 7,632 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,748 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of Kennedy-Wilson during the fourth quarter worth $106,000. Fox Run Management L.L.C. purchased a new position in Kennedy-Wilson in the fourth quarter worth approximately $134,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Kennedy-Wilson by 39.4% in the 4th quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 4,124 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 price objective on the stock.

Insider Transactions at Kennedy-Wilson

In related news, Director Stanley R. Zax acquired 41,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of $8.56 per share, with a total value of $350,960.00. Following the purchase, the director now directly owns 547,400 shares in the company, valued at $4,685,744. The trade was a 8.10 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the transaction, the director now directly owns 98,318 shares in the company, valued at $847,501.16. This trade represents a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.73% of the company’s stock.

Kennedy-Wilson Stock Down 0.9 %

KW opened at $6.68 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The company has a market cap of $921.89 million, a PE ratio of -2.59, a P/E/G ratio of 0.54 and a beta of 0.98. The business has a 50 day moving average price of $8.54 and a two-hundred day moving average price of $9.78. Kennedy-Wilson Holdings, Inc. has a 52 week low of $6.34 and a 52 week high of $11.88.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 7.19%. Kennedy-Wilson’s payout ratio is currently -85.71%.

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.