Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,416 shares of the financial services provider’s stock after selling 7,759 shares during the period. Alliancebernstein L.P. owned about 0.13% of Kennedy-Wilson worth $1,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Kennedy-Wilson by 7.9% during the 3rd quarter. FMR LLC now owns 16,198 shares of the financial services provider’s stock valued at $179,000 after purchasing an additional 1,182 shares in the last quarter. Van ECK Associates Corp increased its holdings in Kennedy-Wilson by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 21,537 shares of the financial services provider’s stock valued at $215,000 after buying an additional 1,995 shares in the last quarter. Legacy Capital Group California Inc. raised its position in shares of Kennedy-Wilson by 12.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 19,466 shares of the financial services provider’s stock worth $194,000 after acquiring an additional 2,206 shares during the period. KBC Group NV raised its position 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 worth $76,000 after acquiring an additional 2,748 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Kennedy-Wilson by 13.6% during the 4th quarter. Signaturefd LLC now owns 24,885 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 2,976 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Kennedy-Wilson

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

Kennedy-Wilson Price Performance

Kennedy-Wilson stock opened at $6.79 on Friday. The stock has a market capitalization of $936.94 million, a P/E ratio of -2.63, a P/E/G ratio of 0.54 and a beta of 0.98. The company’s fifty day moving average price is $8.50 and its 200 day moving average price is $9.75. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a 1 year low of $6.34 and a 1 year high of $11.88.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were given a $0.12 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 7.07%. Kennedy-Wilson’s dividend payout ratio (DPR) is -85.71%.

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.