Envestnet Asset Management Inc. Raises Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Envestnet Asset Management Inc. grew its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 26.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,945 shares of the financial services provider’s stock after purchasing an additional 19,481 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Kennedy-Wilson worth $939,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KW. Royce & Associates LP boosted its holdings in shares of Kennedy-Wilson by 3.6% during the 4th quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider’s stock worth $92,903,000 after purchasing an additional 325,737 shares during the last quarter. Alberta Investment Management Corp raised its position in shares of Kennedy-Wilson by 17.5% during the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock valued at $26,477,000 after buying an additional 395,000 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Kennedy-Wilson by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider’s stock valued at $19,756,000 after acquiring an additional 64,352 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Kennedy-Wilson by 22.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 751,055 shares of the financial services provider’s stock worth $7,503,000 after acquiring an additional 135,559 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Kennedy-Wilson by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 572,853 shares of the financial services provider’s stock worth $5,723,000 after purchasing an additional 16,090 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Price Performance

KW opened at $6.54 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -2.53, a PEG ratio of 0.54 and a beta of 0.98. Kennedy-Wilson Holdings, Inc. has a 12-month low of $6.13 and a 12-month high of $11.88. 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’s 50-day moving average price is $8.02 and its 200 day moving average price is $9.45.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were given a $0.12 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 7.34%. Kennedy-Wilson’s dividend payout ratio is presently -85.71%.

Insider Transactions at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax bought 41,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average price of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the purchase, the director now directly owns 547,400 shares in the company, valued at $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cathy Hendrickson sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were 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 of the company’s stock, 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.

Wall Street Analysts Forecast Growth

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

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.