Kennedy-Wilson Holdings Inc. (NYSE:KW) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 24.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,078 shares of the financial services provider’s stock after selling 3,663 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Kennedy-Wilson were worth $96,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in KW. Charles Schwab Investment Management Inc. boosted its position in shares of Kennedy-Wilson by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,977,623 shares of the financial services provider’s stock worth $19,756,000 after acquiring an additional 64,352 shares in the last quarter. Atria Investments Inc boosted its position in shares of Kennedy-Wilson by 16.8% during the 4th quarter. Atria Investments Inc now owns 77,630 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 11,148 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Kennedy-Wilson during the 4th quarter worth about $370,000. Raymond James Financial Inc. purchased a new stake in shares of Kennedy-Wilson in the 4th quarter valued at about $2,801,000. Finally, Amundi lifted its holdings in shares of Kennedy-Wilson by 43.5% in the 4th quarter. Amundi now owns 117,578 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 35,633 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Stock Up 4.3%

Kennedy-Wilson stock opened at $7.78 on Friday. Kennedy-Wilson Holdings Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $11.88. The company has a debt-to-equity ratio of 6.23, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $1.08 billion, a P/E ratio of -7.41, a PEG ratio of 1.63 and a beta of 1.07. The stock has a 50-day simple moving average of $6.65 and a 200-day simple moving average of $7.93.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $128.30 million during the quarter, compared to analysts’ expectations of $227.14 million. Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. Equities research analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.17%. The ex-dividend date was Monday, June 30th. Kennedy-Wilson’s dividend payout ratio is presently -45.71%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, June 6th.

Insider Buying and Selling

In related news, CEO William J. Mcmorrow acquired 200,000 shares of Kennedy-Wilson stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the purchase, the chief executive officer directly owned 8,049,517 shares in the company, valued at approximately $51,194,928.12. The trade was a 2.55% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 20.30% of the stock is currently owned by corporate insiders.

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.