Cerity Partners LLC Cuts Stock Position in Kennedy-Wilson Holdings Inc. (NYSE:KW)

Cerity Partners LLC lessened its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 22.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,034 shares of the financial services provider’s stock after selling 9,335 shares during the period. Cerity Partners LLC’s holdings in Kennedy-Wilson were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KW. Sterling Capital Management LLC raised its stake in shares of Kennedy-Wilson by 822.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 3,248 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in Kennedy-Wilson during the 4th quarter valued at $114,000. Teacher Retirement System of Texas acquired a new stake in Kennedy-Wilson during the 1st quarter valued at $139,000. XTX Topco Ltd acquired a new stake in Kennedy-Wilson during the 4th quarter valued at $151,000. Finally, Ethic Inc. acquired a new stake in Kennedy-Wilson during the 4th quarter valued at $188,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Insiders Place Their Bets

In other Kennedy-Wilson news, CEO William J. Mcmorrow purchased 200,000 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $6.36 per share, with a total value of $1,272,000.00. Following the acquisition, the chief executive officer owned 8,049,517 shares of the company’s stock, valued at approximately $51,194,928.12. This represents a 2.55% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 22.73% of the stock is currently owned by corporate insiders.

Kennedy-Wilson Price Performance

Shares of KW stock opened at $7.60 on Monday. The firm has a market cap of $1.05 billion, a P/E ratio of -7.24, a P/E/G ratio of 26.55 and a beta of 1.07. The company has a debt-to-equity ratio of 6.23, a current ratio of 1.05 and a quick ratio of 1.05. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $11.88. The firm has a fifty day moving average of $6.87 and a two-hundred day moving average of $7.72.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data 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 company had revenue of $128.30 million for the quarter, compared to analyst estimates of $227.14 million. Kennedy-Wilson had a positive return on equity of 7.76% and a negative net margin of 19.24%. As a group, research analysts anticipate that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 30th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.31%. The ex-dividend date of this dividend was Monday, June 30th. Kennedy-Wilson’s dividend payout ratio is currently -45.71%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday.

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.