Kennedy-Wilson Holdings Inc. (NYSE:KW) Shares Sold by Cwm LLC

Cwm LLC trimmed its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 17.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,027 shares of the financial services provider’s stock after selling 1,937 shares during the period. Cwm LLC’s holdings in Kennedy-Wilson were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Kennedy-Wilson by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,625 shares of the financial services provider’s stock valued at $646,000 after acquiring an additional 2,054 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Kennedy-Wilson by 0.3% during the fourth quarter. Legal & General Group Plc now owns 727,693 shares of the financial services provider’s stock valued at $7,270,000 after acquiring an additional 2,105 shares during the last quarter. Sterling Capital Management LLC increased its position in Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 3,248 shares in the last quarter. Belpointe Asset Management LLC raised its stake in Kennedy-Wilson by 10.2% in the 4th quarter. Belpointe Asset Management LLC now owns 35,056 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 3,250 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in Kennedy-Wilson by 12.3% in the 1st quarter. New York State Teachers Retirement System now owns 30,100 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 3,300 shares in the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kennedy-Wilson

In related news, CEO William J. Mcmorrow purchased 200,000 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were bought at an average price of $6.36 per share, with a total value of $1,272,000.00. Following the completion of the purchase, the chief executive officer directly owned 8,049,517 shares in the company, valued at approximately $51,194,928.12. This trade represents a 2.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 20.30% of the stock is currently owned by corporate insiders.

Kennedy-Wilson Stock Down 1.2%

KW stock opened at $7.23 on Friday. The company has a 50 day moving average price of $6.98 and a two-hundred day moving average price of $7.69. 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 stock has a market capitalization of $999.84 million, a P/E ratio of -6.89, a PEG ratio of 25.57 and a beta of 1.10. Kennedy-Wilson Holdings Inc. has a one year low of $5.98 and a one year high of $11.88.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The business 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%. As a group, sell-side analysts expect that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current year.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.6%. Kennedy-Wilson’s dividend payout ratio is currently -45.71%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, July 28th.

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.