Kennedy-Wilson Holdings Inc. (NYSE:KW) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 17.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,895 shares of the financial services provider’s stock after acquiring an additional 15,950 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of Kennedy-Wilson worth $954,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Sterling Capital Management LLC increased its holdings in Kennedy-Wilson by 822.3% in the fourth quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock valued at $36,000 after buying an additional 3,248 shares during the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of Kennedy-Wilson during the fourth quarter worth about $114,000. XTX Topco Ltd purchased a new position in shares of Kennedy-Wilson during the fourth quarter worth about $151,000. Teacher Retirement System of Texas purchased a new position in shares of Kennedy-Wilson during the first quarter worth about $139,000. Finally, Ethic Inc. purchased a new position in shares of Kennedy-Wilson during the fourth quarter worth about $188,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William J. Mcmorrow purchased 200,000 shares of Kennedy-Wilson stock in a transaction dated Thursday, May 15th. The stock was bought at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.30% of the company’s stock.

Kennedy-Wilson Price Performance

Shares of NYSE:KW opened at $7.23 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 6.23. The company has a market cap of $999.84 million, a P/E ratio of -6.89, a PEG ratio of 25.29 and a beta of 1.10. Kennedy-Wilson Holdings Inc. has a 52 week low of $5.98 and a 52 week high of $11.88. The company has a 50-day moving average price of $6.98 and a 200 day moving average price of $7.68.

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). Kennedy-Wilson had a negative net margin of 19.24% and a positive return on equity of 7.76%. The firm had revenue of $128.30 million during the quarter, compared to analyst estimates of $227.14 million. Research analysts predict that Kennedy-Wilson Holdings Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

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

Analyst Ratings Changes

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

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.