Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,095 shares of the financial services provider’s stock, valued at approximately $131,000.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of Kennedy-Wilson by 10.9% in the fourth quarter. American Century Companies Inc. now owns 250,385 shares of the financial services provider’s stock valued at $2,501,000 after buying an additional 24,561 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Kennedy-Wilson in the fourth quarter valued at approximately $216,000. JPMorgan Chase & Co. boosted its holdings in shares of Kennedy-Wilson by 31.3% in the fourth quarter. JPMorgan Chase & Co. now owns 389,018 shares of the financial services provider’s stock valued at $3,886,000 after buying an additional 92,736 shares during the period. Norges Bank acquired a new position in shares of Kennedy-Wilson in the fourth quarter valued at approximately $1,681,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Kennedy-Wilson in the fourth quarter valued at approximately $344,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kennedy-Wilson Stock Performance

Shares of KW stock opened at $7.35 on Wednesday. The company’s fifty day simple moving average is $7.03 and its 200-day simple moving average is $7.66. 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 firm has a market cap of $1.02 billion, a PE ratio of -7.00, a P/E/G ratio of 25.81 and a beta of 1.10. Kennedy-Wilson Holdings Inc. has a 12 month low of $5.98 and a 12 month high of $11.88.

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

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 30th were paid a $0.12 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.48 annualized dividend and a dividend yield of 6.5%. Kennedy-Wilson’s dividend payout ratio is -45.71%.

Insider Activity at Kennedy-Wilson

In other Kennedy-Wilson news, CEO William J. Mcmorrow purchased 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the completion of the purchase, the chief executive officer owned 8,049,517 shares of the company’s stock, valued at approximately $51,194,928.12. The trade was a 2.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.73% of the company’s stock.

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.