Vanguard Group Inc. Reduces Holdings in Kennedy-Wilson Holdings Inc. $KW

Vanguard Group Inc. trimmed its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,043,072 shares of the financial services provider’s stock after selling 262,020 shares during the quarter. Vanguard Group Inc. owned 9.96% of Kennedy-Wilson worth $147,934,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System boosted its stake in Kennedy-Wilson by 12.3% during the first quarter. New York State Teachers Retirement System now owns 30,100 shares of the financial services provider’s stock worth $261,000 after buying an additional 3,300 shares during the period. Deutsche Bank AG boosted its stake in shares of Kennedy-Wilson by 26.6% during the fourth quarter. Deutsche Bank AG now owns 150,152 shares of the financial services provider’s stock valued at $1,500,000 after purchasing an additional 31,580 shares during the period. GAMMA Investing LLC boosted its stake in shares of Kennedy-Wilson by 495.9% during the first quarter. GAMMA Investing LLC now owns 34,208 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 28,467 shares during the period. XTX Topco Ltd purchased a new stake in shares of Kennedy-Wilson during the fourth quarter valued at $151,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Kennedy-Wilson by 2.7% during the first quarter. Principal Financial Group Inc. now owns 588,232 shares of the financial services provider’s stock valued at $5,106,000 after purchasing an additional 15,379 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Kennedy-Wilson from a “sell” rating to a “buy” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.00.

Kennedy-Wilson Stock Performance

KW stock opened at $8.1060 on Thursday. The company has a debt-to-equity ratio of 5.73, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50-day moving average price of $7.33 and a 200 day moving average price of $7.57. The company has a market capitalization of $1.12 billion, a P/E ratio of -12.10, a PEG ratio of 2.63 and a beta of 1.10. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $11.88.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.10. The firm had revenue of $135.70 million during the quarter, compared to the consensus estimate of $229.98 million. Kennedy-Wilson had a positive return on equity of 12.90% and a negative net margin of 9.11%. As a group, equities research analysts forecast that Kennedy-Wilson Holdings Inc. will post 2.87 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Tuesday, September 30th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 5.9%. Kennedy-Wilson’s payout ratio is currently -71.64%.

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.