Russell Investments Group Ltd. Purchases 92,635 Shares of Kennedy-Wilson Holdings Inc. $KW

Russell Investments Group Ltd. lifted its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 47.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 287,583 shares of the financial services provider’s stock after purchasing an additional 92,635 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of Kennedy-Wilson worth $2,496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in KW. Sherbrooke Park Advisers LLC bought a new stake in Kennedy-Wilson in the fourth quarter worth $114,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Kennedy-Wilson in the first quarter worth $131,000. Teacher Retirement System of Texas bought a new stake in Kennedy-Wilson in the first quarter worth $139,000. XTX Topco Ltd bought a new stake in Kennedy-Wilson in the fourth quarter worth $151,000. Finally, Ethic Inc. bought a new stake in Kennedy-Wilson in the fourth quarter worth $188,000. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Stock Up 6.3%

KW stock opened at $8.5050 on Monday. Kennedy-Wilson Holdings Inc. has a 1-year low of $5.98 and a 1-year high of $11.88. The business has a fifty day moving average price of $7.40 and a 200-day moving average price of $7.53. 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 stock has a market capitalization of $1.17 billion, a P/E ratio of -12.69, a P/E/G ratio of 2.70 and a beta of 1.10.

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

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Tuesday, September 30th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 5.6%. Kennedy-Wilson’s payout ratio is currently -71.64%.

Wall Street Analyst Weigh In

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

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.