CI Global Investments Inc. trimmed its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,267,835 shares of the financial services provider’s stock after selling 101,118 shares during the quarter. CI Global Investments Inc. owned approximately 1.11% of Kennedy-Wilson Holdings worth $23,518,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KW. UBS Asset Management Americas Inc. boosted its stake in Kennedy-Wilson Holdings by 11.5% in the first quarter. UBS Asset Management Americas Inc. now owns 38,822 shares of the financial services provider’s stock valued at $862,000 after acquiring an additional 4,000 shares during the last quarter. Prudential Financial Inc. purchased a new position in Kennedy-Wilson Holdings in the first quarter valued at about $215,000. Vanguard Group Inc. boosted its stake in Kennedy-Wilson Holdings by 10.3% in the first quarter. Vanguard Group Inc. now owns 7,333,057 shares of the financial services provider’s stock valued at $162,795,000 after acquiring an additional 685,496 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kennedy-Wilson Holdings by 7.8% in the first quarter. Geode Capital Management LLC now owns 702,668 shares of the financial services provider’s stock valued at $15,599,000 after acquiring an additional 50,868 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Kennedy-Wilson Holdings by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,236,983 shares of the financial services provider’s stock valued at $49,658,000 after acquiring an additional 151,989 shares during the last quarter. Hedge funds and other institutional investors own 86.70% of the company’s stock.
A number of brokerages recently commented on KW. BidaskClub upgraded shares of Kennedy-Wilson Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. BTIG Research restated a “buy” rating and set a $33.00 price target on shares of Kennedy-Wilson Holdings in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG restated a “hold” rating and set a $23.00 price target on shares of Kennedy-Wilson Holdings in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Kennedy-Wilson Holdings presently has a consensus rating of “Hold” and an average target price of $28.33.
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Shares of Kennedy-Wilson Holdings Inc. (NYSE KW) traded down $0.10 during mid-day trading on Tuesday, hitting $18.90. 1,614,200 shares of the company were exchanged, compared to its average volume of 766,298. The stock has a market cap of $2,877.44, a PE ratio of 45.24 and a beta of 1.40. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 2.35. Kennedy-Wilson Holdings Inc. has a 12 month low of $17.95 and a 12 month high of $23.00.
Kennedy-Wilson Holdings (NYSE:KW) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.15. The company had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $177.89 million. Kennedy-Wilson Holdings had a net margin of 1.94% and a return on equity of 2.04%. Kennedy-Wilson Holdings’s revenue was up 59.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) EPS.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be paid a $0.19 dividend. The ex-dividend date is Thursday, December 28th. This is a boost from Kennedy-Wilson Holdings’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.02%. Kennedy-Wilson Holdings’s dividend payout ratio is currently 523.12%.
Kennedy-Wilson Holdings Profile
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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