D. E. Shaw & Co. Inc. purchased a new position in Kennedy-Wilson Holdings Inc (NYSE:KW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,125 shares of the financial services provider’s stock, valued at approximately $275,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of KW. Vanguard Group Inc. lifted its position in shares of Kennedy-Wilson by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,881,430 shares of the financial services provider’s stock valued at $405,950,000 after acquiring an additional 952,788 shares during the period. Vanguard Group Inc lifted its position in shares of Kennedy-Wilson by 5.3% during the 3rd quarter. Vanguard Group Inc now owns 18,881,430 shares of the financial services provider’s stock valued at $405,950,000 after acquiring an additional 952,788 shares during the period. BlackRock Inc. lifted its position in shares of Kennedy-Wilson by 1.0% during the 4th quarter. BlackRock Inc. now owns 11,258,526 shares of the financial services provider’s stock valued at $204,567,000 after acquiring an additional 108,000 shares during the period. Principal Financial Group Inc. increased its stake in Kennedy-Wilson by 4.2% during the 4th quarter. Principal Financial Group Inc. now owns 8,124,970 shares of the financial services provider’s stock valued at $147,630,000 after purchasing an additional 328,955 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Kennedy-Wilson by 94.8% during the 4th quarter. Royce & Associates LP now owns 3,809,033 shares of the financial services provider’s stock valued at $69,210,000 after purchasing an additional 1,853,638 shares in the last quarter. Hedge funds and other institutional investors own 85.06% of the company’s stock.
In other news, President Mary Ricks sold 45,336 shares of the company’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $19.52, for a total value of $884,958.72. Following the completion of the sale, the president now owns 1,846,222 shares in the company, valued at approximately $36,038,253.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Aidan Hugh Boucher bought 7,100 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average price of $21.00 per share, with a total value of $149,100.00. Following the purchase, the director now owns 22,100 shares in the company, valued at $464,100. The disclosure for this purchase can be found here. Insiders have sold a total of 205,435 shares of company stock valued at $4,067,069 in the last 90 days. 14.58% of the stock is currently owned by company insiders.
Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings results on Wednesday, February 27th. The financial services provider reported $0.55 EPS for the quarter. The business had revenue of $178.70 million during the quarter, compared to analyst estimates of $197.77 million. Kennedy-Wilson had a net margin of 19.39% and a return on equity of 17.08%.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 29th were paid a dividend of $0.21 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.82%.
Separately, JPMorgan Chase & Co. initiated coverage on shares of Kennedy-Wilson in a research note on Wednesday, December 19th. They set an “overweight” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Kennedy-Wilson presently has a consensus rating of “Buy” and a consensus price target of $26.75.
ILLEGAL ACTIVITY NOTICE: “D. E. Shaw & Co. Inc. Invests $275,000 in Kennedy-Wilson Holdings Inc (KW)” was originally posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://dakotafinancialnews.com/2019/04/16/d-e-shaw-co-inc-invests-275000-in-kennedy-wilson-holdings-inc-kw.html.
Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
Further Reading: Strike Price
Want to see what other hedge funds are holding KW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kennedy-Wilson Holdings Inc (NYSE:KW).
Receive News & Ratings for Kennedy-Wilson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennedy-Wilson and related companies with MarketBeat.com's FREE daily email newsletter.