Pictet Asset Management Ltd. increased its holdings in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 9.7% during the second quarter, Holdings Channel.com reports. The firm owned 22,600 shares of the financial services provider’s stock after buying an additional 2,000 shares during the period. Pictet Asset Management Ltd.’s holdings in Kennedy-Wilson were worth $465,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KW. Advisor Group Inc. raised its holdings in shares of Kennedy-Wilson by 34.7% during the second quarter. Advisor Group Inc. now owns 7,579 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 1,954 shares during the last quarter. Comerica Bank purchased a new position in shares of Kennedy-Wilson during the first quarter worth $200,000. Keybank National Association OH purchased a new position in shares of Kennedy-Wilson during the first quarter worth $201,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Kennedy-Wilson during the first quarter worth $201,000. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of Kennedy-Wilson during the first quarter worth $270,000. Hedge funds and other institutional investors own 81.29% of the company’s stock.
KW has been the subject of several recent research reports. BTIG Research reissued a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson in a report on Thursday, August 8th. ValuEngine cut shares of Kennedy-Wilson from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $26.51.
Shares of NYSE KW traded up $0.35 during trading on Friday, hitting $22.51. The company had a trading volume of 1,330 shares, compared to its average volume of 395,859. The stock has a fifty day simple moving average of $21.40 and a two-hundred day simple moving average of $21.22. Kennedy-Wilson Holdings Inc has a fifty-two week low of $17.25 and a fifty-two week high of $22.75. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 17.28 and a beta of 1.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.02.
Kennedy-Wilson (NYSE:KW) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.08. Kennedy-Wilson had a net margin of 13.61% and a return on equity of 13.49%. The business had revenue of $143.70 million for the quarter, compared to analyst estimates of $160.05 million. During the same quarter last year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was down 34.0% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 30th will be given a $0.21 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 3.73%.
Kennedy-Wilson Company Profile
Kennedy-Wilson Holdings, Inc is a global real estate investment company, which engages in the ownership, operation, and investment in real estate through its investment platform. It operates through the following business segments: KW Investments, and KW Investment Management and Real Estate Services (IMRES).
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