Prudential Financial Inc. lowered its position in Kennedy-Wilson Holdings Inc (NYSE:KW) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,707 shares of the financial services provider’s stock after selling 870 shares during the period. Prudential Financial Inc.’s holdings in Kennedy-Wilson were worth $303,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in KW. Cutter & CO Brokerage Inc. purchased a new stake in shares of Kennedy-Wilson in the second quarter valued at about $8,434,000. Schroder Investment Management Group increased its holdings in Kennedy-Wilson by 72.8% during the second quarter. Schroder Investment Management Group now owns 931,224 shares of the financial services provider’s stock worth $19,155,000 after buying an additional 392,355 shares during the last quarter. Copeland Capital Management LLC increased its holdings in Kennedy-Wilson by 27.0% during the second quarter. Copeland Capital Management LLC now owns 1,379,201 shares of the financial services provider’s stock worth $28,370,000 after buying an additional 293,603 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Kennedy-Wilson by 141.9% during the second quarter. JPMorgan Chase & Co. now owns 493,428 shares of the financial services provider’s stock worth $10,028,000 after buying an additional 289,451 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Kennedy-Wilson by 12.4% during the fourth quarter. Geode Capital Management LLC now owns 1,373,963 shares of the financial services provider’s stock worth $24,964,000 after buying an additional 151,877 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.
NYSE KW traded down $0.33 during trading hours on Tuesday, reaching $21.83. 6,258 shares of the company were exchanged, compared to its average volume of 444,969. Kennedy-Wilson Holdings Inc has a 1 year low of $17.25 and a 1 year high of $22.75. The business’s 50 day simple moving average is $21.41 and its 200-day simple moving average is $21.24. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.02. The stock has a market capitalization of $3.17 billion, a P/E ratio of 17.05 and a beta of 1.12.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 3.85%.
A number of analysts recently issued reports on the stock. BTIG Research restated a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson in a report on Thursday, August 8th. ValuEngine downgraded shares of Kennedy-Wilson from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.51.
In other Kennedy-Wilson news, General Counsel Kent Y. Mouton sold 30,000 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $20.56, for a total transaction of $616,800.00. Following the completion of the transaction, the general counsel now owns 474,956 shares in the company, valued at $9,765,095.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.70% of the stock is owned by company insiders.
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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