Boston Partners Has $1.17 Million Holdings in Kennedy-Wilson Holdings Inc (NYSE:KW)

Posted by Faye Duncan on Dec 4th, 2019 // Comments off

Boston Partners cut its stake in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 46.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,309 shares of the financial services provider’s stock after selling 45,771 shares during the period. Boston Partners’ holdings in Kennedy-Wilson were worth $1,168,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in Kennedy-Wilson in the 2nd quarter valued at about $50,000. Point72 Asset Management L.P. bought a new position in Kennedy-Wilson during the 2nd quarter worth $76,000. Advisor Group Inc. increased its stake in Kennedy-Wilson by 34.7% during the 2nd quarter. Advisor Group Inc. now owns 7,579 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 1,954 shares during the period. Strs Ohio raised its holdings in Kennedy-Wilson by 17.3% in the 3rd quarter. Strs Ohio now owns 8,800 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Comerica Bank raised its holdings in Kennedy-Wilson by 7.9% in the 2nd quarter. Comerica Bank now owns 9,835 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 716 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Shares of NYSE:KW opened at $22.17 on Wednesday. The firm has a 50 day moving average of $22.67 and a 200-day moving average of $21.56. Kennedy-Wilson Holdings Inc has a 12 month low of $17.25 and a 12 month high of $23.50. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 4.02. The stock has a market capitalization of $3.22 billion, a PE ratio of 13.38 and a beta of 1.09.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.19). Kennedy-Wilson had a return on equity of 18.10% and a net margin of 15.99%. The firm had revenue of $143.00 million for the quarter, compared to analyst estimates of $166.20 million. During the same quarter in the prior year, the business posted $0.52 EPS. The business’s revenue was down 23.0% on a year-over-year basis.

Several analysts have recently issued reports on the company. 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 downgraded Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th.

In other Kennedy-Wilson news, Director Cathy Hendrickson sold 10,500 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $22.22, for a total transaction of $233,310.00. Following the completion of the sale, the director now directly owns 55,218 shares in the company, valued at $1,226,943.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.70% of the stock is owned by corporate insiders.

About Kennedy-Wilson

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).

Boston Partners Has $1.17 Million Holdings in Kennedy-Wilson Holdings Inc (NYSE:KW)

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