Pinnacle Wealth Planning Services Inc. Acquires New Shares in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,271 shares of the financial services provider’s stock, valued at approximately $174,000.

Other hedge funds have also recently made changes to their positions in the company. Gladius Capital Management LP boosted its stake in shares of Kennedy-Wilson by 313.0% during the fourth quarter. Gladius Capital Management LP now owns 2,185 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,656 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Kennedy-Wilson by 131.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,215 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,259 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of Kennedy-Wilson during the fourth quarter valued at about $34,000. Stonegate Investment Group LLC acquired a new stake in shares of Kennedy-Wilson during the first quarter valued at about $95,000. Finally, Delta Investment Management LLC acquired a new stake in shares of Kennedy-Wilson during the fourth quarter valued at about $187,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd.

Kennedy-Wilson Trading Down 0.9 %

Shares of KW traded down $0.09 during mid-day trading on Friday, reaching $10.39. 562,860 shares of the company were exchanged, compared to its average volume of 818,238. The company has a debt-to-equity ratio of 5.34, a quick ratio of 1.44 and a current ratio of 1.44. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $17.34. The business has a 50 day simple moving average of $10.02 and a two-hundred day simple moving average of $9.64. The stock has a market capitalization of $1.43 billion, a PE ratio of -5.27 and a beta of 1.10.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.92. Kennedy-Wilson had a negative return on equity of 7.88% and a negative net margin of 41.31%. The firm had revenue of $136.40 million during the quarter. On average, analysts predict that Kennedy-Wilson Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 28th were paid a $0.12 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 4.62%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -24.37%.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.