Quilter Plc Increases Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Quilter Plc lifted its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 16.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,957 shares of the financial services provider’s stock after acquiring an additional 65,786 shares during the period. Quilter Plc owned 0.34% of Kennedy-Wilson worth $4,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KW. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kennedy-Wilson by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,607,615 shares of the financial services provider’s stock worth $19,902,000 after acquiring an additional 70,978 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Kennedy-Wilson by 131.7% during the 4th quarter. Quadrant Capital Group LLC now owns 2,215 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,259 shares during the last quarter. Norges Bank purchased a new position in Kennedy-Wilson during the 4th quarter valued at $8,078,000. Central Securities Corp grew its position in Kennedy-Wilson by 5.0% in the 4th quarter. Central Securities Corp now owns 1,050,000 shares of the financial services provider’s stock valued at $12,999,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Kennedy-Wilson in the fourth quarter worth $187,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on KW. StockNews.com lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. JPMorgan Chase & Co. increased their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th.

Kennedy-Wilson Trading Up 5.6 %

KW opened at $11.46 on Monday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -5.82, a PEG ratio of 0.66 and a beta of 1.11. The stock has a fifty day moving average price of $10.55 and a 200-day moving average price of $9.65. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $16.63. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.12. The company had revenue of $132.00 million during the quarter, compared to analysts’ expectations of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The firm’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date is Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 4.19%. Kennedy-Wilson’s dividend payout ratio is presently -24.37%.

Kennedy-Wilson Company Profile

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.