M&T Bank Corp Decreases Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

M&T Bank Corp cut its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,361 shares of the financial services provider’s stock after selling 1,933 shares during the quarter. M&T Bank Corp’s holdings in Kennedy-Wilson were worth $159,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Royce & Associates LP grew its stake in Kennedy-Wilson by 6.5% during the 3rd quarter. Royce & Associates LP now owns 8,973,874 shares of the financial services provider’s stock valued at $99,161,000 after purchasing an additional 544,495 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kennedy-Wilson by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock valued at $21,142,000 after buying an additional 53,185 shares during the last quarter. Bank of New York Mellon Corp raised its position in Kennedy-Wilson by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider’s stock worth $13,004,000 after buying an additional 104,577 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kennedy-Wilson by 4.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,840 shares of the financial services provider’s stock valued at $9,976,000 after acquiring an additional 41,918 shares during the period. Finally, Old West Investment Management LLC boosted its holdings in shares of Kennedy-Wilson by 7.9% in the 2nd quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider’s stock valued at $6,732,000 after acquiring an additional 50,474 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Kennedy-Wilson Stock Down 2.0 %

Shares of KW stock opened at $9.98 on Friday. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $12.74. The stock has a market cap of $1.37 billion, a P/E ratio of -3.87, a P/E/G ratio of 0.70 and a beta of 1.12. The stock has a 50 day moving average of $11.07 and a 200 day moving average of $10.66. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Tuesday, December 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is -18.60%.

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.