Royce & Associates LP increased its position in Kennedy-Wilson Holdings Inc (NYSE:KW) by 17.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,955,395 shares of the financial services provider’s stock after purchasing an additional 287,943 shares during the quarter. Royce & Associates LP owned approximately 1.36% of Kennedy-Wilson worth $42,041,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Kennedy-Wilson by 6.1% in the third quarter. BlackRock Inc. now owns 11,150,526 shares of the financial services provider’s stock worth $239,737,000 after acquiring an additional 642,842 shares during the period. Northern Trust Corp grew its holdings in Kennedy-Wilson by 21.2% during the second quarter. Northern Trust Corp now owns 2,681,208 shares of the financial services provider’s stock valued at $56,708,000 after purchasing an additional 468,717 shares during the period. CI Investments Inc. grew its holdings in Kennedy-Wilson by 0.3% during the third quarter. CI Investments Inc. now owns 1,571,254 shares of the financial services provider’s stock valued at $33,782,000 after purchasing an additional 5,380 shares during the period. Bank of America Corp DE grew its holdings in Kennedy-Wilson by 128.9% during the second quarter. Bank of America Corp DE now owns 1,206,548 shares of the financial services provider’s stock valued at $25,519,000 after purchasing an additional 679,536 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Kennedy-Wilson by 11.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 694,606 shares of the financial services provider’s stock valued at $14,691,000 after purchasing an additional 71,703 shares during the period. Institutional investors own 83.67% of the company’s stock.
Shares of NYSE:KW traded up $0.09 during mid-day trading on Friday, reaching $19.80. The stock had a trading volume of 42,526 shares, compared to its average volume of 391,676. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.75. The company has a market capitalization of $2.78 billion, a P/E ratio of 44.00 and a beta of 1.39. Kennedy-Wilson Holdings Inc has a 1 year low of $15.95 and a 1 year high of $22.27.
Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, October 31st. The financial services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.17. The company had revenue of $185.80 million for the quarter, compared to the consensus estimate of $199.49 million. Kennedy-Wilson had a return on equity of 14.99% and a net margin of 28.15%. The firm’s revenue for the quarter was down 31.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, December 28th will be given a $0.21 dividend. This is an increase from Kennedy-Wilson’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, December 27th. Kennedy-Wilson’s payout ratio is currently 168.89%.
Several analysts have issued reports on KW shares. Deutsche Bank cut their price target on Kennedy-Wilson from $26.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday, August 29th. ValuEngine upgraded Kennedy-Wilson from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. TheStreet downgraded Kennedy-Wilson from a “b-” rating to a “c” rating in a research report on Thursday, November 1st. Finally, BTIG Research set a $33.00 price objective on Kennedy-Wilson and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Kennedy-Wilson has a consensus rating of “Buy” and a consensus price target of $27.33.
Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
Read More: Using the New Google Finance Tool
Receive News & Ratings for Kennedy-Wilson Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Kennedy-Wilson and related companies with MarketBeat.com’s FREE daily email newsletter.