BB&T Securities LLC raised its position in Kennedy-Wilson Holdings Inc (NYSE:KW) by 12.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,236 shares of the financial services provider’s stock after buying an additional 8,939 shares during the period. BB&T Securities LLC owned 0.05% of Kennedy-Wilson worth $1,451,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of KW. CI Investments Inc. increased its stake in Kennedy-Wilson by 86.6% in the 3rd quarter. CI Investments Inc. now owns 2,939,428 shares of the financial services provider’s stock valued at $54,526,000 after buying an additional 1,364,317 shares during the last quarter. Ranger Global Real Estate Advisors LLC grew its position in shares of Kennedy-Wilson by 68.1% during the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 1,228,081 shares of the financial services provider’s stock valued at $22,781,000 after acquiring an additional 497,562 shares during the period. Principal Financial Group Inc. grew its position in shares of Kennedy-Wilson by 3,073.4% during the 3rd quarter. Principal Financial Group Inc. now owns 347,358 shares of the financial services provider’s stock valued at $6,443,000 after acquiring an additional 336,412 shares during the period. Shufro Rose & Co. LLC bought a new position in shares of Kennedy-Wilson during the 2nd quarter valued at approximately $5,613,000. Finally, Vanguard Group Inc. grew its position in shares of Kennedy-Wilson by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 7,596,624 shares of the financial services provider’s stock valued at $144,716,000 after acquiring an additional 263,567 shares during the period. Hedge funds and other institutional investors own 66.57% of the company’s stock.
Kennedy-Wilson Holdings Inc (NYSE KW) traded down $0.45 during mid-day trading on Thursday, hitting $18.60. 1,190,600 shares of the company’s stock were exchanged, compared to its average volume of 802,232. Kennedy-Wilson Holdings Inc has a 12-month low of $17.95 and a 12-month high of $22.65. The stock has a market capitalization of $2,885.01, a PE ratio of 45.36, a price-to-earnings-growth ratio of 6.80 and a beta of 1.37. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be issued a $0.19 dividend. The ex-dividend date is Thursday, December 28th. This is a boost from Kennedy-Wilson’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 4.09%. Kennedy-Wilson’s payout ratio is 523.12%.
In other news, Director Stanley R. Zax bought 50,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average cost of $19.18 per share, with a total value of $959,000.00. Following the completion of the acquisition, the director now owns 300,300 shares of the company’s stock, valued at $5,759,754. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.07% of the stock is currently owned by insiders.
Several research analysts recently commented on KW shares. BTIG Research reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson in a report on Tuesday, October 17th. Deutsche Bank restated a “hold” rating and set a $23.00 price objective on shares of Kennedy-Wilson in a research report on Monday, October 30th. ValuEngine cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, BidaskClub cut shares of Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $28.33.
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Kennedy-Wilson Company Profile
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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