Kennedy-Wilson Holdings Inc (KW) Shares Bought by Sei Investments Co.

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Sei Investments Co. lifted its position in Kennedy-Wilson Holdings Inc (NYSE:KW) by 60.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,260 shares of the financial services provider’s stock after buying an additional 2,355 shares during the quarter. Sei Investments Co.’s holdings in Kennedy-Wilson were worth $132,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Great West Life Assurance Co. Can raised its holdings in shares of Kennedy-Wilson by 29.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 18,752 shares of the financial services provider’s stock valued at $327,000 after buying an additional 4,217 shares during the period. LPL Financial LLC raised its holdings in shares of Kennedy-Wilson by 7.2% in the 1st quarter. LPL Financial LLC now owns 71,006 shares of the financial services provider’s stock valued at $1,236,000 after buying an additional 4,799 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in shares of Kennedy-Wilson in the 2nd quarter valued at $230,000. Xact Kapitalforvaltning AB raised its holdings in shares of Kennedy-Wilson by 33.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 21,076 shares of the financial services provider’s stock valued at $367,000 after buying an additional 5,300 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Kennedy-Wilson in the 1st quarter valued at $113,000. Hedge funds and other institutional investors own 85.42% of the company’s stock.

Several research firms recently issued reports on KW. ValuEngine upgraded Kennedy-Wilson from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Deutsche Bank upped their price target on Kennedy-Wilson from $22.00 to $26.00 and gave the stock a “hold” rating in a report on Tuesday, June 26th. JMP Securities upped their price target on Kennedy-Wilson from $23.00 to $24.00 and gave the stock a “market outperform” rating in a report on Thursday, August 2nd. Finally, TheStreet upgraded Kennedy-Wilson from a “c” rating to a “b” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.33.

NYSE KW traded down $0.14 during trading hours on Friday, hitting $19.19. 894,365 shares of the company were exchanged, compared to its average volume of 850,830. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 1.05. Kennedy-Wilson Holdings Inc has a 52-week low of $15.95 and a 52-week high of $22.27. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 42.64 and a beta of 1.38.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.71. The business had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $189.78 million. Kennedy-Wilson had a return on equity of 11.75% and a net margin of 22.76%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Friday, September 28th were given a $0.76 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This is a boost from Kennedy-Wilson’s previous quarterly dividend of $0.19. This represents a $3.04 dividend on an annualized basis and a dividend yield of 15.84%. Kennedy-Wilson’s dividend payout ratio is 168.89%.

Kennedy-Wilson Profile

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.

Further Reading: Cash Flow Analysis in Stock Selection

Institutional Ownership by Quarter for Kennedy-Wilson (NYSE:KW)

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