Quilter Plc Has $779,000 Stock Position in Kennedy-Wilson Holdings Inc. $KW

Quilter Plc reduced its position in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 51.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 80,523 shares of the financial services provider’s stock after selling 84,208 shares during the quarter. Quilter Plc’s holdings in Kennedy-Wilson were worth $779,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. boosted its stake in Kennedy-Wilson by 916.0% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider’s stock worth $21,601,000 after purchasing an additional 2,493,628 shares during the period. Evergreen Capital Management LLC raised its stake in Kennedy-Wilson by 8,688.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,306,474 shares of the financial services provider’s stock valued at $9,039,000 after purchasing an additional 1,291,608 shares during the period. UBS Group AG lifted its holdings in shares of Kennedy-Wilson by 133.8% in the third quarter. UBS Group AG now owns 1,390,609 shares of the financial services provider’s stock valued at $11,570,000 after purchasing an additional 795,844 shares in the last quarter. PDT Partners LLC lifted its holdings in shares of Kennedy-Wilson by 251.0% in the second quarter. PDT Partners LLC now owns 406,895 shares of the financial services provider’s stock valued at $2,767,000 after purchasing an additional 290,969 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Kennedy-Wilson in the second quarter worth $1,585,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Stock Down 0.0%

KW stock opened at $10.87 on Monday. The company has a 50 day moving average of $10.55 and a two-hundred day moving average of $9.61. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -37.46 and a beta of 0.93. Kennedy-Wilson Holdings Inc. has a 12-month low of $5.98 and a 12-month high of $10.99. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 5.75.

Kennedy-Wilson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -165.52%.

Analyst Ratings Changes

KW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $11.00 price target on shares of Kennedy-Wilson in a report on Thursday, December 18th. Weiss Ratings upgraded Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $11.00.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.