Kennedy-Wilson Holdings Inc. $KW Shares Sold by UBS Group AG

UBS Group AG trimmed its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 69.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 425,757 shares of the financial services provider’s stock after selling 964,852 shares during the quarter. UBS Group AG owned 0.31% of Kennedy-Wilson worth $4,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mackenzie Financial Corp lifted its holdings in Kennedy-Wilson by 0.7% in the 3rd quarter. Mackenzie Financial Corp now owns 4,438,912 shares of the financial services provider’s stock valued at $36,932,000 after acquiring an additional 29,241 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in Kennedy-Wilson by 7.3% in the 3rd quarter. Alberta Investment Management Corp now owns 2,845,077 shares of the financial services provider’s stock valued at $23,671,000 after acquiring an additional 194,755 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. lifted its holdings 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 valued at $21,601,000 after acquiring an additional 2,493,628 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Kennedy-Wilson by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,183,187 shares of the financial services provider’s stock valued at $9,844,000 after acquiring an additional 124,492 shares during the last quarter. Finally, Van Den Berg Management I Inc. lifted its holdings in Kennedy-Wilson by 21.9% in the 3rd quarter. Van Den Berg Management I Inc. now owns 974,334 shares of the financial services provider’s stock valued at $8,106,000 after acquiring an additional 174,815 shares during the last quarter. 87.72% of the stock is owned by institutional investors and hedge funds.

Kennedy-Wilson Price Performance

Shares of NYSE KW opened at $10.99 on Friday. The firm has a 50-day moving average of $10.92 and a two-hundred day moving average of $10.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 6.26. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 99.87 and a beta of 0.88. Kennedy-Wilson Holdings Inc. has a twelve month low of $6.00 and a twelve month high of $11.09.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.25. The firm had revenue of $117.20 million for the quarter, compared to the consensus estimate of $91.69 million. Kennedy-Wilson had a return on equity of 23.82% and a net margin of 12.08%.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, June 11th. Kennedy-Wilson’s payout ratio is presently 436.36%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kennedy-Wilson currently has an average rating of “Reduce” and a consensus price target of $11.00.

Kennedy-Wilson Profile

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.