Fieldpoint Private Securities LLC Has $39,000 Stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Fieldpoint Private Securities LLC raised its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW – Get Rating) by 162.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,594 shares of the financial services provider’s stock after purchasing an additional 987 shares during the period. Fieldpoint Private Securities LLC’s holdings in Kennedy-Wilson were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Kennedy-Wilson by 10.8% during the 4th quarter. State Street Corp now owns 3,805,152 shares of the financial services provider’s stock worth $91,766,000 after buying an additional 371,516 shares in the last quarter. Millennium Management LLC grew its position in shares of Kennedy-Wilson by 856.2% during the 3rd quarter. Millennium Management LLC now owns 324,201 shares of the financial services provider’s stock valued at $6,782,000 after purchasing an additional 290,297 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of Kennedy-Wilson by 11.5% during the 4th quarter. Nuveen Asset Management LLC now owns 1,847,467 shares of the financial services provider’s stock valued at $44,118,000 after purchasing an additional 189,888 shares in the last quarter. Barclays PLC increased its stake in Kennedy-Wilson by 267.6% in the fourth quarter. Barclays PLC now owns 191,200 shares of the financial services provider’s stock valued at $4,565,000 after acquiring an additional 139,189 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Kennedy-Wilson during the 4th quarter valued at about $2,804,000. Institutional investors and hedge funds own 88.32% of the company’s stock.

Shares of NYSE:KW opened at $18.90 on Thursday. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.09 and a quick ratio of 1.09. Kennedy-Wilson Holdings, Inc. has a 1-year low of $18.34 and a 1-year high of $25.30. The company has a market capitalization of $3.08 billion, a P/E ratio of 7.53, a P/E/G ratio of 4.62 and a beta of 1.11. The firm’s 50 day simple moving average is $21.26 and its two-hundred day simple moving average is $22.48.

Kennedy-Wilson (NYSE:KW – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.17. Kennedy-Wilson had a net margin of 78.16% and a return on equity of 37.12%. The company had revenue of $124.70 million for the quarter, compared to analysts’ expectations of $184.80 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. Kennedy-Wilson’s quarterly revenue was up 25.5% on a year-over-year basis. On average, sell-side analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 1.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Wednesday, June 29th. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 38.25%.

A number of brokerages have commented on KW. StockNews.com initiated coverage on Kennedy-Wilson in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet lowered Kennedy-Wilson from a “b-” rating to a “c+” rating in a research report on Tuesday, May 10th.

Kennedy-Wilson Company Profile (Get Rating)

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, 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 office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

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