Truist Financial Corp Reduces Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Truist Financial Corp lowered its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KWGet Rating) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,857 shares of the financial services provider’s stock after selling 6,134 shares during the period. Truist Financial Corp owned approximately 0.12% of Kennedy-Wilson worth $2,579,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Kennedy-Wilson by 1.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 57,469 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 590 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Kennedy-Wilson by 15.3% in the second quarter. Nisa Investment Advisors LLC now owns 5,430 shares of the financial services provider’s stock worth $103,000 after buying an additional 720 shares during the last quarter. Benson Investment Management Company Inc. increased its stake in shares of Kennedy-Wilson by 0.7% in the second quarter. Benson Investment Management Company Inc. now owns 118,801 shares of the financial services provider’s stock worth $2,238,000 after buying an additional 800 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Kennedy-Wilson by 1.6% in the second quarter. Atria Wealth Solutions Inc. now owns 49,708 shares of the financial services provider’s stock worth $953,000 after buying an additional 801 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Kennedy-Wilson by 3.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 25,313 shares of the financial services provider’s stock worth $477,000 after buying an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Evercore ISI dropped their price target on shares of Kennedy-Wilson to $21.00 in a research note on Tuesday, November 15th. JPMorgan Chase & Co. lowered shares of Kennedy-Wilson from an “overweight” rating to a “neutral” rating and set a $21.00 price target for the company. in a research note on Friday, December 16th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kennedy-Wilson from $26.00 to $21.00 in a research note on Wednesday, September 28th. Finally, StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Sunday, November 6th.

Kennedy-Wilson Stock Performance

Kennedy-Wilson stock opened at $16.32 on Monday. The company has a market cap of $2.25 billion, a PE ratio of 29.14, a P/E/G ratio of 4.36 and a beta of 1.12. The company has a fifty day moving average price of $16.25 and a two-hundred day moving average price of $17.30. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.98 and a quick ratio of 0.98. Kennedy-Wilson Holdings, Inc. has a 12 month low of $13.97 and a 12 month high of $25.30.

Kennedy-Wilson (NYSE:KWGet Rating) last released its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $139.60 million during the quarter, compared to the consensus estimate of $138.41 million. Kennedy-Wilson had a net margin of 20.21% and a return on equity of 20.58%. Research analysts expect that Kennedy-Wilson Holdings, Inc. will post 1.62 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Friday, December 30th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend was Thursday, December 29th. Kennedy-Wilson’s dividend payout ratio (DPR) is 171.43%.

About Kennedy-Wilson

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

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