Principal Financial Group Inc. Has $21.28 Million Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Principal Financial Group Inc. cut its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW – Get Rating) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,352,782 shares of the financial services provider’s stock after selling 1,076,391 shares during the period. Principal Financial Group Inc.’s holdings in Kennedy-Wilson were worth $21,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Denali Advisors LLC lifted its holdings in shares of Kennedy-Wilson by 6.6% in the fourth quarter. Denali Advisors LLC now owns 243,351 shares of the financial services provider’s stock valued at $3,828,000 after purchasing an additional 15,100 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Kennedy-Wilson by 9.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 145,526 shares of the financial services provider’s stock worth $2,289,000 after buying an additional 12,421 shares during the last quarter. UBS Group AG increased its position in Kennedy-Wilson by 175.6% during the fourth quarter. UBS Group AG now owns 127,713 shares of the financial services provider’s stock worth $2,009,000 after buying an additional 81,376 shares during the last quarter. Belpointe Asset Management LLC increased its position in Kennedy-Wilson by 4.7% during the fourth quarter. Belpointe Asset Management LLC now owns 41,253 shares of the financial services provider’s stock worth $649,000 after buying an additional 1,847 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Kennedy-Wilson by 79.9% during the fourth quarter. Van ECK Associates Corp now owns 12,246 shares of the financial services provider’s stock worth $193,000 after buying an additional 5,439 shares during the last quarter. 90.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KW has been the subject of several analyst reports. StockNews.com initiated coverage on Kennedy-Wilson in a report on Thursday. They issued a “hold” rating for the company. TheStreet lowered Kennedy-Wilson from a “b-” rating to a “c” rating in a research note on Thursday, May 4th.

Kennedy-Wilson Stock Performance

Shares of KW stock opened at $15.06 on Monday. Kennedy-Wilson Holdings, Inc. has a twelve month low of $13.97 and a twelve month high of $21.38. The company has a debt-to-equity ratio of 4.05, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day simple moving average is $16.03 and its 200 day simple moving average is $16.50.

Kennedy-Wilson (NYSE:KW – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $139.60 million for the quarter, compared to analyst estimates of $142.52 million. Kennedy-Wilson had a return on equity of 10.65% and a net margin of 2.34%. On average, sell-side analysts predict that Kennedy-Wilson Holdings, Inc. will post 0.54 earnings per share for the current fiscal year.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Friday, June 30th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.37%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -1,066.55%.

Kennedy-Wilson Profile

(Get Rating)

Kennedy-Wilson Holdings, Inc operates as a real estate investment company, which engages in the ownership, operation, development, and investment in real estate properties. It operates through the Consolidated Portfolio and Co-Investment Portfolio segments. The Consolidated Portfolio segment includes the investments that the company has made in real estate and real estate-related assets.