Thompson Siegel & Walmsley LLC decreased its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW – Free Report) by 11.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 616,801 shares of the financial services provider’s stock after selling 79,591 shares during the period. Thompson Siegel & Walmsley LLC owned 0.44% of Kennedy-Wilson worth $10,072,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Yousif Capital Management LLC acquired a new position in shares of Kennedy-Wilson in the first quarter valued at approximately $1,093,000. American Century Companies Inc. increased its holdings in shares of Kennedy-Wilson by 17.8% in the first quarter. American Century Companies Inc. now owns 1,157,444 shares of the financial services provider’s stock valued at $18,936,000 after purchasing an additional 175,180 shares during the period. Duality Advisers LP acquired a new position in shares of Kennedy-Wilson in the first quarter valued at approximately $1,365,000. Ellevest Inc. increased its holdings in shares of Kennedy-Wilson by 113.3% in the first quarter. Ellevest Inc. now owns 8,959 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 4,759 shares during the period. Finally, Mutual of America Capital Management LLC acquired a new position in shares of Kennedy-Wilson in the first quarter valued at approximately $400,000. Institutional investors and hedge funds own 87.33% of the company’s stock.
Analyst Upgrades and Downgrades
KW has been the topic of a number of recent analyst reports. Bank of America lowered Kennedy-Wilson from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $18.00 to $6.00 in a report on Tuesday, November 7th. StockNews.com lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Kennedy-Wilson from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd.
Insider Buying and Selling
In related news, CEO William J. Mcmorrow purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $12.32 per share, with a total value of $1,232,000.00. Following the acquisition, the chief executive officer now owns 8,599,517 shares in the company, valued at approximately $105,946,049.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 23.70% of the company’s stock.
Kennedy-Wilson Price Performance
KW stock traded up $0.03 on Friday, reaching $11.60. 899,212 shares of the company’s stock were exchanged, compared to its average volume of 1,322,250. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 4.16. The stock has a fifty day moving average of $13.74 and a 200-day moving average of $15.27. Kennedy-Wilson Holdings, Inc. has a twelve month low of $10.68 and a twelve month high of $18.90.
Kennedy-Wilson Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 29th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 8.28%. The ex-dividend date is Thursday, December 28th. Kennedy-Wilson’s dividend payout ratio (DPR) is -184.61%.
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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