Boston Partners decreased its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW – Free Report) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,198,782 shares of the financial services provider’s stock after selling 6,268 shares during the quarter. Boston Partners’ holdings in Kennedy-Wilson were worth $19,594,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in Kennedy-Wilson by 80.8% in the 1st quarter. BlackRock Inc. now owns 21,516,531 shares of the financial services provider’s stock valued at $356,959,000 after acquiring an additional 9,617,307 shares during the period. State Street Corp grew its stake in Kennedy-Wilson by 48.4% in the 1st quarter. State Street Corp now owns 7,247,244 shares of the financial services provider’s stock valued at $121,891,000 after acquiring an additional 2,365,203 shares during the period. Dimensional Fund Advisors LP grew its stake in Kennedy-Wilson by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,515,462 shares of the financial services provider’s stock valued at $106,397,000 after acquiring an additional 917,831 shares during the period. Royce & Associates LP grew its stake in Kennedy-Wilson by 3.3% in the 2nd quarter. Royce & Associates LP now owns 6,033,324 shares of the financial services provider’s stock valued at $98,524,000 after acquiring an additional 192,220 shares during the period. Finally, Copeland Capital Management LLC grew its stake in Kennedy-Wilson by 4.3% in the 2nd quarter. Copeland Capital Management LLC now owns 2,871,859 shares of the financial services provider’s stock valued at $46,897,000 after acquiring an additional 119,054 shares during the period. Institutional investors and hedge funds own 87.33% of the company’s stock.
Insider Transactions at Kennedy-Wilson
In related news, CEO William J. Mcmorrow purchased 100,000 shares of Kennedy-Wilson stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $12.32 per share, for a total transaction of $1,232,000.00. Following the acquisition, the chief executive officer now directly owns 8,599,517 shares in the company, valued at $105,946,049.44. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 23.70% of the company’s stock.
Kennedy-Wilson Trading Up 0.3 %
Kennedy-Wilson Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.96 annualized dividend and a dividend yield of 8.28%. Kennedy-Wilson’s dividend payout ratio is presently -184.61%.
Wall Street Analyst Weigh In
KW has been the topic of a number of research analyst reports. Bank of America cut shares of Kennedy-Wilson from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $6.00 in a research note on Tuesday, November 7th. JPMorgan Chase & Co. dropped their price target on shares of Kennedy-Wilson from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Finally, StockNews.com lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Friday, November 3rd.
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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