Norges Bank Buys Shares of 652,484 Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Norges Bank bought a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KWFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 652,484 shares of the financial services provider’s stock, valued at approximately $8,078,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of KW. Arizona State Retirement System increased its stake in shares of Kennedy-Wilson by 17.0% in the 3rd quarter. Arizona State Retirement System now owns 31,751 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 4,624 shares in the last quarter. Barclays PLC boosted its holdings in Kennedy-Wilson by 58.1% in the 3rd quarter. Barclays PLC now owns 163,483 shares of the financial services provider’s stock worth $2,409,000 after buying an additional 60,074 shares during the period. Swiss National Bank boosted its holdings in Kennedy-Wilson by 16.6% in the 3rd quarter. Swiss National Bank now owns 245,168 shares of the financial services provider’s stock worth $3,614,000 after buying an additional 34,900 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Kennedy-Wilson by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,536,637 shares of the financial services provider’s stock worth $22,650,000 after buying an additional 85,481 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Kennedy-Wilson by 3.9% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 35,319 shares of the financial services provider’s stock worth $521,000 after buying an additional 1,325 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Stock Down 1.9 %

KW opened at $10.08 on Friday. The firm has a 50-day simple moving average of $9.25 and a two-hundred day simple moving average of $10.13. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $17.43. The company has a market capitalization of $1.39 billion, a PE ratio of -5.12 and a beta of 1.09. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.34.

Kennedy-Wilson (NYSE:KWGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of ($0.42) by $0.92. Kennedy-Wilson had a negative net margin of 41.31% and a negative return on equity of 7.88%. The business had revenue of $136.40 million during the quarter. Analysts forecast that Kennedy-Wilson Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, June 28th. Kennedy-Wilson’s payout ratio is -48.73%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KW shares. StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, May 31st. TheStreet downgraded shares of Kennedy-Wilson from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd.

Get Our Latest Research Report on KW

Kennedy-Wilson Profile

(Free Report)

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.

See Also

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

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