Amalgamated Bank Has $348,000 Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Amalgamated Bank lessened its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,853 shares of the financial services provider’s stock after selling 1,030 shares during the period. Amalgamated Bank’s holdings in Kennedy-Wilson were worth $348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Kennedy-Wilson during the fourth quarter worth about $8,078,000. Capstone Investment Advisors LLC acquired a new stake in Kennedy-Wilson during the 4th quarter valued at $278,000. Old West Investment Management LLC raised its position in Kennedy-Wilson by 19.7% in the 4th quarter. Old West Investment Management LLC now owns 536,843 shares of the financial services provider’s stock valued at $6,646,000 after purchasing an additional 88,178 shares during the last quarter. PenderFund Capital Management Ltd. boosted its stake in Kennedy-Wilson by 69.8% in the fourth quarter. PenderFund Capital Management Ltd. now owns 69,860 shares of the financial services provider’s stock worth $865,000 after purchasing an additional 28,710 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new stake in shares of Kennedy-Wilson in the first quarter valued at $208,000. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Performance

Shares of NYSE:KW opened at $11.14 on Monday. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $14.98. The business has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $9.83. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67. The stock has a market capitalization of $1.53 billion, a P/E ratio of -5.65, a P/E/G ratio of 0.68 and a beta of 1.11.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.12. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The company had revenue of $132.00 million for the quarter, compared to the consensus estimate of $100.66 million. During the same quarter in the prior year, the business posted $0.28 EPS. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. Equities analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.31%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -24.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KW shares. JPMorgan Chase & Co. increased their price objective on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. StockNews.com cut shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd.

Kennedy-Wilson Profile

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.