Handelsbanken Fonder AB Acquires 5,400 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Handelsbanken Fonder AB increased its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 18.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,176 shares of the financial services provider’s stock after acquiring an additional 5,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Kennedy-Wilson were worth $305,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KW. Harbor Capital Advisors Inc. increased its holdings in shares of Kennedy-Wilson by 3.0% in the first quarter. Harbor Capital Advisors Inc. now owns 773,511 shares of the financial services provider’s stock valued at $6,714,000 after purchasing an additional 22,456 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Kennedy-Wilson by 495.9% during the 1st quarter. GAMMA Investing LLC now owns 34,208 shares of the financial services provider’s stock worth $297,000 after buying an additional 28,467 shares during the period. Two Sigma Advisers LP grew its stake in Kennedy-Wilson by 75.0% in the 4th quarter. Two Sigma Advisers LP now owns 33,600 shares of the financial services provider’s stock valued at $336,000 after buying an additional 14,400 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in Kennedy-Wilson in the 4th quarter valued at about $114,000. Finally, ProShare Advisors LLC raised its holdings in Kennedy-Wilson by 44.3% in the 4th quarter. ProShare Advisors LLC now owns 34,357 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 10,547 shares during the period. Institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Performance

NYSE KW opened at $6.57 on Monday. The firm has a 50-day moving average price of $6.53 and a two-hundred day moving average price of $8.42. Kennedy-Wilson Holdings, Inc. has a 12-month low of $5.98 and a 12-month high of $11.88. The company has a market capitalization of $908.59 million, a P/E ratio of -2.55, a P/E/G ratio of 0.54 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). The company had revenue of $128.30 million during the quarter, compared to the consensus estimate of $227.14 million. Kennedy-Wilson had a negative net margin of 58.56% and a negative return on equity of 14.09%. Analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 2.87 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 30th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.31%. The ex-dividend date of this dividend is Monday, June 30th. Kennedy-Wilson’s dividend payout ratio (DPR) is currently -45.71%.

Insider Transactions at Kennedy-Wilson

In other news, Director Stanley R. Zax acquired 41,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the transaction, the director now directly owns 547,400 shares in the company, valued at approximately $4,685,744. This trade represents a 8.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William J. Mcmorrow bought 200,000 shares of Kennedy-Wilson stock in a transaction on Thursday, May 15th. The stock was acquired at an average cost of $6.36 per share, for a total transaction of $1,272,000.00. Following the acquisition, the chief executive officer now owns 8,049,517 shares in the company, valued at approximately $51,194,928.12. This represents a 2.55% increase in their position. The disclosure for this purchase can be found here. 20.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 price objective on the stock.

Kennedy-Wilson Company 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.