Kennedy-Wilson Holdings Inc (KW) Holdings Trimmed by Citadel Advisors LLC
Citadel Advisors LLC decreased its stake in Kennedy-Wilson Holdings Inc (NYSE:KW) by 41.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,014 shares of the financial services provider’s stock after selling 62,824 shares during the quarter. Citadel Advisors LLC owned approximately 0.08% of Kennedy-Wilson worth $1,632,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in KW. Vanguard Group Inc. boosted its position in Kennedy-Wilson by 3.6% during the second quarter. Vanguard Group Inc. now owns 7,596,624 shares of the financial services provider’s stock worth $144,716,000 after acquiring an additional 263,567 shares during the last quarter. CI Investments Inc. boosted its holdings in Kennedy-Wilson by 86.6% in the 3rd quarter. CI Investments Inc. now owns 2,939,428 shares of the financial services provider’s stock valued at $54,526,000 after purchasing an additional 1,364,317 shares during the last quarter. Fiduciary Management Inc. WI boosted its holdings in Kennedy-Wilson by 1.1% in the 2nd quarter. Fiduciary Management Inc. WI now owns 2,495,763 shares of the financial services provider’s stock valued at $47,544,000 after purchasing an additional 26,313 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kennedy-Wilson by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,431,812 shares of the financial services provider’s stock valued at $46,326,000 after purchasing an additional 194,829 shares during the last quarter. Finally, State Street Corp boosted its holdings in Kennedy-Wilson by 6.3% in the 2nd quarter. State Street Corp now owns 1,613,426 shares of the financial services provider’s stock valued at $30,737,000 after purchasing an additional 96,238 shares during the last quarter. Institutional investors and hedge funds own 66.57% of the company’s stock.
Shares of Kennedy-Wilson Holdings Inc (NYSE KW) traded down $0.30 on Wednesday, reaching $19.05. 1,471,400 shares of the company traded hands, compared to its average volume of 800,572. Kennedy-Wilson Holdings Inc has a 1 year low of $17.95 and a 1 year high of $22.65. The stock has a market cap of $2,930.44, a P/E ratio of 46.07, a P/E/G ratio of 6.91 and a beta of 1.37. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.74 and a current ratio of 2.74.
Kennedy-Wilson (NYSE:KW) last announced its earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.15. Kennedy-Wilson had a net margin of 1.94% and a return on equity of 2.04%. The firm had revenue of $277.20 million for the quarter, compared to the consensus estimate of $177.89 million. During the same period in the prior year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was up 59.0% on a year-over-year basis. research analysts predict that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 29th will be paid a dividend of $0.19 per share. This is an increase from Kennedy-Wilson’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 3.99%. The ex-dividend date is Thursday, December 28th. Kennedy-Wilson’s dividend payout ratio is presently 523.12%.
In other news, Director Stanley R. Zax purchased 50,000 shares of the stock in a transaction on Thursday, November 30th. The stock was bought at an average price of $19.18 per share, for a total transaction of $959,000.00. Following the acquisition, the director now directly owns 300,300 shares of the company’s stock, valued at approximately $5,759,754. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.07% of the company’s stock.
Several equities analysts have weighed in on the stock. ValuEngine lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Deutsche Bank reissued a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson in a research note on Monday, October 30th. BTIG Research reissued a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson in a research note on Tuesday, October 17th. Finally, BidaskClub downgraded shares of Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $28.33.
TRADEMARK VIOLATION NOTICE: “Kennedy-Wilson Holdings Inc (KW) Holdings Trimmed by Citadel Advisors LLC” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/kennedy-wilson-holdings-inc-kw-holdings-trimmed-by-citadel-advisors-llc/1747461.html.
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
Want to see what other hedge funds are holding KW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kennedy-Wilson Holdings Inc (NYSE:KW).
Receive News & Ratings for Kennedy-Wilson Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kennedy-Wilson Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.