Credit Suisse AG cut its position in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 14.8% during the first quarter, Holdings Channel reports. The firm owned 80,428 shares of the financial services provider’s stock after selling 13,970 shares during the period. Credit Suisse AG’s holdings in Kennedy-Wilson Holdings were worth $1,785,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Central Securities Corp bought a new stake in Kennedy-Wilson Holdings during the first quarter worth about $2,271,000. JPMorgan Chase & Co. raised its stake in Kennedy-Wilson Holdings by 80.6% in the first quarter. JPMorgan Chase & Co. now owns 183,629 shares of the financial services provider’s stock worth $4,077,000 after buying an additional 81,977 shares during the period. American International Group Inc. raised its stake in Kennedy-Wilson Holdings by 4.7% in the first quarter. American International Group Inc. now owns 49,686 shares of the financial services provider’s stock worth $1,103,000 after buying an additional 2,237 shares during the period. UBS Asset Management Americas Inc. raised its stake in Kennedy-Wilson Holdings by 11.5% in the first quarter. UBS Asset Management Americas Inc. now owns 38,822 shares of the financial services provider’s stock worth $862,000 after buying an additional 4,000 shares during the period. Finally, BB&T Securities LLC raised its stake in Kennedy-Wilson Holdings by 0.7% in the first quarter. BB&T Securities LLC now owns 57,236 shares of the financial services provider’s stock worth $1,270,000 after buying an additional 392 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) traded down 0.888% during trading on Friday, reaching $19.525. The company’s stock had a trading volume of 491,292 shares. Kennedy-Wilson Holdings Inc. has a 52 week low of $17.95 and a 52 week high of $23.77. The company has a market cap of $2.23 billion, a PE ratio of 103.307 and a beta of 1.36. The stock’s 50 day moving average price is $19.44 and its 200 day moving average price is $20.44.

Kennedy-Wilson Holdings (NYSE:KW) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.16. The business had revenue of $177.80 million for the quarter, compared to analyst estimates of $178.55 million. Kennedy-Wilson Holdings had a return on equity of 2.28% and a net margin of 3.13%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.02) EPS. Equities research analysts predict that Kennedy-Wilson Holdings Inc. will post ($0.23) EPS for the current year.

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KW has been the subject of a number of research analyst reports. Deutsche Bank AG lowered shares of Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research report on Tuesday, April 25th. JMP Securities lowered shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. BTIG Research reissued a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson Holdings in a research report on Thursday, June 15th. Finally, BidaskClub lowered shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.50.

Kennedy-Wilson Holdings Company Profile

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.

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

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