Rockefeller Capital Management L.P. Has $26.35 Million Stake in Kennedy-Wilson Holdings Inc. $KW

Rockefeller Capital Management L.P. grew its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,725,276 shares of the financial services provider’s stock after acquiring an additional 140,351 shares during the period. Rockefeller Capital Management L.P. owned 1.97% of Kennedy-Wilson worth $26,353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Wyoming bought a new position in Kennedy-Wilson during the second quarter worth about $58,000. Advisory Services Network LLC acquired a new position in Kennedy-Wilson in the 3rd quarter valued at $71,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Kennedy-Wilson in the third quarter valued at about $86,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Kennedy-Wilson during the 4th quarter worth approximately $89,000. Finally, Tower Research Capital LLC TRC grew its position in Kennedy-Wilson by 305.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,559 shares of the financial services provider’s stock worth $92,000 after buying an additional 10,215 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Stock Performance

Shares of Kennedy-Wilson stock opened at $10.92 on Tuesday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 99.28 and a beta of 0.87. The company’s fifty day moving average is $10.96 and its 200 day moving average is $10.51. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 6.26. Kennedy-Wilson Holdings Inc. has a twelve month low of $6.48 and a twelve month high of $11.09.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.25. The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $91.69 million. Kennedy-Wilson had a return on equity of 23.82% and a net margin of 12.08%.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, June 11th. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 436.36%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kennedy-Wilson in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $11.00.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.