Great West Life Assurance Co. Can Increases Position in Kennedy-Wilson Holdings Inc (KW)
Great West Life Assurance Co. Can boosted its position in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 46.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,616 shares of the financial services provider’s stock after buying an additional 4,348 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Kennedy-Wilson were worth $253,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Kennedy-Wilson in the 3rd quarter valued at $129,000. Prudential Financial Inc. boosted its position in shares of Kennedy-Wilson by 3.9% in the 2nd quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 380 shares during the period. Amalgamated Bank boosted its position in shares of Kennedy-Wilson by 3.7% in the 2nd quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 377 shares during the period. Principal Financial Group Inc. boosted its position in shares of Kennedy-Wilson by 2.5% in the 2nd quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 272 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Kennedy-Wilson by 528.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 9,282 shares during the period. 66.57% of the stock is owned by institutional investors and hedge funds.
KW has been the subject of a number of recent analyst reports. BTIG Research reiterated a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson in a research report on Tuesday, October 17th. Deutsche Bank reiterated a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson in a research report on Monday, October 30th. Finally, ValuEngine lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.33.
Shares of Kennedy-Wilson Holdings Inc (NYSE KW) opened at $17.40 on Tuesday. The stock has a market capitalization of $2,635.13, a PE ratio of 133.86, a P/E/G ratio of 6.21 and a beta of 1.37. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74. Kennedy-Wilson Holdings Inc has a one year low of $17.15 and a one year high of $22.65.
Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.15. The firm had revenue of $277.20 million during the quarter, compared to the consensus estimate of $177.89 million. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The business’s revenue for the quarter was up 59.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.03) EPS. analysts predict that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 29th will be paid a $0.19 dividend. 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 4.37%. The ex-dividend date of this dividend is Thursday, December 28th. Kennedy-Wilson’s dividend payout ratio is currently 523.12%.
In other Kennedy-Wilson news, Director Stanley R. Zax acquired 50,000 shares of Kennedy-Wilson stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average cost of $19.18 per share, with a total value of $959,000.00. Following the purchase, the director now owns 300,300 shares in the company, valued at $5,759,754. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.07% of the stock is currently owned by corporate insiders.
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Kennedy-Wilson 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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