Citigroup Inc. raised its stake in Kennedy-Wilson Holdings Inc (NYSE:KW) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,547 shares of the financial services provider’s stock after purchasing an additional 9,805 shares during the period. Citigroup Inc. owned 0.05% of Kennedy-Wilson worth $1,318,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in shares of Kennedy-Wilson by 15.9% during the 3rd quarter. Bank of Montreal Can now owns 29,172 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 3,995 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Kennedy-Wilson by 218.5% during the 3rd quarter. First Trust Advisors LP now owns 155,508 shares of the financial services provider’s stock worth $3,343,000 after purchasing an additional 106,678 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Kennedy-Wilson by 126.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 160,065 shares of the financial services provider’s stock worth $3,441,000 after purchasing an additional 89,333 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Kennedy-Wilson by 63.4% during the 3rd quarter. Wells Fargo & Company MN now owns 427,373 shares of the financial services provider’s stock worth $9,189,000 after purchasing an additional 165,825 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Kennedy-Wilson by 813.4% during the 3rd quarter. SG Americas Securities LLC now owns 158,605 shares of the financial services provider’s stock worth $3,410,000 after purchasing an additional 141,241 shares in the last quarter. Hedge funds and other institutional investors own 82.60% of the company’s stock.
A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Kennedy-Wilson in a research note on Wednesday, December 19th. They set an “overweight” rating and a $25.00 price objective for the company. BTIG Research set a $33.00 price objective on shares of Kennedy-Wilson and gave the stock a “buy” rating in a research note on Thursday, December 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $26.75.
Shares of KW opened at $21.37 on Friday. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.12 and a quick ratio of 1.12. Kennedy-Wilson Holdings Inc has a 1-year low of $16.50 and a 1-year high of $22.27. The company has a market cap of $2.98 billion, a PE ratio of 11.88 and a beta of 1.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.93%.
In other Kennedy-Wilson news, President Mary Ricks sold 91,100 shares of Kennedy-Wilson stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $20.10, for a total value of $1,831,110.00. Following the completion of the sale, the president now directly owns 1,818,159 shares of the company’s stock, valued at approximately $36,544,995.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Aidan Hugh Boucher bought 7,100 shares of the stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $21.00 per share, with a total value of $149,100.00. Following the completion of the purchase, the director now directly owns 22,100 shares in the company, valued at approximately $464,100. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 256,036 shares of company stock valued at $5,054,295. Corporate insiders own 14.58% of the company’s stock.
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Kennedy-Wilson Company Profile
Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.
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