JPMorgan Chase & Co. Acquires 124,492 Shares of Kennedy-Wilson Holdings Inc. $KW

JPMorgan Chase & Co. boosted its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,183,187 shares of the financial services provider’s stock after buying an additional 124,492 shares during the period. JPMorgan Chase & Co. owned 0.86% of Kennedy-Wilson worth $9,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of KW. Evergreen Capital Management LLC raised its stake in shares of Kennedy-Wilson by 8,688.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,306,474 shares of the financial services provider’s stock worth $9,039,000 after acquiring an additional 1,291,608 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Kennedy-Wilson by 16.0% in the second quarter. Rockefeller Capital Management L.P. now owns 2,794,325 shares of the financial services provider’s stock worth $19,001,000 after purchasing an additional 385,561 shares during the last quarter. PDT Partners LLC grew its holdings in Kennedy-Wilson by 251.0% in the second quarter. PDT Partners LLC now owns 406,895 shares of the financial services provider’s stock worth $2,767,000 after purchasing an additional 290,969 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Kennedy-Wilson during the second quarter worth $1,979,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Kennedy-Wilson during the 2nd quarter valued at $1,585,000. Institutional investors own 87.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KW. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $11.00 price objective on shares of Kennedy-Wilson in a research report on Thursday, December 18th. Wall Street Zen cut Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings raised Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $11.00.

Kennedy-Wilson Trading Down 0.1%

NYSE:KW opened at $10.84 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of -37.38 and a beta of 0.98. The company has a current ratio of 0.79, a quick ratio of 1.24 and a debt-to-equity ratio of 5.75. Kennedy-Wilson Holdings Inc. has a 12 month low of $5.98 and a 12 month high of $10.99. The firm has a fifty day simple moving average of $10.14 and a 200-day simple moving average of $9.29.

Kennedy-Wilson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. Kennedy-Wilson’s payout ratio is currently -165.52%.

Kennedy-Wilson 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.