Credit Industriel ET Commercial Invests $931,000 in Kennedy-Wilson Holdings Inc. $KW

Credit Industriel ET Commercial acquired a new stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 86,000 shares of the financial services provider’s stock, valued at approximately $931,000. Credit Industriel ET Commercial owned approximately 0.06% of Kennedy-Wilson at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new stake in Kennedy-Wilson in the 1st quarter valued at about $3,454,000. Pictet Asset Management Holding SA increased its stake in Kennedy-Wilson by 35.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 19,832 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 5,187 shares during the period. Louisiana State Employees Retirement System acquired a new position in Kennedy-Wilson in the 1st quarter valued at $576,000. Hsbc Holdings PLC grew its holdings in shares of Kennedy-Wilson by 10.6% during the 4th quarter. Hsbc Holdings PLC now owns 214,904 shares of the financial services provider’s stock worth $2,077,000 after purchasing an additional 20,614 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Kennedy-Wilson by 5.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,725,276 shares of the financial services provider’s stock valued at $26,353,000 after purchasing an additional 140,351 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Stock Performance

NYSE KW opened at $10.92 on Tuesday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 99.28 and a beta of 0.87. 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. The stock has a fifty day simple moving average of $10.96 and a 200 day simple moving average of $10.59.

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

Kennedy-Wilson Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Kennedy-Wilson in a report on Friday, May 29th. One equities research analyst has rated the stock with a Hold rating and one has issued 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.

About Kennedy-Wilson

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.