Amalgamated Bank Decreases Stake in Kennedy-Wilson Holdings Inc. (NYSE:KW)
Amalgamated Bank cut its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 0.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,235 shares of the financial services provider’s stock after selling 4 shares during the period. Amalgamated Bank’s holdings in Kennedy-Wilson Holdings were worth $227,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of KW. BlackRock Inc. boosted its position in Kennedy-Wilson Holdings by 39,149.9% in the first quarter. BlackRock Inc. now owns 6,261,152 shares of the financial services provider’s stock valued at $138,997,000 after buying an additional 6,245,200 shares in the last quarter. Norges Bank purchased a new position in Kennedy-Wilson Holdings during the fourth quarter valued at about $19,814,000. Vanguard Group Inc. boosted its position in Kennedy-Wilson Holdings by 10.3% in the first quarter. Vanguard Group Inc. now owns 7,333,057 shares of the financial services provider’s stock valued at $162,795,000 after buying an additional 685,496 shares in the last quarter. Mackenzie Financial Corp boosted its position in Kennedy-Wilson Holdings by 81.9% in the first quarter. Mackenzie Financial Corp now owns 1,429,882 shares of the financial services provider’s stock valued at $31,743,000 after buying an additional 643,822 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in Kennedy-Wilson Holdings by 27.6% in the first quarter. Fiduciary Management Inc. WI now owns 2,469,450 shares of the financial services provider’s stock worth $54,822,000 after buying an additional 534,060 shares in the last quarter. Hedge funds and other institutional investors own 81.60% of the company’s stock.
Kennedy-Wilson Holdings Inc. (KW) traded down 0.79% during trading on Friday, reaching $18.80. 772,988 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 99.47 and a beta of 1.36. Kennedy-Wilson Holdings Inc. has a 52 week low of $17.95 and a 52 week high of $23.77. The stock has a 50-day moving average price of $19.54 and a 200 day moving average price of $20.40.
Kennedy-Wilson Holdings (NYSE:KW) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.16. The company had revenue of $177.80 million for the quarter, compared to analyst estimates of $178.55 million. Kennedy-Wilson Holdings had a net margin of 3.13% and a return on equity of 2.28%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.02) EPS. Equities research analysts forecast that Kennedy-Wilson Holdings Inc. will post ($0.39) earnings per share for the current fiscal year.
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KW has been the subject of a number of research analyst reports. Deutsche Bank AG cut shares of Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Tuesday, April 25th. JMP Securities cut shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. BTIG Research restated a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson Holdings in a research report on Thursday, June 15th. Finally, BidaskClub cut shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Kennedy-Wilson Holdings presently has a consensus rating of “Buy” and a consensus price target of $28.50.
About Kennedy-Wilson Holdings
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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