Great West Life Assurance Co. Can Has $176,000 Position in Kennedy-Wilson Holdings Inc. (KW)
Great West Life Assurance Co. Can continued to hold its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,268 shares of the financial services provider’s stock at the end of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Kennedy-Wilson Holdings were worth $176,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of Montreal Can raised its position in shares of Kennedy-Wilson Holdings by 352.2% in the 1st quarter. Bank of Montreal Can now owns 12,427 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 9,679 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Kennedy-Wilson Holdings by 20.7% in the 1st quarter. Wells Fargo & Company MN now owns 161,753 shares of the financial services provider’s stock worth $3,590,000 after acquiring an additional 27,790 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Kennedy-Wilson Holdings by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 517,629 shares of the financial services provider’s stock worth $11,491,000 after acquiring an additional 26,255 shares in the last quarter. Swiss National Bank raised its position in shares of Kennedy-Wilson Holdings by 1.1% in the 1st quarter. Swiss National Bank now owns 158,900 shares of the financial services provider’s stock worth $3,528,000 after acquiring an additional 1,700 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Kennedy-Wilson Holdings by 11.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 38,822 shares of the financial services provider’s stock worth $862,000 after acquiring an additional 4,000 shares in the last quarter. 84.42% of the stock is owned by institutional investors and hedge funds.
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Kennedy-Wilson Holdings Inc. (KW) opened at 19.00 on Friday. The company’s 50-day moving average price is $19.36 and its 200 day moving average price is $20.13. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 100.53 and a beta of 1.37. Kennedy-Wilson Holdings Inc. has a 12 month low of $17.95 and a 12 month high of $23.77.
Kennedy-Wilson Holdings (NYSE:KW) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.16. The firm had revenue of $177.80 million during the quarter, compared to analyst estimates of $178.55 million. Kennedy-Wilson Holdings had a return on equity of 2.28% and a net margin of 3.13%. Kennedy-Wilson Holdings’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share. Analysts predict that Kennedy-Wilson Holdings Inc. will post ($0.29) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 29th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a yield of 3.58%. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is presently 377.80%.
KW has been the subject of several recent research reports. BidaskClub raised Kennedy-Wilson Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. BTIG Research reissued a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson Holdings in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $28.50.
Kennedy-Wilson Holdings 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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