Nationwide Fund Advisors grew its position in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 173.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 238,610 shares of the financial services provider’s stock after acquiring an additional 151,224 shares during the quarter. Nationwide Fund Advisors owned about 0.21% of Kennedy-Wilson worth $4,426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KW. Russell Investments Group Ltd. lifted its position in Kennedy-Wilson by 116.3% in the second quarter. Russell Investments Group Ltd. now owns 378,727 shares of the financial services provider’s stock worth $7,213,000 after buying an additional 203,672 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Kennedy-Wilson by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 372,781 shares of the financial services provider’s stock worth $7,102,000 after buying an additional 17,536 shares during the last quarter. Alpine Woods Capital Investors LLC lifted its position in Kennedy-Wilson by 13.5% in the second quarter. Alpine Woods Capital Investors LLC now owns 25,285 shares of the financial services provider’s stock worth $482,000 after buying an additional 3,000 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Kennedy-Wilson by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 531,006 shares of the financial services provider’s stock worth $10,115,000 after buying an additional 13,377 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Kennedy-Wilson by 2.5% in the second quarter. Legal & General Group Plc now owns 30,580 shares of the financial services provider’s stock worth $582,000 after buying an additional 738 shares during the last quarter. Hedge funds and other institutional investors own 66.57% of the company’s stock.

Shares of Kennedy-Wilson Holdings Inc (NYSE:KW) opened at $17.95 on Friday. The stock has a market capitalization of $2,720.00, a price-to-earnings ratio of 42.26, a P/E/G ratio of 6.34 and a beta of 1.37. Kennedy-Wilson Holdings Inc has a 52-week low of $17.70 and a 52-week high of $22.65. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.15. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. The company had revenue of $277.20 million during the quarter, compared to the consensus estimate of $177.89 million. During the same period last year, the company earned ($0.03) earnings per share. Kennedy-Wilson’s revenue was up 59.0% on a year-over-year basis. analysts anticipate that Kennedy-Wilson Holdings Inc will post 0.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be paid a $0.19 dividend. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 28th. This represents a $0.76 dividend on an annualized basis and a yield of 4.23%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 523.08%.

In other Kennedy-Wilson news, Director Stanley R. Zax bought 50,000 shares of Kennedy-Wilson stock in a transaction on Thursday, November 30th. The shares were acquired at an average price of $19.18 per share, for a total transaction of $959,000.00. Following the completion of the purchase, the director now directly owns 300,300 shares in the company, valued at approximately $5,759,754. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 17.07% of the company’s stock.

A number of brokerages recently issued reports on KW. BidaskClub downgraded Kennedy-Wilson from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. ValuEngine downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. BTIG Research restated a “buy” rating and issued a $33.00 price target on shares of Kennedy-Wilson in a research report on Tuesday, October 17th. Finally, Deutsche Bank restated a “hold” rating and issued a $23.00 price target on shares of Kennedy-Wilson in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.33.

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Kennedy-Wilson Company 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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Institutional Ownership by Quarter for Kennedy-Wilson (NYSE:KW)

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