Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,539,609 shares of the financial services provider’s stock after purchasing an additional 421,365 shares during the quarter. Mackenzie Financial Corp’s holdings in Kennedy-Wilson were worth $56,200,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in Kennedy-Wilson by 0.3% in the fourth quarter. Alliancebernstein L.P. now owns 184,564 shares of the financial services provider’s stock worth $2,903,000 after purchasing an additional 560 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Kennedy-Wilson by 1.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 57,469 shares of the financial services provider’s stock worth $1,088,000 after purchasing an additional 590 shares during the period. Great West Life Assurance Co. Can lifted its holdings in Kennedy-Wilson by 2.1% in the first quarter. Great West Life Assurance Co. Can now owns 41,723 shares of the financial services provider’s stock worth $1,080,000 after purchasing an additional 858 shares during the period. FMR LLC lifted its holdings in Kennedy-Wilson by 34.8% in the first quarter. FMR LLC now owns 5,090 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 1,315 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its holdings in Kennedy-Wilson by 3.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 35,319 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 1,325 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Price Performance

Shares of Kennedy-Wilson stock opened at $8.09 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.25. The company’s 50-day moving average price is $8.80 and its two-hundred day moving average price is $10.97. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $17.43.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) EPS for the quarter, missing the consensus estimate of $0.03 by ($1.44). The business had revenue of $140.10 million during the quarter. Kennedy-Wilson had a negative return on equity of 16.94% and a negative net margin of 55.65%. Equities research analysts expect that Kennedy-Wilson Holdings, Inc. will post -1.36 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.96 annualized dividend and a yield of 11.87%. Kennedy-Wilson’s payout ratio is presently -39.02%.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Kennedy-Wilson from a “c-” rating to a “d+” rating in a research report on Thursday, February 22nd.

Kennedy-Wilson Company Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.