Rockefeller Capital Management L.P. Has $26.35 Million Stock Holdings in Kennedy-Wilson Holdings Inc. $KW

Rockefeller Capital Management L.P. grew its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 5.4% in the 4th quarter, HoldingsChannel reports. The fund owned 2,725,276 shares of the financial services provider’s stock after buying an additional 140,351 shares during the period. Rockefeller Capital Management L.P.’s holdings in Kennedy-Wilson were worth $26,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KW. Sumitomo Mitsui Financial Group Inc. grew its holdings in Kennedy-Wilson by 916.0% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 2,765,866 shares of the financial services provider’s stock worth $21,601,000 after buying an additional 2,493,628 shares in the last quarter. Vision Capital Corp purchased a new stake in Kennedy-Wilson in the fourth quarter worth $12,661,000. Alberta Investment Management Corp increased its holdings in Kennedy-Wilson by 44.1% in the 4th quarter. Alberta Investment Management Corp now owns 4,100,322 shares of the financial services provider’s stock worth $39,650,000 after acquiring an additional 1,255,245 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Kennedy-Wilson in the fourth quarter worth about $8,961,000. Finally, UBS Group AG grew its stake in Kennedy-Wilson by 133.8% in the 3rd quarter. UBS Group AG now owns 1,390,609 shares of the financial services provider’s stock valued at $11,570,000 after buying an additional 795,844 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Price Performance

Shares of NYSE KW opened at $10.92 on Tuesday. The company has a debt-to-equity ratio of 6.26, a current ratio of 0.81 and a quick ratio of 0.81. Kennedy-Wilson Holdings Inc. has a one year low of $6.48 and a one year high of $11.09. The firm’s 50 day simple moving average is $10.96 and its two-hundred day simple moving average is $10.51. The stock has a market capitalization of $1.52 billion, a P/E ratio of 99.28 and a beta of 0.87.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.25. The business had revenue of $117.20 million during the quarter, compared to the consensus estimate of $91.69 million. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%.

Kennedy-Wilson Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kennedy-Wilson in a report on Friday, May 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $11.00.

Kennedy-Wilson Company Profile

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.