Kennedy-Wilson Holdings Inc. $KW Shares Sold by Quilter Plc

Quilter Plc reduced its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 51.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,523 shares of the financial services provider’s stock after selling 84,208 shares during the quarter. Quilter Plc owned 0.06% of Kennedy-Wilson worth $779,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in Kennedy-Wilson by 6.4% in the third quarter. Sei Investments Co. now owns 30,804 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 1,863 shares during the period. Aberdeen Group plc increased its stake in Kennedy-Wilson by 4.9% during the 4th quarter. Aberdeen Group plc now owns 42,759 shares of the financial services provider’s stock valued at $413,000 after buying an additional 1,980 shares during the period. AlphaQuest LLC raised its position in shares of Kennedy-Wilson by 4.9% during the 3rd quarter. AlphaQuest LLC now owns 43,551 shares of the financial services provider’s stock worth $362,000 after buying an additional 2,047 shares in the last quarter. CWM LLC lifted its stake in shares of Kennedy-Wilson by 98.9% in the 3rd quarter. CWM LLC now owns 4,681 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 2,327 shares during the period. Finally, Inscription Capital LLC lifted its stake in shares of Kennedy-Wilson by 18.2% in the 3rd quarter. Inscription Capital LLC now owns 17,096 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 2,628 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KW. JPMorgan Chase & Co. reissued an “underweight” rating and set a $11.00 target price on shares of Kennedy-Wilson in a report on Thursday, December 18th. Weiss Ratings upgraded Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $11.00.

Kennedy-Wilson Stock Performance

Shares of KW opened at $10.87 on Monday. The company has a debt-to-equity ratio of 5.75, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50 day moving average is $10.55 and its 200-day moving average is $9.61. Kennedy-Wilson Holdings Inc. has a 12-month low of $5.98 and a 12-month high of $10.99. The stock has a market capitalization of $1.50 billion, a P/E ratio of -37.46 and a beta of 0.93.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.4%. Kennedy-Wilson’s dividend payout ratio (DPR) is currently -165.52%.

Kennedy-Wilson 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.