BNP Paribas Arbitrage SA Has $210,000 Holdings in Kennedy-Wilson Holdings Inc. (KW)
BNP Paribas Arbitrage SA raised its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 528.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,037 shares of the financial services provider’s stock after purchasing an additional 9,282 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Kennedy-Wilson Holdings were worth $210,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of KW. BlackRock Inc. grew its stake in Kennedy-Wilson Holdings by 39,149.9% in the first quarter. BlackRock Inc. now owns 6,261,152 shares of the financial services provider’s stock valued at $138,997,000 after purchasing an additional 6,245,200 shares in the last quarter. Ranger Global Real Estate Advisors LLC bought a new position in Kennedy-Wilson Holdings in the second quarter valued at approximately $13,916,000. Vanguard Group Inc. grew its stake in Kennedy-Wilson Holdings by 10.3% in the first quarter. Vanguard Group Inc. now owns 7,333,057 shares of the financial services provider’s stock valued at $162,795,000 after purchasing an additional 685,496 shares in the last quarter. Mackenzie Financial Corp grew its stake in Kennedy-Wilson Holdings by 81.9% in the first quarter. Mackenzie Financial Corp now owns 1,429,882 shares of the financial services provider’s stock valued at $31,743,000 after purchasing an additional 643,822 shares in the last quarter. Finally, Fiduciary Management Inc. WI grew its stake in Kennedy-Wilson Holdings by 27.6% in the first quarter. Fiduciary Management Inc. WI now owns 2,469,450 shares of the financial services provider’s stock valued at $54,822,000 after purchasing an additional 534,060 shares in the last quarter. Hedge funds and other institutional investors own 84.42% of the company’s stock.
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Kennedy-Wilson Holdings Inc. (NYSE:KW) opened at 18.70 on Friday. Kennedy-Wilson Holdings Inc. has a 52 week low of $17.95 and a 52 week high of $23.77. The company has a market capitalization of $2.14 billion, a P/E ratio of 98.94 and a beta of 1.37. The stock’s 50 day moving average price is $19.29 and its 200 day moving average price is $20.05.
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 consensus estimate of ($0.08) by $0.16. The company 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 quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share. Analysts anticipate that Kennedy-Wilson Holdings Inc. will post ($0.29) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 29th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio is presently 377.80%.
Several research analysts have recently commented on the company. BidaskClub upgraded Kennedy-Wilson Holdings from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. BTIG Research reiterated a “buy” rating and set a $33.00 target price on shares of Kennedy-Wilson Holdings in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $28.50.
About Kennedy-Wilson Holdings
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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