Kennedy-Wilson Holdings Inc. (KW) Holdings Lifted by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. raised its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 275.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,734 shares of the financial services provider’s stock after purchasing an additional 95,154 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.11% of Kennedy-Wilson Holdings worth $2,471,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of Kennedy-Wilson Holdings by 2.5% in the second quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 272 shares during the period. Amalgamated Bank boosted its holdings in Kennedy-Wilson Holdings by 3.7% during the second quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock worth $202,000 after buying an additional 377 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Kennedy-Wilson Holdings by 3.9% during the second quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock worth $192,000 after buying an additional 380 shares in the last quarter. Legal & General Group Plc boosted its holdings in Kennedy-Wilson Holdings by 2.5% during 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 in the last quarter. Finally, American International Group Inc. boosted its holdings in Kennedy-Wilson Holdings by 4.7% during the first quarter. American International Group Inc. now owns 49,686 shares of the financial services provider’s stock worth $1,103,000 after buying an additional 2,237 shares in the last quarter. Institutional investors and hedge funds own 84.42% of the company’s stock.
A number of analysts recently issued reports on KW shares. BidaskClub downgraded shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. BTIG Research reaffirmed a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson Holdings in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $29.67.
Shares of Kennedy-Wilson Holdings Inc. (KW) opened at 19.45 on Wednesday. The firm has a market capitalization of $2.22 billion, a PE ratio of 102.91 and a beta of 1.36. Kennedy-Wilson Holdings Inc. has a 52-week low of $17.95 and a 52-week high of $23.00. The company’s 50-day moving average is $18.94 and its 200 day moving average is $19.73.
Kennedy-Wilson Holdings (NYSE:KW) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.16. The company had revenue of $177.80 million during the quarter, compared to the consensus estimate of $178.55 million. Kennedy-Wilson Holdings had a net margin of 3.13% and a return on equity of 2.28%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) EPS. Equities analysts expect that Kennedy-Wilson Holdings Inc. will post ($0.29) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 29th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Thursday, September 28th. Kennedy-Wilson Holdings’s dividend payout ratio (DPR) is presently 377.80%.
Kennedy-Wilson Holdings 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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