SeaBridge Investment Advisors LLC lessened its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,088 shares of the financial services provider’s stock after selling 3,993 shares during the period. SeaBridge Investment Advisors LLC owned 0.06% of Kennedy-Wilson worth $1,711,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of KW. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Kennedy-Wilson in the 1st quarter valued at about $51,000. US Bancorp DE lifted its stake in shares of Kennedy-Wilson by 284.5% in the second quarter. US Bancorp DE now owns 9,202 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 6,809 shares during the period. Rafferty Asset Management LLC bought a new stake in Kennedy-Wilson in the second quarter valued at approximately $202,000. Natixis Advisors L.P. acquired a new stake in shares of Kennedy-Wilson during the first quarter worth $204,000. Finally, The PNC Financial Services Group Inc. raised its position in shares of Kennedy-Wilson by 12.3% in the 1st quarter. The PNC Financial Services Group Inc. now owns 10,925 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 1,199 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Shares of NYSE:KW traded up $0.16 during trading on Wednesday, reaching $21.65. 3,344 shares of the stock were exchanged, compared to its average volume of 431,097. Kennedy-Wilson Holdings, Inc. has a 1-year low of $12.77 and a 1-year high of $22.35. The stock has a fifty day moving average of $20.79 and a two-hundred day moving average of $20.41. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 7th. Investors of record on Thursday, September 30th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.06%. Kennedy-Wilson’s dividend payout ratio is presently 40.37%.
In related news, CEO William J. Mcmorrow acquired 100,000 shares of the stock in a transaction dated Tuesday, August 10th. The stock was purchased at an average cost of $21.10 per share, with a total value of $2,110,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.10% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on KW shares. Zacks Investment Research upgraded shares of Kennedy-Wilson from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, May 28th. Evercore ISI reissued a “buy” rating and set a $24.00 price objective on shares of Kennedy-Wilson in a research report on Thursday, July 1st.
Kennedy-Wilson Holdings, Inc engages in the ownership, operation, development, and investment in real estate properties. It operates through the Consolidated Portfolio and Co-investment Portfolio segments. The Consolidated Portfolio segment includes the investments that the company has made in real estate and real estate-related assets and consolidates on its balance sheet.
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