Sumitomo Mitsui Financial Group Inc. Raises Position in Kennedy-Wilson Holdings Inc. $KW

Sumitomo Mitsui Financial Group Inc. lifted its stake in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 916.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,765,866 shares of the financial services provider’s stock after acquiring an additional 2,493,628 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Kennedy-Wilson were worth $21,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in Kennedy-Wilson by 506.0% during the third quarter. SG Americas Securities LLC now owns 61,704 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 51,522 shares during the period. Old West Investment Management LLC raised its stake in shares of Kennedy-Wilson by 13.3% in the second quarter. Old West Investment Management LLC now owns 726,430 shares of the financial services provider’s stock worth $4,940,000 after buying an additional 85,210 shares during the period. Geode Capital Management LLC lifted its position in shares of Kennedy-Wilson by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 3,095,587 shares of the financial services provider’s stock valued at $21,051,000 after buying an additional 122,357 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of Kennedy-Wilson by 8,688.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,306,474 shares of the financial services provider’s stock valued at $9,039,000 after acquiring an additional 1,291,608 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Kennedy-Wilson by 16.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 2,794,325 shares of the financial services provider’s stock valued at $19,001,000 after acquiring an additional 385,561 shares during the period. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Price Performance

KW opened at $10.85 on Friday. The company has a market capitalization of $1.50 billion, a PE ratio of -37.41 and a beta of 1.02. The firm has a 50-day simple moving average of $10.00 and a two-hundred day simple moving average of $9.17. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 5.99. Kennedy-Wilson Holdings Inc. has a 52 week low of $5.98 and a 52 week high of $10.95.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Tuesday, March 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.4%. Kennedy-Wilson’s payout ratio is presently -184.62%.

Analyst Upgrades and Downgrades

KW has been the topic of several analyst reports. Wall Street Zen downgraded shares of Kennedy-Wilson from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Kennedy-Wilson in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $11.00 price target on shares of Kennedy-Wilson in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell” and a consensus target price of $11.00.

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.