State Street Corp increased its position in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,517,188 shares of the financial services provider’s stock after buying an additional 46,539 shares during the period. State Street Corp owned about 1.32% of Kennedy-Wilson Holdings worth $33,683,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KW. Swiss National Bank increased its stake in Kennedy-Wilson Holdings by 1.1% in the first quarter. Swiss National Bank now owns 158,900 shares of the financial services provider’s stock valued at $3,528,000 after buying an additional 1,700 shares in the last quarter. Trust Co. of Vermont boosted its position in Kennedy-Wilson Holdings by 2.2% in the first quarter. Trust Co. of Vermont now owns 25,250 shares of the financial services provider’s stock valued at $560,000 after buying an additional 550 shares during the last quarter. Comerica Bank boosted its position in Kennedy-Wilson Holdings by 10.4% in the first quarter. Comerica Bank now owns 266,248 shares of the financial services provider’s stock valued at $5,471,000 after buying an additional 25,102 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Kennedy-Wilson Holdings by 5.3% in the first quarter. Bank of New York Mellon Corp now owns 517,629 shares of the financial services provider’s stock valued at $11,491,000 after buying an additional 26,255 shares during the last quarter. Finally, IndexIQ Advisors LLC boosted its position in shares of Kennedy-Wilson Holdings by 15.2% in the first quarter. IndexIQ Advisors LLC now owns 102,215 shares of the financial services provider’s stock worth $2,269,000 after buying an additional 13,456 shares in the last quarter. 81.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kennedy-Wilson Holdings Inc. (KW) opened at 18.80 on Friday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 99.47 and a beta of 1.36. The firm’s 50-day moving average is $19.54 and its 200 day moving average is $20.40. Kennedy-Wilson Holdings Inc. has a one year low of $17.95 and a one year high of $23.77.
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 analysts’ consensus estimates of ($0.08) by $0.16. Kennedy-Wilson Holdings had a return on equity of 2.28% and a net margin of 3.13%. The company had revenue of $177.80 million during the quarter, compared to analysts’ expectations of $178.55 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. Kennedy-Wilson Holdings’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts predict that Kennedy-Wilson Holdings Inc. will post ($0.39) earnings per share for the current year.
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KW has been the subject of a number of recent research reports. Deutsche Bank AG cut shares of Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Tuesday, April 25th. JMP Securities lowered shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, May 5th. BTIG Research reissued a “buy” rating and set a $33.00 price objective on shares of Kennedy-Wilson Holdings in a report on Thursday, June 15th. Finally, BidaskClub lowered shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $28.50.
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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