Bank of New York Mellon Corp grew its stake in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 539,084 shares of the financial services provider’s stock after acquiring an additional 8,078 shares during the quarter. Bank of New York Mellon Corp owned about 0.47% of Kennedy-Wilson worth $9,999,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Prudential Financial Inc. grew its holdings in shares of Kennedy-Wilson by 3.9% during the 2nd quarter. Prudential Financial Inc. now owns 10,085 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 380 shares during the period. Amalgamated Bank grew its holdings in shares of Kennedy-Wilson by 3.7% during the 2nd quarter. Amalgamated Bank now owns 10,612 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 377 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Kennedy-Wilson by 2.5% during the 2nd quarter. Principal Financial Group Inc. now owns 10,946 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 272 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Kennedy-Wilson by 528.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,037 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 9,282 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Kennedy-Wilson during the 2nd quarter worth about $225,000. 66.57% of the stock is owned by institutional investors.
In other Kennedy-Wilson news, Director Stanley R. Zax bought 50,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were bought at an average cost of $19.18 per share, with a total value of $959,000.00. Following the transaction, the director now directly owns 300,300 shares in the company, valued at approximately $5,759,754. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.07% of the company’s stock.
Kennedy-Wilson Holdings Inc (NYSE KW) opened at $17.40 on Tuesday. The firm has a market capitalization of $2,635.13, a P/E ratio of 133.86, a price-to-earnings-growth ratio of 6.21 and a beta of 1.37. Kennedy-Wilson Holdings Inc has a fifty-two week low of $17.15 and a fifty-two week high of $22.65. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.74 and a quick ratio of 2.74.
Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.15. The firm had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $177.89 million. Kennedy-Wilson had a return on equity of 2.04% and a net margin of 1.94%. Kennedy-Wilson’s quarterly revenue was up 59.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.03) EPS. equities analysts forecast that Kennedy-Wilson Holdings Inc will post 0.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Kennedy-Wilson’s previous quarterly dividend of $0.17. Kennedy-Wilson’s dividend payout ratio is currently 523.12%.
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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