Royce & Associates LP Acquires 325,737 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Royce & Associates LP grew its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,299,611 shares of the financial services provider’s stock after buying an additional 325,737 shares during the quarter. Kennedy-Wilson comprises 0.9% of Royce & Associates LP’s investment portfolio, making the stock its 5th biggest holding. Royce & Associates LP owned 0.07% of Kennedy-Wilson worth $92,903,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kennedy-Wilson by 70.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,304 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 37,437 shares during the period. Amundi increased its holdings in shares of Kennedy-Wilson by 43.5% in the 4th quarter. Amundi now owns 117,578 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 35,633 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kennedy-Wilson in the fourth quarter valued at about $2,801,000. Proficio Capital Partners LLC purchased a new stake in Kennedy-Wilson during the fourth quarter worth about $370,000. Finally, Atria Investments Inc grew its position in Kennedy-Wilson by 16.8% during the fourth quarter. Atria Investments Inc now owns 77,630 shares of the financial services provider’s stock worth $776,000 after buying an additional 11,148 shares during the period. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Stock Performance

NYSE:KW opened at $8.66 on Friday. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.90 and a twelve month high of $11.88. The company has a market capitalization of $1.20 billion, a P/E ratio of -3.36, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a 50-day moving average price of $9.16 and a two-hundred day moving average price of $10.31.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 5.54%. Kennedy-Wilson’s dividend payout ratio is currently -85.71%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KW shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They set a “hold” rating and a $9.00 price target for the company. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

Insider Activity at Kennedy-Wilson

In related news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total transaction of $258,600.00. Following the completion of the sale, the director now owns 98,318 shares in the company, valued at approximately $847,501.16. This trade represents a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.73% of the stock is owned by corporate insiders.

Kennedy-Wilson Profile

Kennedy-Wilson Holdings, Inc, together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.