SG Americas Securities LLC Invests $306,000 in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

SG Americas Securities LLC purchased a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,728 shares of the financial services provider’s stock, valued at approximately $306,000.

Other institutional investors also recently bought and sold shares of the company. SteelPeak Wealth LLC purchased a new stake in shares of Kennedy-Wilson during the 1st quarter worth $208,000. BNP Paribas Financial Markets increased its holdings in Kennedy-Wilson by 1,238.7% in the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock worth $6,047,000 after acquiring an additional 652,116 shares in the last quarter. Capstone Investment Advisors LLC lifted its stake in Kennedy-Wilson by 132.9% in the 1st quarter. Capstone Investment Advisors LLC now owns 52,346 shares of the financial services provider’s stock valued at $449,000 after buying an additional 29,873 shares in the last quarter. Easterly Investment Partners LLC acquired a new stake in shares of Kennedy-Wilson in the first quarter worth approximately $5,007,000. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Kennedy-Wilson by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 103,185 shares of the financial services provider’s stock worth $885,000 after buying an additional 1,309 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. StockNews.com lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd.

Kennedy-Wilson Trading Up 1.0 %

Shares of KW stock opened at $11.17 on Friday. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick ratio of 1.16. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $13.56. The business’s fifty day moving average price is $10.88 and its 200 day moving average price is $10.09. The firm has a market capitalization of $1.54 billion, a PE ratio of -5.67, a P/E/G ratio of 0.65 and a beta of 1.10.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.12. The business had revenue of $132.00 million for the quarter, compared to analyst estimates of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. As a group, sell-side analysts forecast that Kennedy-Wilson Holdings, Inc. will post 2.88 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 30th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Monday, September 30th. Kennedy-Wilson’s dividend payout ratio is presently -24.37%.

Kennedy-Wilson Company 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.