Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 556,763 shares of the financial services provider’s stock after selling 19,562 shares during the period. Principal Financial Group Inc. owned about 0.41% of Kennedy-Wilson worth $6,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its holdings in Kennedy-Wilson by 68.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,346 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in Kennedy-Wilson by 2.6% in the third quarter. Dynamic Advisor Solutions LLC now owns 52,734 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 1,352 shares during the period. Delta Investment Management LLC boosted its stake in shares of Kennedy-Wilson by 6.1% in the second quarter. Delta Investment Management LLC now owns 26,071 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 1,500 shares during the period. GAMMA Investing LLC lifted its stake in shares of Kennedy-Wilson by 229.3% in the second quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 2,029 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Kennedy-Wilson by 12.3% in the third quarter. Van ECK Associates Corp now owns 19,542 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 2,145 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Price Performance

NYSE KW opened at $10.98 on Thursday. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $13.27. 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 stock has a market cap of $1.51 billion, a price-to-earnings ratio of -4.28, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The company has a 50-day moving average price of $11.01 and a two-hundred day moving average price of $10.50.

Kennedy-Wilson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Tuesday, December 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -18.60%.

Analysts Set New Price Targets

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

About Kennedy-Wilson

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.