KBC Group NV Increases Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

KBC Group NV increased its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 53.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,884 shares of the financial services provider’s stock after acquiring an additional 1,693 shares during the period. KBC Group NV’s holdings in Kennedy-Wilson were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of KW. Los Angeles Capital Management LLC purchased a new stake in Kennedy-Wilson during the third quarter valued at about $116,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Kennedy-Wilson in the 3rd quarter valued at approximately $1,996,000. Atria Investments Inc purchased a new stake in shares of Kennedy-Wilson in the 3rd quarter worth about $735,000. Van ECK Associates Corp increased its stake in shares of Kennedy-Wilson by 12.3% during the third quarter. Van ECK Associates Corp now owns 19,542 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 2,145 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Kennedy-Wilson by 225.7% in the third quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider’s stock worth $6,801,000 after acquiring an additional 426,495 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Trading Up 0.5 %

NYSE KW opened at $11.03 on Friday. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $13.27. The company’s 50-day moving average price is $11.01 and its 200-day moving average price is $10.52. The stock has a market cap of $1.52 billion, a PE ratio of -4.27, a PEG ratio of 0.71 and a beta of 1.10. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 4.35%. Kennedy-Wilson’s payout ratio is currently -18.60%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of 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 shares of Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research 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.