Thrivent Financial for Lutherans Decreases Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Thrivent Financial for Lutherans reduced its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,801 shares of the financial services provider’s stock after selling 4,242 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Kennedy-Wilson worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in Kennedy-Wilson by 229.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 2,029 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Kennedy-Wilson by 68.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 1,346 shares during the last quarter. Quarry LP purchased a new stake in Kennedy-Wilson in the 2nd quarter worth approximately $45,000. KBC Group NV raised its holdings in Kennedy-Wilson by 53.1% in the 3rd quarter. KBC Group NV now owns 4,884 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 1,693 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Kennedy-Wilson by 298.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 4,320 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Stock Up 0.1 %

Shares of KW opened at $11.59 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The firm has a market cap of $1.59 billion, a PE ratio of -4.49, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10. The company’s fifty day moving average is $11.05 and its two-hundred day moving average is $10.59. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $13.27.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 4.14%. Kennedy-Wilson’s dividend payout ratio is currently -18.60%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. StockNews.com lowered Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd. 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 research note 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.