Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 183.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 296,282 shares of the financial services provider’s stock after buying an additional 191,790 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of Kennedy-Wilson worth $3,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Atria Investments Inc purchased a new position in Kennedy-Wilson during the third quarter worth $735,000. State of New Jersey Common Pension Fund D purchased a new stake in Kennedy-Wilson during the 3rd quarter worth about $1,996,000. Charles Schwab Investment Management Inc. raised its stake in Kennedy-Wilson by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock valued at $21,142,000 after purchasing an additional 53,185 shares during the last quarter. Jane Street Group LLC lifted its holdings in Kennedy-Wilson by 2.1% in the 3rd quarter. Jane Street Group LLC now owns 265,217 shares of the financial services provider’s stock valued at $2,931,000 after purchasing an additional 5,477 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Kennedy-Wilson by 225.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider’s stock worth $6,801,000 after purchasing an additional 426,495 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Kennedy-Wilson Trading Up 3.0 %

NYSE:KW opened at $9.21 on Monday. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $11.88. 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 company has a market cap of $1.26 billion, a PE ratio of -3.57, a P/E/G ratio of 0.54 and a beta of 1.14. The business’s 50 day moving average is $10.48 and its two-hundred day moving average is $10.65.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 5.21%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -18.60%.

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.