Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 38.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,870 shares of the financial services provider’s stock after selling 9,306 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Kennedy-Wilson were worth $149,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in Kennedy-Wilson by 6.5% during the third quarter. Royce & Associates LP now owns 8,973,874 shares of the financial services provider’s stock worth $99,161,000 after purchasing an additional 544,495 shares during the period. Alberta Investment Management Corp raised its position in shares of Kennedy-Wilson by 17.5% in the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock worth $26,477,000 after buying an additional 395,000 shares during the period. JPMorgan Chase & Co. raised its position in shares of Kennedy-Wilson by 183.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock worth $3,274,000 after buying an additional 191,790 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Kennedy-Wilson in the third quarter valued at $1,996,000. Finally, Barclays PLC grew its position in Kennedy-Wilson by 265.2% during the third quarter. Barclays PLC now owns 192,837 shares of the financial services provider’s stock valued at $2,130,000 after acquiring an additional 140,039 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KW has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 price objective on the stock. StockNews.com upgraded shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Kennedy-Wilson Stock Up 1.4 %

Shares of Kennedy-Wilson stock opened at $9.97 on Thursday. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $11.88. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -3.86, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. 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 company has a fifty day moving average price of $9.27 and a 200 day moving average price of $10.38.

Kennedy-Wilson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Monday, March 31st. Kennedy-Wilson’s payout ratio is -85.71%.

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.