Kennedy-Wilson Holdings, Inc. (NYSE:KW) Stock Holdings Lessened by M&T Bank Corp

M&T Bank Corp cut its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,940 shares of the financial services provider’s stock after selling 1,421 shares during the quarter. M&T Bank Corp’s holdings in Kennedy-Wilson were worth $129,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KW. Atria Investments Inc bought a new stake in Kennedy-Wilson in the 3rd quarter valued at about $735,000. State of New Jersey Common Pension Fund D acquired a new position in Kennedy-Wilson during the 3rd quarter valued at about $1,996,000. Los Angeles Capital Management LLC acquired a new position in Kennedy-Wilson during the 3rd quarter valued at about $116,000. KBC Group NV increased its stake in Kennedy-Wilson by 53.1% during the 3rd quarter. KBC Group NV now owns 4,884 shares of the financial services provider’s stock valued at $54,000 after buying an additional 1,693 shares during the period. Finally, Quest Partners LLC increased its stake in Kennedy-Wilson by 580.9% during the 3rd quarter. Quest Partners LLC now owns 149,357 shares of the financial services provider’s stock valued at $1,650,000 after buying an additional 127,423 shares during the period. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kennedy-Wilson in a research note on Monday, February 24th. They set a “hold” rating and a $9.00 target price on the stock. StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Kennedy-Wilson Stock Performance

Shares of KW opened at $8.66 on Friday. The firm’s 50 day moving average is $9.16 and its 200-day moving average is $10.31. The stock has a market capitalization of $1.20 billion, a P/E ratio of -3.36, a P/E/G ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.90 and a 12-month high of $11.88.

Kennedy-Wilson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 5.54%. Kennedy-Wilson’s dividend payout ratio is currently -85.71%.

Insider Transactions at Kennedy-Wilson

In other news, Director Cathy Hendrickson sold 30,000 shares of Kennedy-Wilson stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the transaction, the director now directly owns 98,318 shares of the company’s stock, valued at $847,501.16. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 22.73% of the company’s stock.

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.