Marshall Wace LLP Takes Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Marshall Wace LLP bought a new position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 177,099 shares of the financial services provider’s stock, valued at approximately $1,721,000. Marshall Wace LLP owned approximately 0.13% of Kennedy-Wilson at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Texas Permanent School Fund Corp raised its holdings in shares of Kennedy-Wilson by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 103,185 shares of the financial services provider’s stock valued at $885,000 after purchasing an additional 1,309 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Kennedy-Wilson by 68.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 3,320 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,346 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Kennedy-Wilson by 229.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock worth $28,000 after buying an additional 2,029 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of Kennedy-Wilson by 5.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 51,382 shares of the financial services provider’s stock worth $499,000 after acquiring an additional 2,451 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Kennedy-Wilson by 298.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 4,320 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Down 0.3 %

KW opened at $10.87 on Friday. Kennedy-Wilson Holdings, Inc. has a one year low of $7.85 and a one year high of $14.50. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $1.49 billion, a P/E ratio of -5.52, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. The business’s 50-day simple moving average is $10.78 and its 200-day simple moving average is $9.92.

Kennedy-Wilson (NYSE:KW) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.12. The company had revenue of $132.00 million for the quarter, compared to analyst estimates of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The firm’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. Analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 2.88 EPS for the current year.

Kennedy-Wilson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 30th were given a $0.12 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 4.42%. Kennedy-Wilson’s dividend payout ratio (DPR) is -24.37%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KW shares. JPMorgan Chase & Co. boosted their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. StockNews.com downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd.

Kennedy-Wilson Company 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.