Creative Planning Acquires 14,133 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Creative Planning raised its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 11.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,351 shares of the financial services provider’s stock after acquiring an additional 14,133 shares during the quarter. Creative Planning owned approximately 0.10% of Kennedy-Wilson worth $1,474,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in KW. GAMMA Investing LLC grew its position 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 acquiring an additional 2,029 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of 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 purchasing an additional 1,346 shares during the last quarter. Quarry LP bought a new stake in shares of Kennedy-Wilson during the second quarter worth about $45,000. Nisa Investment Advisors LLC increased its stake in shares of Kennedy-Wilson by 298.1% in the second quarter. Nisa Investment Advisors LLC now owns 5,769 shares of the financial services provider’s stock valued at $57,000 after buying an additional 4,320 shares during the period. Finally, EntryPoint Capital LLC bought a new position in Kennedy-Wilson in the 1st quarter valued at approximately $73,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Kennedy-Wilson Price Performance

Kennedy-Wilson stock opened at $10.99 on Wednesday. The stock’s 50 day moving average is $10.97 and its 200 day moving average is $10.23. Kennedy-Wilson Holdings, Inc. has a one year low of $7.85 and a one year high of $13.48. The firm has a market cap of $1.51 billion, a P/E ratio of -4.10, a P/E/G ratio of 0.67 and a beta of 1.10. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.16 and a quick ratio of 1.16.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.12. Kennedy-Wilson had a negative net margin of 59.78% and a negative return on equity of 13.90%. The company had revenue of $132.00 million for the quarter, compared to analyst estimates of $100.66 million. During the same period in the prior year, the firm posted $0.28 EPS. The company’s quarterly revenue was down 9.9% on a year-over-year basis. As a group, research analysts expect 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. Shareholders of record on Monday, September 30th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 4.37%. Kennedy-Wilson’s payout ratio is currently -17.91%.

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.