Fmr LLC Buys 1,182 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Fmr LLC raised its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,198 shares of the financial services provider’s stock after buying an additional 1,182 shares during the quarter. Fmr LLC’s holdings in Kennedy-Wilson were worth $179,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Atria Investments Inc bought a new stake in shares of Kennedy-Wilson during the third quarter valued at approximately $735,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Kennedy-Wilson in the 3rd quarter worth $1,996,000. Charles Schwab Investment Management Inc. raised its stake in shares of Kennedy-Wilson by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock worth $21,142,000 after purchasing an additional 53,185 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Kennedy-Wilson by 225.7% during the third quarter. Harbor Capital Advisors Inc. now owns 615,496 shares of the financial services provider’s stock valued at $6,801,000 after purchasing an additional 426,495 shares in the last quarter. Finally, Old West Investment Management LLC boosted its position in shares of Kennedy-Wilson by 7.9% during the second quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider’s stock valued at $6,732,000 after buying an additional 50,474 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Kennedy-Wilson Trading Up 0.7 %

Shares of NYSE:KW opened at $10.05 on Friday. The stock has a 50 day moving average of $11.06 and a 200 day moving average of $10.66. The company has a market cap of $1.38 billion, a PE ratio of -3.90, a price-to-earnings-growth ratio of 0.70 and a beta of 1.12. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $12.74. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.78%. Kennedy-Wilson’s dividend payout ratio is presently -18.60%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

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.