Geode Capital Management LLC Purchases 20,500 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Geode Capital Management LLC raised its holdings in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,859,103 shares of the financial services provider’s stock after purchasing an additional 20,500 shares during the quarter. Geode Capital Management LLC owned approximately 2.08% of Kennedy-Wilson worth $31,599,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Royce & Associates LP boosted its holdings in Kennedy-Wilson by 6.5% in the 3rd quarter. Royce & Associates LP now owns 8,973,874 shares of the financial services provider’s stock valued at $99,161,000 after purchasing an additional 544,495 shares during the period. Harbor Capital Advisors Inc. boosted its position in Kennedy-Wilson by 225.7% in 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 buying an additional 426,495 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Kennedy-Wilson by 156.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 320,300 shares of the financial services provider’s stock valued at $3,113,000 after acquiring an additional 195,300 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Kennedy-Wilson during the third quarter valued at about $1,996,000. Finally, Marshall Wace LLP bought a new stake in Kennedy-Wilson during the 2nd quarter worth approximately $1,721,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Kennedy-Wilson Stock Performance

NYSE:KW opened at $10.26 on Thursday. The company has a fifty day moving average of $11.04 and a 200-day moving average of $10.67. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $12.74. The firm has a market capitalization of $1.41 billion, a P/E ratio of -3.98, a P/E/G ratio of 0.70 and a beta of 1.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06.

Kennedy-Wilson Announces Dividend

The company 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 $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 4.68%. Kennedy-Wilson’s payout ratio is currently -18.60%.

Wall Street Analyst Weigh In

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

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.