Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,115,960 shares of the financial services provider’s stock after selling 149,967 shares during the period. Bank of New York Mellon Corp owned about 0.81% of Kennedy-Wilson worth $11,148,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. KBC Group NV raised its position in shares of Kennedy-Wilson by 53.1% in the third 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 last quarter. Los Angeles Capital Management LLC purchased a new stake in Kennedy-Wilson during the 3rd quarter valued at about $116,000. Quantinno Capital Management LP raised its holdings in Kennedy-Wilson by 13.3% in the 3rd quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,686 shares during the last quarter. FMR LLC lifted its stake in Kennedy-Wilson by 7.9% in the 3rd quarter. FMR LLC now owns 16,198 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Legacy Capital Group California Inc. boosted its holdings in shares of Kennedy-Wilson by 12.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 19,466 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 2,206 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Stock Performance

Kennedy-Wilson stock opened at $8.75 on Friday. The firm has a 50 day simple moving average of $9.19 and a 200-day simple moving average of $10.33. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -3.39, a price-to-earnings-growth 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 1-year low of $7.85 and a 1-year high of $11.88.

Kennedy-Wilson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 31st will be given a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 5.49%. Kennedy-Wilson’s payout ratio is -85.71%.

Analyst Ratings Changes

KW has been the subject of several recent research reports. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft began coverage on Kennedy-Wilson in a research note on Monday, February 24th. They issued a “hold” rating and a $9.00 target price for the company.

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.