Thrivent Financial for Lutherans Sells 1,458 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Thrivent Financial for Lutherans trimmed its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,343 shares of the financial services provider’s stock after selling 1,458 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of Kennedy-Wilson worth $913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Intech Investment Management LLC acquired a new position in Kennedy-Wilson during the third quarter worth about $245,000. Charles Schwab Investment Management Inc. increased its position in Kennedy-Wilson by 2.9% during the 3rd 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 in the last quarter. Cerity Partners LLC increased its position in Kennedy-Wilson by 90.3% during the 3rd quarter. Cerity Partners LLC now owns 79,998 shares of the financial services provider’s stock worth $884,000 after purchasing an additional 37,963 shares in 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 valued at $179,000 after purchasing an additional 1,182 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kennedy-Wilson by 4.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,840 shares of the financial services provider’s stock valued at $9,976,000 after buying an additional 41,918 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Stanley R. Zax purchased 41,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average cost of $8.56 per share, with a total value of $350,960.00. Following the completion of the transaction, the director now directly owns 547,400 shares of the company’s stock, valued at approximately $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cathy Hendrickson sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the completion of the transaction, the director now directly owns 98,318 shares of the company’s stock, valued at approximately $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kennedy-Wilson in a research report on Monday, February 24th. They set a “hold” rating and a $9.00 target price on the stock. StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Kennedy-Wilson Stock Down 1.7 %

Shares of NYSE:KW opened at $8.54 on Wednesday. Kennedy-Wilson Holdings, Inc. has a 1 year low of $8.02 and a 1 year high of $11.88. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The business’s 50-day moving average is $9.06 and its 200-day moving average is $10.11. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.31, a P/E/G ratio of 0.54 and a beta of 1.14.

Kennedy-Wilson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Monday, March 31st. Kennedy-Wilson’s payout ratio is -85.71%.

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.