Mackenzie Financial Corp Sells 25,445 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Mackenzie Financial Corp lowered its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 0.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,591,810 shares of the financial services provider’s stock after selling 25,445 shares during the period. Mackenzie Financial Corp owned about 3.34% of Kennedy-Wilson worth $44,632,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Elkhorn Partners Limited Partnership grew its holdings in shares of Kennedy-Wilson by 2.9% during the first quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider’s stock worth $37,226,000 after purchasing an additional 121,223 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Kennedy-Wilson by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider’s stock worth $13,004,000 after acquiring an additional 104,577 shares during the last quarter. ProShare Advisors LLC grew its holdings in Kennedy-Wilson by 31.1% during the 1st quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock worth $7,448,000 after acquiring an additional 205,890 shares during the last quarter. BNP Paribas Financial Markets increased its position in Kennedy-Wilson by 1,238.7% in the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock valued at $6,047,000 after acquiring an additional 652,116 shares during the period. Finally, Old West Investment Management LLC raised its stake 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 acquiring an additional 50,474 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KW has been the subject of a number of recent research reports. StockNews.com downgraded Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. JPMorgan Chase & Co. increased their price target on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th.

Kennedy-Wilson Trading Up 0.4 %

NYSE:KW opened at $11.14 on Friday. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $14.98. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s fifty day moving average is $10.75 and its 200-day moving average is $9.82. The firm has a market cap of $1.53 billion, a P/E ratio of -5.65, a P/E/G ratio of 0.68 and a beta of 1.11.

Kennedy-Wilson (NYSE:KW) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.12. The firm had revenue of $132.00 million during the quarter, compared to analyst estimates of $100.66 million. Kennedy-Wilson had a negative return on equity of 13.90% and a negative net margin of 59.78%. The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. Equities analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current year.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.31%. The ex-dividend date is Monday, September 30th. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -24.37%.

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.