Legacy Capital Group California Inc. Buys 5,672 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Legacy Capital Group California Inc. lifted its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 48.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,260 shares of the financial services provider’s stock after acquiring an additional 5,672 shares during the period. Legacy Capital Group California Inc.’s holdings in Kennedy-Wilson were worth $191,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elkhorn Partners Limited Partnership grew its stake in Kennedy-Wilson by 2.9% in the first quarter. Elkhorn Partners Limited Partnership now owns 4,338,723 shares of the financial services provider’s stock valued at $37,226,000 after acquiring an additional 121,223 shares during the period. Bank of New York Mellon Corp grew its position in shares of Kennedy-Wilson by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider’s stock valued at $13,004,000 after purchasing an additional 104,577 shares during the period. ProShare Advisors LLC increased its stake 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 purchasing an additional 205,890 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Kennedy-Wilson by 1,238.7% during the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock worth $6,047,000 after buying an additional 652,116 shares during the period. Finally, Old West Investment Management LLC lifted its stake in Kennedy-Wilson by 7.9% in 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 in the last quarter. Institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kennedy-Wilson Trading Down 2.3 %

NYSE:KW opened at $10.94 on Friday. The company has a market cap of $1.50 billion, a P/E ratio of -4.08, a price-to-earnings-growth ratio of 0.67 and a beta of 1.10. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $13.48. The business has a 50 day moving average price of $10.95 and a two-hundred day moving average price of $10.17. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.67.

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

Kennedy-Wilson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 annualized dividend and a yield of 4.39%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -17.91%.

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.