Rhumbline Advisers Cuts Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Rhumbline Advisers trimmed its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 3.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 366,681 shares of the financial services provider’s stock after selling 14,109 shares during the period. Rhumbline Advisers’ holdings in Kennedy-Wilson were worth $3,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Kennedy-Wilson by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,607,615 shares of the financial services provider’s stock valued at $19,902,000 after acquiring an additional 70,978 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Kennedy-Wilson by 131.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,215 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,259 shares during the period. Norges Bank purchased a new stake in shares of Kennedy-Wilson during the 4th quarter valued at $8,078,000. Quest Partners LLC bought a new stake in shares of Kennedy-Wilson during the 4th quarter worth $187,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Kennedy-Wilson in the 4th quarter worth about $278,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Down 0.4 %

KW stock opened at $11.22 on Wednesday. The stock has a fifty day moving average of $10.62 and a 200-day moving average of $9.69. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $16.62. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -5.70, a PEG ratio of 0.66 and a beta of 1.11. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.16 and a current ratio of 1.16.

Kennedy-Wilson (NYSE:KW) last issued its earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 59.78% and a negative return on equity of 13.90%. During the same quarter last year, the business earned $0.28 earnings per share. The company’s quarterly revenue was down 9.9% on a year-over-year basis. As a group, equities research analysts predict that Kennedy-Wilson Holdings, Inc. will post 2.88 earnings per share for the current year.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 4.28%. Kennedy-Wilson’s dividend payout ratio is -24.37%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Kennedy-Wilson from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. StockNews.com lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, September 2nd.

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.