Stonegate Investment Group LLC Makes New Investment in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Stonegate Investment Group LLC bought a new position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 11,111 shares of the financial services provider’s stock, valued at approximately $95,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. boosted its holdings in Kennedy-Wilson by 2.9% during the third quarter. Invesco Ltd. now owns 2,377,751 shares of the financial services provider’s stock worth $35,048,000 after buying an additional 66,623 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Kennedy-Wilson by 10.2% during the 4th quarter. Mackenzie Financial Corp now owns 4,539,609 shares of the financial services provider’s stock worth $56,200,000 after acquiring an additional 421,365 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kennedy-Wilson by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,536,637 shares of the financial services provider’s stock worth $22,650,000 after acquiring an additional 85,481 shares during the period. Barclays PLC increased its stake in Kennedy-Wilson by 58.1% in the 3rd quarter. Barclays PLC now owns 163,483 shares of the financial services provider’s stock valued at $2,409,000 after purchasing an additional 60,074 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Kennedy-Wilson during the third quarter worth $269,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, TheStreet lowered Kennedy-Wilson from a “c-” rating to a “d+” rating in a report on Thursday, February 22nd.

Kennedy-Wilson Price Performance

Shares of NYSE KW traded down $0.04 on Tuesday, hitting $8.60. The company’s stock had a trading volume of 1,191,389 shares, compared to its average volume of 1,323,209. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a 50 day moving average of $8.50 and a 200-day moving average of $10.58. Kennedy-Wilson Holdings, Inc. has a 12-month low of $7.85 and a 12-month high of $17.43. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -3.49 and a beta of 1.06.

Kennedy-Wilson (NYSE:KW) last posted its earnings results on Wednesday, February 21st. The financial services provider reported ($1.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($1.44). The company had revenue of $140.10 million during the quarter. Kennedy-Wilson had a negative net margin of 55.65% and a negative return on equity of 16.94%. As a group, research analysts predict that Kennedy-Wilson Holdings, Inc. will post -1.36 EPS for the current year.

Kennedy-Wilson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 28th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date of this dividend was Wednesday, March 27th. Kennedy-Wilson’s dividend payout ratio is presently -39.02%.

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.