SteelPeak Wealth LLC Makes New $208,000 Investment in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

SteelPeak Wealth LLC purchased a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 23,567 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other large investors have also bought and sold shares of the company. UBS Group AG increased its position in shares of Kennedy-Wilson by 46,174.6% during the third quarter. UBS Group AG now owns 236,926 shares of the financial services provider’s stock valued at $3,492,000 after acquiring an additional 236,414 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Kennedy-Wilson by 37.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 322,358 shares of the financial services provider’s stock valued at $4,752,000 after purchasing an additional 88,263 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Kennedy-Wilson by 1.9% in the 3rd quarter. Northern Trust Corp now owns 1,584,047 shares of the financial services provider’s stock worth $23,349,000 after purchasing an additional 29,772 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of Kennedy-Wilson by 70.2% in the 3rd quarter. Natixis Advisors L.P. now owns 31,497 shares of the financial services provider’s stock worth $464,000 after purchasing an additional 12,996 shares in the last quarter. Finally, Employees Retirement System of Texas raised its stake in shares of Kennedy-Wilson by 26.7% in the third quarter. Employees Retirement System of Texas now owns 95,000 shares of the financial services provider’s stock worth $1,400,000 after purchasing an additional 20,000 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research note on Monday, June 24th.

Kennedy-Wilson Stock Performance

Shares of KW opened at $9.72 on Monday. The business has a fifty day moving average of $9.66 and a 200 day moving average of $9.88. Kennedy-Wilson Holdings, Inc. has a one year low of $7.85 and a one year high of $17.43. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.34.

Kennedy-Wilson (NYSE:KW) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.92. Kennedy-Wilson had a negative return on equity of 7.88% and a negative net margin of 41.31%. The company had revenue of $136.40 million for the quarter. As a group, sell-side analysts anticipate that Kennedy-Wilson Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Kennedy-Wilson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.94%. Kennedy-Wilson’s dividend payout ratio (DPR) is presently -24.37%.

Kennedy-Wilson Company 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.