Charles Schwab Investment Management Inc. Purchases 53,185 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Charles Schwab Investment Management Inc. boosted its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,913,271 shares of the financial services provider’s stock after acquiring an additional 53,185 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kennedy-Wilson were worth $21,142,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KW. Price T Rowe Associates Inc. MD increased its stake in shares of Kennedy-Wilson by 19.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,853 shares of the financial services provider’s stock valued at $711,000 after purchasing an additional 13,214 shares during the last quarter. GAMMA Investing LLC boosted its stake in Kennedy-Wilson by 229.3% in the second quarter. GAMMA Investing LLC now owns 2,914 shares of the financial services provider’s stock valued at $28,000 after buying an additional 2,029 shares in the last quarter. CWM LLC boosted its stake in Kennedy-Wilson by 305.1% in the second quarter. CWM LLC now owns 10,509 shares of the financial services provider’s stock valued at $102,000 after buying an additional 7,915 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in Kennedy-Wilson by 5.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 51,382 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 2,451 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Kennedy-Wilson during the second quarter worth about $207,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Kennedy-Wilson Stock Up 0.9 %

Shares of KW opened at $11.30 on Friday. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a 52 week low of $7.85 and a 52 week high of $13.27. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 0.73 and a beta of 1.12. The stock has a fifty day moving average of $11.07 and a 200-day moving average of $10.62.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Tuesday, December 31st. Kennedy-Wilson’s payout ratio is -18.60%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday.

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.