Y Intercept Hong Kong Ltd Reduces Stock Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Y Intercept Hong Kong Ltd trimmed its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 38.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,870 shares of the financial services provider’s stock after selling 9,306 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Kennedy-Wilson were worth $149,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. KBC Group NV raised its holdings in Kennedy-Wilson by 53.1% in the third quarter. KBC Group NV now owns 4,884 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 1,693 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Kennedy-Wilson in the 3rd quarter worth about $116,000. Quantinno Capital Management LP raised its stake in shares of Kennedy-Wilson by 13.3% in the 3rd quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,686 shares in the last quarter. FMR LLC lifted its position in shares of Kennedy-Wilson by 7.9% during the third quarter. FMR LLC now owns 16,198 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Legacy Capital Group California Inc. lifted its position in shares of Kennedy-Wilson by 12.8% during the fourth quarter. Legacy Capital Group California Inc. now owns 19,466 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 2,206 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Trading Up 1.4 %

NYSE KW opened at $9.97 on Thursday. 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 one year low of $7.85 and a one year high of $11.88. The company has a 50-day simple moving average of $9.27 and a 200-day simple moving average of $10.38. The firm has a market capitalization of $1.37 billion, a PE ratio of -3.86, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 31st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.81%. Kennedy-Wilson’s payout ratio is currently -85.71%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Kennedy-Wilson in a research note on Monday, February 24th. They set a “hold” rating and a $9.00 price objective on the stock. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

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.