Raymond James Financial Inc. Invests $2.80 Million in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Raymond James Financial Inc. acquired a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 280,402 shares of the financial services provider’s stock, valued at approximately $2,801,000.

Several other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Kennedy-Wilson by 181.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 3,755 shares during the period. KBC Group NV grew its holdings in Kennedy-Wilson by 56.3% in the fourth quarter. KBC Group NV now owns 7,632 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,748 shares during the period. Quantinno Capital Management LP increased its stake in Kennedy-Wilson by 13.3% in the third 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. Los Angeles Capital Management LLC raised its holdings in shares of Kennedy-Wilson by 39.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 14,598 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 4,124 shares during the period. Finally, FMR LLC boosted its position in shares of Kennedy-Wilson by 7.9% during the 3rd 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 in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kennedy-Wilson

In related news, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $8.62, for a total transaction of $258,600.00. Following the completion of the sale, the director now directly owns 98,318 shares of the company’s stock, valued at approximately $847,501.16. This trade represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stanley R. Zax acquired 41,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the transaction, the director now owns 547,400 shares of the company’s stock, valued at approximately $4,685,744. The trade was a 8.10 % increase in their position. The disclosure for this purchase can be found here. 22.73% of the stock is owned by insiders.

Kennedy-Wilson Trading Down 1.8 %

KW opened at $8.59 on Friday. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $11.88. The firm has a market capitalization of $1.18 billion, a PE ratio of -3.33, a P/E/G ratio of 0.54 and a beta of 1.14. The company has a debt-to-equity ratio of 6.06, a current ratio of 1.18 and a quick ratio of 1.18. The company’s 50-day moving average is $9.08 and its 200 day moving average is $10.16.

Kennedy-Wilson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be issued a $0.12 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.59%. Kennedy-Wilson’s dividend payout ratio is presently -85.71%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KW shares. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 target price on the stock.

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.