XTX Topco Ltd Acquires New Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

XTX Topco Ltd bought a new position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 29,049 shares of the financial services provider’s stock, valued at approximately $282,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Kennedy-Wilson in the fourth quarter valued at about $8,078,000. BNP Paribas Financial Markets boosted its position in Kennedy-Wilson by 1,238.7% during the 1st quarter. BNP Paribas Financial Markets now owns 704,763 shares of the financial services provider’s stock worth $6,047,000 after acquiring an additional 652,116 shares during the last quarter. Easterly Investment Partners LLC bought a new position in shares of Kennedy-Wilson during the 1st quarter worth approximately $5,007,000. ProShare Advisors LLC raised its holdings in shares of Kennedy-Wilson by 31.1% in the first quarter. ProShare Advisors LLC now owns 868,068 shares of the financial services provider’s stock valued at $7,448,000 after purchasing an additional 205,890 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Kennedy-Wilson by 6,378.2% in the first quarter. Public Employees Retirement System of Ohio now owns 172,125 shares of the financial services provider’s stock worth $1,477,000 after purchasing an additional 169,468 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KW shares. StockNews.com downgraded shares of Kennedy-Wilson from a “hold” rating to a “sell” rating in a research report on Monday, September 2nd. JPMorgan Chase & Co. raised their price objective on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 8th.

Kennedy-Wilson Trading Up 0.4 %

NYSE KW opened at $11.14 on Friday. Kennedy-Wilson Holdings, Inc. has a 12 month low of $7.85 and a 12 month high of $14.98. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 5.67. The stock has a 50 day moving average of $10.73 and a 200-day moving average of $9.80. The company has a market cap of $1.53 billion, a PE ratio of -5.65, a PEG ratio of 0.67 and a beta of 1.11.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.12. The firm had revenue of $132.00 million during the quarter, compared to analysts’ expectations of $100.66 million. Kennedy-Wilson had a negative net margin of 59.78% and a negative return on equity of 13.90%. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. On average, equities research analysts anticipate that Kennedy-Wilson Holdings, Inc. will post 2.88 EPS for the current fiscal year.

Kennedy-Wilson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Monday, September 30th. 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.