Y Intercept Hong Kong Ltd Acquires New Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Y Intercept Hong Kong Ltd purchased a new position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,176 shares of the financial services provider’s stock, valued at approximately $267,000.

Several other institutional investors have also added to or reduced their stakes in KW. Royce & Associates LP increased its stake in shares of Kennedy-Wilson by 6.5% in the third quarter. Royce & Associates LP now owns 8,973,874 shares of the financial services provider’s stock worth $99,161,000 after purchasing an additional 544,495 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kennedy-Wilson by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock worth $21,142,000 after purchasing an additional 53,185 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kennedy-Wilson by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider’s stock worth $13,004,000 after purchasing an additional 104,577 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kennedy-Wilson by 4.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,840 shares of the financial services provider’s stock valued at $9,976,000 after acquiring an additional 41,918 shares in the last quarter. Finally, Old West Investment Management LLC grew its stake in Kennedy-Wilson by 7.9% during the second quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider’s stock valued at $6,732,000 after acquiring an additional 50,474 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Kennedy-Wilson Stock Performance

KW opened at $10.18 on Thursday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -3.95, a PEG ratio of 0.70 and a beta of 1.12. The company has a fifty day moving average of $11.09 and a 200 day moving average of $10.67. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $12.74. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 4.72%. Kennedy-Wilson’s payout ratio is -18.60%.

Kennedy-Wilson 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.