Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 556,763 shares of the financial services provider’s stock after selling 19,562 shares during the quarter. Principal Financial Group Inc.’s holdings in Kennedy-Wilson were worth $6,152,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Kennedy-Wilson by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,337,832 shares of the financial services provider’s stock valued at $13,004,000 after buying an additional 104,577 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kennedy-Wilson by 30.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,867 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 12,330 shares during the period. Choreo LLC acquired a new position in Kennedy-Wilson in the second quarter valued at approximately $133,000. Quilter Plc boosted its position in Kennedy-Wilson by 16.4% in the 2nd quarter. Quilter Plc now owns 467,957 shares of the financial services provider’s stock worth $4,549,000 after purchasing an additional 65,786 shares in the last quarter. Finally, Old West Investment Management LLC grew its stake in shares of Kennedy-Wilson by 7.9% during the 2nd quarter. Old West Investment Management LLC now owns 692,628 shares of the financial services provider’s stock worth $6,732,000 after purchasing an additional 50,474 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Kennedy-Wilson Price Performance

Shares of Kennedy-Wilson stock opened at $9.99 on Thursday. The firm has a market cap of $1.37 billion, a PE ratio of -3.87, a P/E/G ratio of 0.70 and a beta of 1.12. Kennedy-Wilson Holdings, Inc. has a twelve month low of $7.85 and a twelve month high of $12.74. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.06. The business has a 50-day moving average price of $10.92 and a 200 day moving average price of $10.68.

Kennedy-Wilson Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Tuesday, December 31st. Kennedy-Wilson’s payout ratio is -18.60%.

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.