Thrivent Financial for Lutherans Lowers Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Thrivent Financial for Lutherans lowered its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,343 shares of the financial services provider’s stock after selling 1,458 shares during the period. Thrivent Financial for Lutherans’ holdings in Kennedy-Wilson were worth $913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Kennedy-Wilson by 181.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,823 shares of the financial services provider’s stock worth $58,000 after buying an additional 3,755 shares in the last quarter. KBC Group NV lifted its holdings in shares of Kennedy-Wilson by 56.3% in the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,748 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of Kennedy-Wilson in the 4th quarter valued at $106,000. Los Angeles Capital Management LLC grew its holdings in shares of Kennedy-Wilson by 39.4% during the 4th 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 last quarter. Finally, Quantinno Capital Management LP raised its position in 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 worth $159,000 after purchasing an additional 1,686 shares during the period. Institutional investors own 87.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a report on Monday, February 24th. They set a “hold” rating and a $9.00 target price for the company. StockNews.com raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Kennedy-Wilson Trading Down 1.7 %

Shares of NYSE KW opened at $8.54 on Wednesday. Kennedy-Wilson Holdings, Inc. has a 1 year low of $8.02 and a 1 year high of $11.88. 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 firm has a 50-day moving average of $9.06 and a 200 day moving average of $10.11. The stock has a market cap of $1.18 billion, a P/E ratio of -3.31, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14.

Kennedy-Wilson Dividend Announcement

The firm 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 dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 5.62%. Kennedy-Wilson’s payout ratio is -85.71%.

Insider Transactions 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 shares were sold at an average price of $8.62, for a total transaction of $258,600.00. Following the transaction, the director now owns 98,318 shares in the company, valued at $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley R. Zax acquired 41,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average cost of $8.56 per share, with a total value of $350,960.00. Following the acquisition, the director now directly owns 547,400 shares of the company’s stock, valued at $4,685,744. This trade represents a 8.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 22.73% of the company’s stock.

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.