State Street Corp Decreases Stock Holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

State Street Corp lowered its stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,063,520 shares of the financial services provider’s stock after selling 130,722 shares during the period. State Street Corp owned about 4.41% of Kennedy-Wilson worth $67,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its position in Kennedy-Wilson by 13.3% during the third quarter. Quantinno Capital Management LP now owns 14,403 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,686 shares during the last quarter. ClearAlpha Technologies LP acquired a new position in Kennedy-Wilson during the third quarter worth about $271,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 worth $9,976,000 after acquiring an additional 41,918 shares during the last quarter. FMR LLC raised its position in Kennedy-Wilson by 7.9% during the third quarter. FMR LLC now owns 16,198 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Kennedy-Wilson by 90.3% during the third quarter. Cerity Partners LLC now owns 79,998 shares of the financial services provider’s stock worth $884,000 after acquiring an additional 37,963 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Kennedy-Wilson Stock Performance

NYSE:KW opened at $10.71 on Wednesday. The firm has a 50 day simple moving average of $11.09 and a 200-day simple moving average of $10.67. 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 market cap of $1.47 billion, a PE ratio of -4.15, a P/E/G ratio of 0.70 and a beta of 1.12. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $12.81.

Kennedy-Wilson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Tuesday, December 31st. Kennedy-Wilson’s dividend payout ratio is presently -18.60%.

Wall Street Analysts Forecast Growth

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

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.