Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Marshall Wace LLP

Marshall Wace LLP cut its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 38.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,528 shares of the financial services provider’s stock after selling 84,617 shares during the period. Marshall Wace LLP’s holdings in Kennedy-Wilson were worth $1,354,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KW. Sterling Capital Management LLC increased its holdings in shares of Kennedy-Wilson by 822.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,643 shares of the financial services provider’s stock worth $36,000 after buying an additional 3,248 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Kennedy-Wilson by 181.6% during the 4th 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 during the last quarter. KBC Group NV increased its holdings in shares of Kennedy-Wilson by 56.3% during the 4th quarter. KBC Group NV now owns 7,632 shares of the financial services provider’s stock worth $76,000 after buying an additional 2,748 shares during the last quarter. Cibc World Markets Corp acquired a new stake in shares of Kennedy-Wilson during the 4th quarter worth $106,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Kennedy-Wilson during the 4th quarter worth $134,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Stock Up 0.8 %

Shares of NYSE KW opened at $6.56 on Tuesday. Kennedy-Wilson Holdings, Inc. has a 12-month low of $6.13 and a 12-month high of $11.88. The company has a market cap of $905.33 million, a P/E ratio of -2.54, a P/E/G ratio of 0.54 and a beta of 0.98. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The stock has a fifty day moving average price of $8.17 and a 200 day moving average price of $9.52.

Kennedy-Wilson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 31st were paid a dividend of $0.12 per share. The ex-dividend date was Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 7.32%. Kennedy-Wilson’s dividend payout ratio is presently -85.71%.

Insider Activity

In other Kennedy-Wilson news, Director Stanley R. Zax bought 41,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of $8.56 per share, for a total transaction of $350,960.00. Following the completion of the purchase, the director now directly owns 547,400 shares of the company’s stock, valued at approximately $4,685,744. The trade was a 8.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Cathy Hendrickson sold 30,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $8.62, for a total transaction of $258,600.00. Following the transaction, the director now directly owns 98,318 shares in the company, valued at $847,501.16. The trade was a 23.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 22.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 price target for the company.

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.