State of New Jersey Common Pension Fund D Purchases Shares of 62,000 Kennedy-Wilson Holdings Inc (NYSE:KW)

State of New Jersey Common Pension Fund D acquired a new position in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 62,000 shares of the financial services provider’s stock, valued at approximately $1,311,000.

A number of other large investors have also recently made changes to their positions in KW. Fairfax Financial Holdings Ltd Can lifted its holdings in Kennedy-Wilson by 8.1% during the 1st quarter. Fairfax Financial Holdings Ltd Can now owns 13,322,009 shares of the financial services provider’s stock valued at $231,803,000 after purchasing an additional 1,000,088 shares during the last quarter. BlackRock Inc. lifted its holdings in Kennedy-Wilson by 7.7% during the 1st quarter. BlackRock Inc. now owns 9,927,919 shares of the financial services provider’s stock valued at $172,747,000 after purchasing an additional 711,793 shares during the last quarter. Fiduciary Management Inc. WI increased its position in Kennedy-Wilson by 13.4% during the 1st quarter. Fiduciary Management Inc. WI now owns 4,087,679 shares of the financial services provider’s stock worth $71,126,000 after buying an additional 483,679 shares during the period. Dimensional Fund Advisors LP increased its position in Kennedy-Wilson by 32.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,829,574 shares of the financial services provider’s stock worth $66,635,000 after buying an additional 929,331 shares during the period. Finally, Principal Financial Group Inc. increased its position in Kennedy-Wilson by 95.7% during the 1st quarter. Principal Financial Group Inc. now owns 3,480,739 shares of the financial services provider’s stock worth $60,565,000 after buying an additional 1,702,404 shares during the period. 86.52% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the company. Deutsche Bank lowered their price objective on Kennedy-Wilson from $26.00 to $25.00 and set a “hold” rating on the stock in a research report on Wednesday. TheStreet upgraded Kennedy-Wilson from a “c” rating to a “b” rating in a research report on Thursday, August 2nd. JMP Securities raised their price target on Kennedy-Wilson from $23.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 2nd. Finally, ValuEngine raised Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Kennedy-Wilson currently has a consensus rating of “Buy” and a consensus price target of $27.33.

Shares of KW stock traded down $0.03 during mid-day trading on Friday, reaching $21.45. 852,100 shares of the stock traded hands, compared to its average volume of 905,860. Kennedy-Wilson Holdings Inc has a 1-year low of $15.95 and a 1-year high of $22.27. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 47.67 and a beta of 1.27. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.82.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.71. The firm had revenue of $218.30 million for the quarter, compared to analyst estimates of $189.78 million. Kennedy-Wilson had a return on equity of 11.75% and a net margin of 22.76%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share.

In related news, Director Cathy Hendrickson sold 10,500 shares of Kennedy-Wilson stock in a transaction that occurred on Monday, July 9th. The stock was sold at an average price of $21.90, for a total value of $229,950.00. Following the transaction, the director now directly owns 57,718 shares of the company’s stock, valued at $1,264,024.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.58% of the stock is owned by insiders.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

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Institutional Ownership by Quarter for Kennedy-Wilson (NYSE:KW)

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