Prudential Financial Inc. Has $286,000 Holdings in Kennedy-Wilson Holdings Inc (KW)

Prudential Financial Inc. increased its stake in shares of Kennedy-Wilson Holdings Inc (NYSE:KW) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,723 shares of the financial services provider’s stock after purchasing an additional 698 shares during the period. Prudential Financial Inc.’s holdings in Kennedy-Wilson were worth $286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. KBC Group NV purchased a new stake in Kennedy-Wilson in the 4th quarter worth approximately $30,000. Strs Ohio lifted its holdings in Kennedy-Wilson by 38.9% in the 4th quarter. Strs Ohio now owns 7,500 shares of the financial services provider’s stock worth $136,000 after buying an additional 2,100 shares during the period. Quantamental Technologies LLC purchased a new stake in Kennedy-Wilson in the 4th quarter worth approximately $211,000. Great Lakes Advisors LLC purchased a new stake in Kennedy-Wilson in the 3rd quarter worth approximately $331,000. Finally, Triad Investment Management purchased a new stake in Kennedy-Wilson in the 4th quarter worth approximately $405,000. 84.86% of the stock is currently owned by institutional investors and hedge funds.

In other Kennedy-Wilson news, Director Trevor Bowen acquired 13,500 shares of the stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average cost of $20.93 per share, for a total transaction of $282,555.00. Following the completion of the transaction, the director now directly owns 38,909 shares of the company’s stock, valued at $814,365.37. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard Aidan Hugh Boucher acquired 7,100 shares of the stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $21.00 per share, for a total transaction of $149,100.00. Following the completion of the transaction, the director now directly owns 22,100 shares of the company’s stock, valued at $464,100. The disclosure for this purchase can be found here. Insiders have sold 205,435 shares of company stock worth $4,067,069 over the last quarter. 14.58% of the stock is owned by company insiders.

Shares of Kennedy-Wilson stock traded up $0.10 on Friday, reaching $21.62. The company’s stock had a trading volume of 338,590 shares, compared to its average volume of 297,727. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.78. Kennedy-Wilson Holdings Inc has a 52 week low of $17.25 and a 52 week high of $22.27. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 12.28 and a beta of 1.36.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, February 27th. The financial services provider reported $0.55 EPS for the quarter. Kennedy-Wilson had a return on equity of 17.08% and a net margin of 19.39%. The company had revenue of $178.70 million during the quarter, compared to analyst estimates of $197.77 million.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Friday, March 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.84 annualized dividend and a yield of 3.89%.

Separately, Evercore ISI initiated coverage on Kennedy-Wilson in a research report on Thursday. They set an “outperform” rating and a $21.52 price objective for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Kennedy-Wilson currently has an average rating of “Buy” and a consensus price target of $25.70.

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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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