Advisor Group Inc. Acquires 967 Shares of Kennedy-Wilson Holdings Inc (NYSE:KW)

Advisor Group Inc. grew its position in Kennedy-Wilson Holdings Inc (NYSE:KW) by 24.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,921 shares of the financial services provider’s stock after buying an additional 967 shares during the period. Advisor Group Inc.’s holdings in Kennedy-Wilson were worth $89,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV acquired a new position in shares of Kennedy-Wilson during the 4th quarter worth about $30,000. PNC Financial Services Group Inc. increased its stake in shares of Kennedy-Wilson by 135.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,812 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 2,195 shares during the last quarter. Strs Ohio increased its stake in shares of Kennedy-Wilson by 38.9% during the 4th quarter. Strs Ohio now owns 7,500 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 2,100 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Kennedy-Wilson during the 4th quarter worth about $211,000. Finally, Prudential Financial Inc. increased its stake in shares of Kennedy-Wilson by 4.6% during the 4th quarter. Prudential Financial Inc. now owns 15,723 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 698 shares during the last quarter. 84.78% of the stock is owned by institutional investors.

Separately, Evercore ISI started coverage on shares of Kennedy-Wilson in a research note on Thursday, April 18th. They issued an “outperform” rating and a $21.52 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $25.70.

In related news, President Mary Ricks sold 91,100 shares of the stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $20.10, for a total value of $1,831,110.00. Following the completion of the transaction, the president now owns 1,818,159 shares of the company’s stock, valued at approximately $36,544,995.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Trevor Bowen acquired 13,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was bought at an average cost of $20.93 per share, with a total value of $282,555.00. Following the purchase, the director now owns 38,909 shares in the company, valued at $814,365.37. The disclosure for this purchase can be found here. Corporate insiders own 14.58% of the company’s stock.

Shares of NYSE:KW traded up $0.56 on Friday, reaching $22.51. 489,646 shares of the company’s stock were exchanged, compared to its average volume of 357,396. Kennedy-Wilson Holdings Inc has a twelve month low of $17.25 and a twelve month high of $22.55. The firm has a market cap of $3.21 billion, a PE ratio of 12.24 and a beta of 1.34. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.78.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Friday, March 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, March 28th.

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Kennedy-Wilson Profile

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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