Charles Schwab Investment Management Inc. Has $19.20 Million Position in Kennedy-Wilson Holdings, Inc. (NYSE:KW)


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Charles Schwab Investment Management Inc. lifted its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,073,378 shares of the financial services provider’s stock after purchasing an additional 25,076 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Kennedy-Wilson were worth $19,203,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Kennedy-Wilson in the fourth quarter valued at approximately $26,000. US Bancorp DE grew its holdings in Kennedy-Wilson by 254.6% during the 4th quarter. US Bancorp DE now owns 2,319 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,665 shares during the period. Van ECK Associates Corp grew its holdings in Kennedy-Wilson by 23.4% during the 3rd quarter. Van ECK Associates Corp now owns 3,687 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 700 shares during the period. Tompkins Financial Corp acquired a new stake in Kennedy-Wilson during the 4th quarter worth $57,000. Finally, Nisa Investment Advisors LLC grew its holdings in Kennedy-Wilson by 54.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,250 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 2,200 shares during the period. 79.11% of the stock is owned by institutional investors and hedge funds.

KW opened at $20.54 on Thursday. The company has a fifty day moving average price of $19.82 and a two-hundred day moving average price of $17.13. The firm has a market capitalization of $2.90 billion, a PE ratio of 36.04, a P/E/G ratio of 1.07 and a beta of 1.23. Kennedy-Wilson Holdings, Inc. has a 52 week low of $12.06 and a 52 week high of $21.13. The company has a debt-to-equity ratio of 4.21, a quick ratio of 1.49 and a current ratio of 1.49.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings results on Wednesday, February 24th. The financial services provider reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $1.14. The company had revenue of $106.50 million for the quarter, compared to analysts’ expectations of $114.06 million. Kennedy-Wilson had a net margin of 19.52% and a return on equity of 22.05%. Equities analysts forecast that Kennedy-Wilson Holdings, Inc. will post 0.67 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, March 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.28%. Kennedy-Wilson’s dividend payout ratio is 28.21%.

In related news, Director Stanley R. Zax acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 9th. The shares were acquired at an average cost of $20.14 per share, with a total value of $1,007,000.00. Following the transaction, the director now owns 398,800 shares of the company’s stock, valued at approximately $8,031,832. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kent Y. Mouton sold 37,000 shares of the business’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $20.45, for a total transaction of $756,650.00. Following the completion of the sale, the general counsel now directly owns 542,729 shares in the company, valued at $11,098,808.05. The disclosure for this sale can be found here. Company insiders own 14.70% of the company’s stock.

Separately, Zacks Investment Research raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Wednesday, January 13th.

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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