Rockefeller Capital Management L.P. Sells 140,056 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Rockefeller Capital Management L.P. trimmed its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,467,399 shares of the financial services provider’s stock after selling 140,056 shares during the period. Rockefeller Capital Management L.P. owned 1.80% of Kennedy-Wilson worth $27,265,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Kennedy-Wilson by 4.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 902,840 shares of the financial services provider’s stock worth $9,976,000 after purchasing an additional 41,918 shares in the last quarter. FMR LLC grew its stake in Kennedy-Wilson by 7.9% in the 3rd quarter. FMR LLC now owns 16,198 shares of the financial services provider’s stock worth $179,000 after buying an additional 1,182 shares in the last quarter. Cerity Partners LLC grew its stake in Kennedy-Wilson by 90.3% in the 3rd quarter. Cerity Partners LLC now owns 79,998 shares of the financial services provider’s stock worth $884,000 after buying an additional 37,963 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kennedy-Wilson by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,913,271 shares of the financial services provider’s stock valued at $21,142,000 after buying an additional 53,185 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Kennedy-Wilson during the 3rd quarter worth $245,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Kennedy-Wilson Trading Down 0.1 %

Shares of KW opened at $11.58 on Friday. The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.18. Kennedy-Wilson Holdings, Inc. has a fifty-two week low of $7.85 and a fifty-two week high of $13.27. The firm has a 50 day moving average price of $11.04 and a 200-day moving average price of $10.58. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -4.49, a PEG ratio of 0.75 and a beta of 1.10.

Kennedy-Wilson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.15%. Kennedy-Wilson’s dividend payout ratio (DPR) is currently -18.60%.

Analysts Set New Price Targets

KW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Kennedy-Wilson from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. StockNews.com cut Kennedy-Wilson from a “hold” rating to a “sell” rating in a report on Monday, September 2nd.

About Kennedy-Wilson

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.