Pensionfund Sabic reduced its position in Kennedy-Wilson Holdings, Inc. (NYSE:KW – Get Rating) by 37.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,509 shares of the financial services provider's stock after selling 5,000 shares during the quarter. Pensionfund Sabic's holdings in Kennedy-Wilson were worth $161,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in Kennedy-Wilson by 47.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,466 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 473 shares during the last quarter. Belpointe Asset Management LLC increased its stake in shares of Kennedy-Wilson by 1.4% in the 1st quarter. Belpointe Asset Management LLC now owns 40,072 shares of the financial services provider's stock worth $977,000 after acquiring an additional 545 shares during the last quarter. abrdn plc increased its stake in shares of Kennedy-Wilson by 2.2% in the 1st quarter. abrdn plc now owns 26,363 shares of the financial services provider's stock worth $652,000 after acquiring an additional 557 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Kennedy-Wilson by 2.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 41,723 shares of the financial services provider's stock worth $1,080,000 after acquiring an additional 858 shares during the last quarter. Finally, Fieldpoint Private Securities LLC increased its stake in shares of Kennedy-Wilson by 162.6% in the 1st quarter. Fieldpoint Private Securities LLC now owns 1,594 shares of the financial services provider's stock worth $39,000 after acquiring an additional 987 shares during the last quarter. 80.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kennedy-Wilson

In other Kennedy-Wilson news, Director Stanley R. Zax purchased 35,000 shares of the stock in a transaction dated Friday, August 26th. The stock was acquired at an average cost of $18.15 per share, for a total transaction of $635,250.00. Following the acquisition, the director now owns 458,800 shares in the company, valued at approximately $8,327,220. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, President Mary Ricks sold 62,357 shares of the firm's stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $19.05, for a total transaction of $1,187,900.85. Following the completion of the transaction, the president now directly owns 2,031,929 shares in the company, valued at approximately $38,708,247.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stanley R. Zax bought 35,000 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were purchased at an average price of $18.15 per share, with a total value of $635,250.00. Following the completion of the acquisition, the director now directly owns 458,800 shares in the company, valued at $8,327,220. The disclosure for this purchase can be found here. Company insiders own 21.80% of the company's stock.

Analyst Ratings Changes

Kennedy-Wilson Stock Down 1.2 %

Shares of KW opened at $17.80 on Friday. The company has a market capitalization of $2.45 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 4.37 and a beta of 1.13. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 4.09. Kennedy-Wilson Holdings, Inc. has a 52-week low of $17.26 and a 52-week high of $25.30. The stock has a fifty day simple moving average of $19.21 and a two-hundred day simple moving average of $20.90.

Kennedy-Wilson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date is Thursday, September 29th. Kennedy-Wilson's dividend payout ratio is presently 105.50%.

Kennedy-Wilson Company Profile

(Get Rating)

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.

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