1 week Ago By Defense World Staff
Corebridge Financial Inc. lowered its position in shares of Kennedy-Wilson Holdings, Inc. ( NYSE:KW – Free Report ) by 7.
3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,701 shares of the financial services provider’s stock after selling 4,745 shares during the quarter. Corebridge Financial Inc.
’s holdings in Kennedy-Wilson were worth $606,000 at the end of the most recent quarter. Several other institutional investors have also recently added to or reduced their stakes in the company. Royce & Associates LP increased its holdings in shares of Kennedy-Wilson by 3.
6% during the fourth quarter. Royce & Associates LP now owns 9,299,611 shares of the financial services provider’s stock worth $92,903,000 after buying an additional 325,737 shares in the last quarter. Geode Capital Management LLC increased its holdings in Kennedy-Wilson by 0.
7% during the 3rd quarter. Geode Capital Management LLC now owns 2,859,103 shares of the financial services provider’s stock valued at $31,599,000 after purchasing an additional 20,500 shares in the last quarter. Alberta Investment Management Corp raised its position in Kennedy-Wilson by 17.
5% in the 4th quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock valued at $26,477,000 after purchasing an additional 395,000 shares during the last quarter. Charles Schwab Investment Management Inc.
boosted its stake in Kennedy-Wilson by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,977,623 shares of the financial services provider’s stock worth $19,756,000 after purchasing an additional 64,352 shares in the last quarter. Finally, 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 during the last quarter. 87.72% of the stock is owned by institutional investors.
Analysts Set New Price Targets Separately, Deutsche Bank Aktiengesellschaft started coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 price target for the company.
Kennedy-Wilson Stock Down 7.3 % NYSE KW opened at $7.09 on Tuesday.
The stock has a market capitalization of $979.03 million, a P/E ratio of -2.75, a price-to-earnings-growth ratio of 0.
54 and a beta of 0.98. Kennedy-Wilson Holdings, Inc.
has a 52 week low of $7.02 and a 52 week high of $11.88.
The company has a debt-to-equity ratio of 6.06, a quick ratio of 1.18 and a current ratio of 1.
18. The stock has a fifty day moving average of $8.95 and a 200-day moving average of $10.
02. Kennedy-Wilson Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 31st were issued a dividend of $0.
12 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.
48 annualized dividend and a yield of 6.77%. Kennedy-Wilson’s dividend payout ratio is currently -85.
71%. Insider Buying and Selling at Kennedy-Wilson In other Kennedy-Wilson news, Director Cathy Hendrickson sold 30,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $8.
62, for a total transaction of $258,600.00. Following the completion of the sale, the director now owns 98,318 shares in the company, valued at approximately $847,501.
16. The trade was a 23.38 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, Director Stanley R. Zax purchased 41,000 shares of Kennedy-Wilson stock in a transaction dated Wednesday, March 19th.
The stock was bought at an average price of $8.56 per share, for a total transaction of $350,960.00.
Following the completion of the transaction, the director now directly owns 547,400 shares in the company, valued at $4,685,744. The trade was a 8.10 % increase in their ownership of the stock.
The disclosure for this purchase can be found here . Corporate insiders own 22.73% of the company’s stock.
Kennedy-Wilson Profile ( Free Report ) 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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