13,428 Shares in Kennedy-Wilson Holdings, Inc. (NYSE:KW) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,428 shares of the financial services provider’s stock, valued at approximately $134,000.

A number of other hedge funds also recently added to or reduced their stakes in KW. Alberta Investment Management Corp raised its stake in shares of Kennedy-Wilson by 17.5% during the fourth quarter. Alberta Investment Management Corp now owns 2,650,322 shares of the financial services provider’s stock worth $26,477,000 after purchasing an additional 395,000 shares during the last quarter. Royce & Associates LP raised its position in Kennedy-Wilson by 3.6% during the 4th 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kennedy-Wilson in the 4th quarter worth $2,801,000. JPMorgan Chase & Co. boosted its holdings in shares of Kennedy-Wilson by 183.5% in the third quarter. JPMorgan Chase & Co. now owns 296,282 shares of the financial services provider’s stock valued at $3,274,000 after acquiring an additional 191,790 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Kennedy-Wilson by 265.2% during the third quarter. Barclays PLC now owns 192,837 shares of the financial services provider’s stock worth $2,130,000 after acquiring an additional 140,039 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KW shares. Deutsche Bank Aktiengesellschaft initiated coverage on Kennedy-Wilson in a report on Monday, February 24th. They issued a “hold” rating and a $9.00 price objective on the stock. StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

Kennedy-Wilson Stock Down 1.8 %

KW stock opened at $8.59 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.06. The company’s 50-day moving average price is $9.08 and its 200 day moving average price is $10.16. Kennedy-Wilson Holdings, Inc. has a 52 week low of $8.02 and a 52 week high of $11.88. The company has a market cap of $1.18 billion, a P/E ratio of -3.33, a P/E/G ratio of 0.54 and a beta of 1.14.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.59%. The ex-dividend date is Monday, March 31st. Kennedy-Wilson’s dividend payout ratio (DPR) is -85.71%.

Insider Buying and Selling

In other Kennedy-Wilson news, Director Cathy Hendrickson sold 30,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $8.62, for a total value of $258,600.00. Following the sale, the director now owns 98,318 shares of the company’s stock, valued at $847,501.16. This represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stanley R. Zax purchased 41,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was acquired 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 of the company’s stock, valued at approximately $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. Insiders own 22.73% of the company’s stock.

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.