Mackenzie Financial Corp reduced its position in shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,339,770 shares of the financial services provider’s stock after selling 35,161 shares during the period. Mackenzie Financial Corp’s holdings in Kennedy-Wilson were worth $86,231,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in KW. Royce & Associates LP boosted its stake in shares of Kennedy-Wilson by 15.2% during the 1st quarter. Royce & Associates LP now owns 5,352,047 shares of the financial services provider’s stock worth $108,165,000 after purchasing an additional 705,821 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Kennedy-Wilson by 60.0% during the 1st quarter. JPMorgan Chase & Co. now owns 749,426 shares of the financial services provider’s stock worth $15,146,000 after purchasing an additional 280,954 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Kennedy-Wilson by 72.6% during the 2nd quarter. Victory Capital Management Inc. now owns 614,932 shares of the financial services provider’s stock worth $12,219,000 after purchasing an additional 258,649 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Kennedy-Wilson by 29.5% during the 1st quarter. Schroder Investment Management Group now owns 1,088,737 shares of the financial services provider’s stock worth $22,003,000 after purchasing an additional 247,713 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Kennedy-Wilson by 1.9% during the 1st quarter. BlackRock Inc. now owns 12,906,117 shares of the financial services provider’s stock worth $260,832,000 after purchasing an additional 239,390 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.
In other Kennedy-Wilson news, CEO William J. Mcmorrow purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 10th. The shares were purchased at an average price of $21.10 per share, for a total transaction of $2,110,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.10% of the company’s stock.
Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data on Wednesday, August 4th. The financial services provider reported $1.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.06). The company had revenue of $108.40 million for the quarter, compared to analysts’ expectations of $114.26 million. Kennedy-Wilson had a return on equity of 41.92% and a net margin of 86.79%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Kennedy-Wilson Holdings, Inc. will post 2.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 7th. Investors of record on Thursday, September 30th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, September 29th. This represents a $0.88 annualized dividend and a yield of 4.12%. Kennedy-Wilson’s payout ratio is 40.37%.
KW has been the topic of several recent analyst reports. Evercore ISI reiterated a “buy” rating and set a $24.00 price objective on shares of Kennedy-Wilson in a report on Thursday, July 1st. Zacks Investment Research upgraded shares of Kennedy-Wilson from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, May 28th.
Kennedy-Wilson Holdings, Inc engages in the ownership, operation, development, and investment in real estate properties. It operates through the Consolidated Portfolio and Co-investment Portfolio segments. The Consolidated Portfolio segment includes the investments that the company has made in real estate and real estate-related assets and consolidates on its balance sheet.
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