JPMorgan Chase & Co. Raises Stake in Kennedy-Wilson Holdings Inc. $KW

JPMorgan Chase & Co. increased its holdings in Kennedy-Wilson Holdings Inc. (NYSE:KW) by 11.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,183,187 shares of the financial services provider’s stock after buying an additional 124,492 shares during the period. JPMorgan Chase & Co.’s holdings in Kennedy-Wilson were worth $9,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in shares of Kennedy-Wilson by 19.5% in the 1st quarter. AQR Capital Management LLC now owns 23,868 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 3,899 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Kennedy-Wilson by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,577 shares of the financial services provider’s stock worth $587,000 after purchasing an additional 2,952 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Kennedy-Wilson during the first quarter valued at $92,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kennedy-Wilson by 3.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 879,644 shares of the financial services provider’s stock valued at $7,635,000 after purchasing an additional 30,176 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Kennedy-Wilson by 756.4% in the first quarter. Jane Street Group LLC now owns 209,553 shares of the financial services provider’s stock valued at $1,819,000 after purchasing an additional 185,083 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Kennedy-Wilson Stock Down 0.1%

KW opened at $10.84 on Friday. The company has a fifty day moving average of $10.14 and a two-hundred day moving average of $9.29. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -37.38 and a beta of 0.98. Kennedy-Wilson Holdings Inc. has a fifty-two week low of $5.98 and a fifty-two week high of $10.99. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.24 and a current ratio of 0.79.

Kennedy-Wilson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Tuesday, March 31st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, March 31st. Kennedy-Wilson’s payout ratio is currently -165.52%.

Analyst Upgrades and Downgrades

KW has been the topic of several analyst reports. Weiss Ratings raised Kennedy-Wilson from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Wall Street Zen downgraded Kennedy-Wilson from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $11.00 price target on shares of Kennedy-Wilson in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $11.00.

About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc is a publicly traded global real estate investment company that acquires, develops and manages a diversified portfolio of properties. Its core activities include investing in office, multifamily, retail, industrial and self-storage assets while providing comprehensive property management, leasing, capital markets and investment management services to institutional and private clients.

Headquartered in Beverly Hills, California, Kennedy-Wilson operates through two principal business segments: Investments and Asset Services.