Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys New Shares in Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Posted by Defense World Staff on Aug 18th, 2023

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 124,012 shares of the financial services provider’s stock, valued at approximately $2,057,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.09% of Kennedy-Wilson at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in KW. Dimensional Fund Advisors LP boosted its stake in shares of Kennedy-Wilson by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,100,574 shares of the financial services provider’s stock worth $80,231,000 after acquiring an additional 498,809 shares in the last quarter. State Street Corp boosted its stake in shares of Kennedy-Wilson by 6.8% during the 2nd quarter. State Street Corp now owns 4,965,137 shares of the financial services provider’s stock worth $95,139,000 after acquiring an additional 315,883 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Kennedy-Wilson by 12.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,871,164 shares of the financial services provider’s stock worth $70,027,000 after acquiring an additional 325,401 shares in the last quarter. Copeland Capital Management LLC boosted its stake in shares of Kennedy-Wilson by 7.6% during the 1st quarter. Copeland Capital Management LLC now owns 2,752,805 shares of the financial services provider’s stock worth $45,669,000 after acquiring an additional 193,812 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Kennedy-Wilson by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 2,389,760 shares of the financial services provider’s stock worth $37,590,000 after acquiring an additional 83,111 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KW shares. StockNews.com raised shares of Kennedy-Wilson from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. TheStreet lowered shares of Kennedy-Wilson from a “b-” rating to a “c” rating in a research note on Thursday, May 4th.

Get Our Latest Research Report on Kennedy-Wilson

Kennedy-Wilson Trading Down 1.6 %

Shares of Kennedy-Wilson stock opened at $15.43 on Friday. The firm has a market capitalization of $2.15 billion, a PE ratio of 59.33 and a beta of 1.17. Kennedy-Wilson Holdings, Inc. has a twelve month low of $13.97 and a twelve month high of $20.39. The firm’s 50-day moving average price is $16.58 and its 200 day moving average price is $16.53. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.78.

Kennedy-Wilson (NYSE:KW – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.24. The company had revenue of $146.50 million during the quarter, compared to the consensus estimate of $129.28 million. Kennedy-Wilson had a net margin of 11.01% and a return on equity of 10.50%. Kennedy-Wilson’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, sell-side analysts predict that Kennedy-Wilson Holdings, Inc. will post 1.43 EPS for the current fiscal year.

Kennedy-Wilson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 29th will be issued a $0.24 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.96 dividend on an annualized basis and a yield of 6.22%. Kennedy-Wilson’s payout ratio is 369.24%.

About Kennedy-Wilson

(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.