American Century Companies Inc. Acquires 175,180 Shares of Kennedy-Wilson Holdings, Inc. (NYSE:KW)

Posted by Defense World Staff on Sep 1st, 2023

American Century Companies Inc. boosted its holdings in Kennedy-Wilson Holdings, Inc. (NYSE:KW – Free Report) by 17.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,157,444 shares of the financial services provider’s stock after purchasing an additional 175,180 shares during the period. American Century Companies Inc. owned approximately 0.83% of Kennedy-Wilson worth $18,936,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KW. Norges Bank bought a new stake in shares of Kennedy-Wilson in the 4th quarter valued at about $16,017,000. Invesco Ltd. lifted its position in Kennedy-Wilson by 353.2% in the first quarter. Invesco Ltd. now owns 1,285,675 shares of the financial services provider’s stock valued at $31,357,000 after purchasing an additional 1,002,004 shares during the last quarter. State Street Corp boosted its stake in shares of Kennedy-Wilson by 22.2% during the first quarter. State Street Corp now owns 4,649,254 shares of the financial services provider’s stock valued at $114,454,000 after purchasing an additional 844,102 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Kennedy-Wilson by 79.9% during the first quarter. Bank of New York Mellon Corp now owns 1,372,538 shares of the financial services provider’s stock valued at $22,770,000 after purchasing an additional 609,671 shares during the period. Finally, Beach Investment Counsel Inc. PA grew its holdings in shares of Kennedy-Wilson by 90.3% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 1,227,599 shares of the financial services provider’s stock worth $19,310,000 after purchasing an additional 582,461 shares during the last quarter. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KW shares. StockNews.com initiated coverage on shares of Kennedy-Wilson in a research report on Sunday, August 20th. They set a “hold” rating for the company. TheStreet downgraded Kennedy-Wilson from a “b-” rating to a “c” rating in a report on Thursday, May 4th.

Get Our Latest Stock Report on Kennedy-Wilson

Kennedy-Wilson Trading Up 0.3 %

NYSE:KW opened at $15.97 on Friday. The company has a 50-day moving average price of $16.32 and a 200-day moving average price of $16.36. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 61.42 and a beta of 1.17. 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 Holdings, Inc. has a 12 month low of $13.97 and a 12 month high of $18.90.

Kennedy-Wilson (NYSE:KW – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.04 by $0.24. Kennedy-Wilson had a net margin of 11.01% and a return on equity of 10.50%. The business had revenue of $146.50 million during the quarter, compared to analyst estimates of $129.28 million. During the same period last year, the business posted $0.30 earnings per share. Kennedy-Wilson’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Kennedy-Wilson Holdings, Inc. will post 1.43 EPS for the current year.

Kennedy-Wilson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 29th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.96 annualized dividend and a yield of 6.01%. Kennedy-Wilson’s payout ratio is 369.23%.

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.