Kennedy-Wilson Holdings, Inc. (NYSE:KW) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in Kennedy-Wilson Holdings, Inc. (NYSE:KW) by 0.4% in the 1st quarter, HoldingsChannel reports. The fund owned 615,339 shares of the financial services provider’s stock after selling 2,419 shares during the period. Principal Financial Group Inc.’s holdings in Kennedy-Wilson were worth $5,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KW. Mackenzie Financial Corp lifted its holdings in shares of Kennedy-Wilson by 10.2% during the fourth quarter. Mackenzie Financial Corp now owns 4,539,609 shares of the financial services provider’s stock valued at $56,200,000 after purchasing an additional 421,365 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kennedy-Wilson by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,607,615 shares of the financial services provider’s stock valued at $19,902,000 after buying an additional 70,978 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Kennedy-Wilson by 1.9% in the third quarter. Northern Trust Corp now owns 1,584,047 shares of the financial services provider’s stock worth $23,349,000 after buying an additional 29,772 shares during the period. Central Securities Corp increased its position in shares of Kennedy-Wilson by 5.0% in the fourth quarter. Central Securities Corp now owns 1,050,000 shares of the financial services provider’s stock worth $12,999,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Kennedy-Wilson in the fourth quarter worth approximately $8,078,000. 87.72% of the stock is currently owned by institutional investors.

Kennedy-Wilson Trading Down 1.1 %

KW traded down $0.11 on Friday, hitting $9.90. The company had a trading volume of 69,090 shares, compared to its average volume of 1,186,623. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 5.34. The company’s fifty day moving average price is $9.77 and its 200 day moving average price is $9.84. Kennedy-Wilson Holdings, Inc. has a 1-year low of $7.85 and a 1-year high of $17.43.

Kennedy-Wilson (NYSE:KW) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.92. Kennedy-Wilson had a negative net margin of 41.31% and a negative return on equity of 7.88%. The business had revenue of $136.40 million during the quarter. Equities analysts anticipate that Kennedy-Wilson Holdings, Inc. will post -0.03 earnings per share for the current year.

Kennedy-Wilson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 4.85%. Kennedy-Wilson’s payout ratio is -24.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Kennedy-Wilson from a “sell” rating to a “hold” rating in a report on Tuesday.

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.