Nuveen Asset Management LLC lowered its stake in shares of Kennedy-Wilson Holdings Inc. (NYSE:KW) by 45.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,425 shares of the financial services provider’s stock after selling 13,490 shares during the period. Nuveen Asset Management LLC’s holdings in Kennedy-Wilson Holdings were worth $365,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Central Securities Corp acquired a new stake in Kennedy-Wilson Holdings during the first quarter valued at $2,271,000. UBS Asset Management Americas Inc. increased its position in shares of Kennedy-Wilson Holdings by 11.5% in the first quarter. UBS Asset Management Americas Inc. now owns 38,822 shares of the financial services provider’s stock valued at $862,000 after buying an additional 4,000 shares during the period. JPMorgan Chase & Co. increased its position in shares of Kennedy-Wilson Holdings by 80.6% in the first quarter. JPMorgan Chase & Co. now owns 183,629 shares of the financial services provider’s stock valued at $4,077,000 after buying an additional 81,977 shares during the period. American International Group Inc. increased its position in shares of Kennedy-Wilson Holdings by 4.7% in the first quarter. American International Group Inc. now owns 49,686 shares of the financial services provider’s stock valued at $1,103,000 after buying an additional 2,237 shares during the period. Finally, BlackRock Inc. increased its position in shares of Kennedy-Wilson Holdings by 39,149.9% in the first quarter. BlackRock Inc. now owns 6,261,152 shares of the financial services provider’s stock valued at $138,997,000 after buying an additional 6,245,200 shares during the period. Hedge funds and other institutional investors own 81.60% of the company’s stock.
Shares of Kennedy-Wilson Holdings Inc. (NYSE KW) opened at 18.80 on Friday. Kennedy-Wilson Holdings Inc. has a one year low of $17.95 and a one year high of $23.77. The firm has a market capitalization of $2.15 billion, a P/E ratio of 99.47 and a beta of 1.36. The firm has a 50-day moving average of $19.54 and a 200-day moving average of $20.40.
Kennedy-Wilson Holdings (NYSE:KW) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.16. Kennedy-Wilson Holdings had a return on equity of 2.28% and a net margin of 3.13%. The company had revenue of $177.80 million during the quarter, compared to analyst estimates of $178.55 million. During the same period last year, the company posted ($0.02) earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts predict that Kennedy-Wilson Holdings Inc. will post ($0.39) earnings per share for the current fiscal year.
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KW has been the subject of several analyst reports. Deutsche Bank AG downgraded shares of Kennedy-Wilson Holdings from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a report on Tuesday, April 25th. JMP Securities downgraded shares of Kennedy-Wilson Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, May 5th. BidaskClub downgraded shares of Kennedy-Wilson Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Kennedy-Wilson Holdings in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Kennedy-Wilson Holdings currently has an average rating of “Buy” and an average target price of $28.50.
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings, Inc is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan.
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