Credit Industriel ET Commercial Makes New $931,000 Investment in Kennedy-Wilson Holdings Inc. $KW

Credit Industriel ET Commercial acquired a new position in Kennedy-Wilson Holdings Inc. (NYSE:KW) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 86,000 shares of the financial services provider’s stock, valued at approximately $931,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Kennedy-Wilson by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,183,187 shares of the financial services provider’s stock worth $9,844,000 after acquiring an additional 124,492 shares during the last quarter. M&T Bank Corp bought a new position in Kennedy-Wilson in the fourth quarter valued at $8,961,000. Advisors Preferred LLC bought a new position in Kennedy-Wilson in the fourth quarter valued at $1,185,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Kennedy-Wilson during the fourth quarter valued at about $963,000. Finally, Gabelli Funds LLC purchased a new stake in Kennedy-Wilson during the fourth quarter valued at about $980,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kennedy-Wilson in a report on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $11.00.

Kennedy-Wilson Stock Performance

KW stock opened at $10.92 on Tuesday. The company has a market capitalization of $1.52 billion, a PE ratio of 99.28 and a beta of 0.87. The company has a debt-to-equity ratio of 6.26, a quick ratio of 0.81 and a current ratio of 0.81. Kennedy-Wilson Holdings Inc. has a one year low of $6.48 and a one year high of $11.09. The company’s 50 day moving average price is $10.96 and its two-hundred day moving average price is $10.59.

Kennedy-Wilson (NYSE:KW) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.25. Kennedy-Wilson had a net margin of 12.08% and a return on equity of 23.82%. The company had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $91.69 million.

Kennedy-Wilson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 11th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, June 11th. Kennedy-Wilson’s dividend payout ratio (DPR) is presently 436.36%.

Kennedy-Wilson Company Profile

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.