Mary Ricks Sells 10,700 Shares of Kennedy-Wilson Holdings Inc (KW) Stock

Kennedy-Wilson Holdings Inc (NYSE:KW) President Mary Ricks sold 10,700 shares of Kennedy-Wilson stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $19.51, for a total transaction of $208,757.00. Following the completion of the sale, the president now owns 1,743,329 shares in the company, valued at approximately $34,012,348.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mary Ricks also recently made the following trade(s):

  • On Thursday, January 10th, Mary Ricks sold 39,901 shares of Kennedy-Wilson stock. The shares were sold at an average price of $19.51, for a total transaction of $778,468.51.

Shares of Kennedy-Wilson stock opened at $18.99 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 3.75. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 42.18 and a beta of 1.25. Kennedy-Wilson Holdings Inc has a 12 month low of $15.95 and a 12 month high of $22.27.

Kennedy-Wilson (NYSE:KW) last announced its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.17. The business had revenue of $185.80 million during the quarter, compared to analyst estimates of $199.49 million. Kennedy-Wilson had a return on equity of 14.99% and a net margin of 28.15%. The company’s revenue for the quarter was down 31.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 3rd. Shareholders of record on Friday, December 28th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, December 27th. This represents a $0.84 annualized dividend and a yield of 4.42%. This is a positive change from Kennedy-Wilson’s previous quarterly dividend of $0.19. Kennedy-Wilson’s dividend payout ratio (DPR) is currently 186.67%.

KW has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Kennedy-Wilson in a report on Wednesday, December 19th. They issued an “overweight” rating and a $25.00 price target on the stock. BTIG Research set a $33.00 price target on shares of Kennedy-Wilson and gave the company a “buy” rating in a report on Thursday, December 6th. TheStreet cut shares of Kennedy-Wilson from a “b-” rating to a “c” rating in a report on Thursday, November 1st. Finally, ValuEngine upgraded shares of Kennedy-Wilson from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Kennedy-Wilson currently has an average rating of “Buy” and an average price target of $26.75.

A number of institutional investors have recently made changes to their positions in KW. First Trust Advisors LP lifted its position in Kennedy-Wilson by 183.4% during the second quarter. First Trust Advisors LP now owns 48,830 shares of the financial services provider’s stock valued at $1,033,000 after buying an additional 31,599 shares during the period. Sei Investments Co. lifted its position in Kennedy-Wilson by 60.3% during the second quarter. Sei Investments Co. now owns 6,260 shares of the financial services provider’s stock valued at $132,000 after buying an additional 2,355 shares during the period. Strs Ohio purchased a new position in Kennedy-Wilson during the second quarter valued at $103,000. Schwab Charles Investment Management Inc. lifted its position in Kennedy-Wilson by 11.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 694,606 shares of the financial services provider’s stock valued at $14,691,000 after buying an additional 71,703 shares during the period. Finally, BlackRock Inc. lifted its position in Kennedy-Wilson by 5.8% during the second quarter. BlackRock Inc. now owns 10,507,684 shares of the financial services provider’s stock valued at $222,237,000 after buying an additional 579,765 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

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About Kennedy-Wilson

Kennedy-Wilson Holdings, Inc 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 commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan.

See Also: Rule of 72

Insider Buying and Selling by Quarter for Kennedy-Wilson (NYSE:KW)

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