1 week Ago By ABMN Staff
JPMorgan Chase & Co. increased its stake in Alexander & Baldwin, Inc. ( NYSE:ALEX – Free Report ) by 51.
0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 880,018 shares of the financial services provider’s stock after acquiring an additional 297,044 shares during the quarter. JPMorgan Chase & Co.
’s holdings in Alexander & Baldwin were worth $15,612,000 at the end of the most recent quarter. Several other institutional investors also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC grew its stake in Alexander & Baldwin by 2.
0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 33,607 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 648 shares in the last quarter. American Century Companies Inc.
boosted its holdings in shares of Alexander & Baldwin by 3.4% in the fourth quarter. American Century Companies Inc.
now owns 24,188 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 797 shares during the period. 1620 Investment Advisors Inc. grew its stake in Alexander & Baldwin by 4.
4% in the fourth quarter. 1620 Investment Advisors Inc. now owns 20,937 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 879 shares in the last quarter.
Versant Capital Management Inc increased its holdings in Alexander & Baldwin by 90.0% during the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,034 shares during the period.
Finally, Inspire Investing LLC increased its holdings in Alexander & Baldwin by 5.1% during the 4th quarter. Inspire Investing LLC now owns 22,583 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 1,096 shares during the period.
Hedge funds and other institutional investors own 91.29% of the company’s stock. Alexander & Baldwin Stock Up 1.
5 % Shares of NYSE ALEX opened at $16.24 on Friday. Alexander & Baldwin, Inc.
has a 12-month low of $15.53 and a 12-month high of $20.30.
The stock’s fifty day simple moving average is $17.47 and its two-hundred day simple moving average is $18.16.
The stock has a market capitalization of $1.18 billion, a PE ratio of 26.19 and a beta of 1.
03. The company has a current ratio of 0.35, a quick ratio of 0.
35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin Increases Dividend The company also recently declared a quarterly dividend, which was paid on Monday, April 7th.
Stockholders of record on Friday, March 14th were issued a $0.225 dividend. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.
22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.
54%. The ex-dividend date was Friday, March 14th. Alexander & Baldwin’s dividend payout ratio (DPR) is currently 107.
14%. Analyst Upgrades and Downgrades Several equities research analysts have weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th.
Piper Sandler increased their target price on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, February 28th.
Finally, StockNews.com downgraded shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a research report on Sunday, March 16th. Read Our Latest Research Report on Alexander & Baldwin Alexander & Baldwin Company Profile ( Free Report ) Alexander & Baldwin, Inc engages in the real estate business.
It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.
Recommended Stories Want to see what other hedge funds are holding ALEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander & Baldwin, Inc. ( NYSE:ALEX – Free Report ).
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