2 weeks Ago By ABMN Staff
Bank of Montreal Can raised its position in Alexander & Baldwin, Inc. ( NYSE:ALEX – Free Report ) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 27,594 shares of the financial services provider’s stock after acquiring an additional 615 shares during the quarter. Bank of Montreal Can’s holdings in Alexander & Baldwin were worth $490,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALEX.
Charles Schwab Investment Management Inc. grew its stake in shares of Alexander & Baldwin by 2.2% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 2,013,726 shares of the financial services provider’s stock worth $35,723,000 after purchasing an additional 43,333 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Alexander & Baldwin by 1.
3% during the 3rd quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider’s stock worth $36,032,000 after acquiring an additional 23,441 shares in the last quarter. JPMorgan Chase & Co.
lifted its stake in Alexander & Baldwin by 51.0% during the fourth quarter. JPMorgan Chase & Co.
now owns 880,018 shares of the financial services provider’s stock worth $15,612,000 after purchasing an additional 297,044 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Alexander & Baldwin by 0.5% in the fourth quarter.
Clearbridge Investments LLC now owns 614,940 shares of the financial services provider’s stock valued at $10,909,000 after purchasing an additional 3,210 shares in the last quarter. Finally, Regency Capital Management Inc. DE raised its holdings in Alexander & Baldwin by 59.
6% during the fourth quarter. Regency Capital Management Inc. DE now owns 430,747 shares of the financial services provider’s stock worth $7,641,000 after purchasing an additional 160,928 shares in the last quarter.
Institutional investors and hedge funds own 91.29% of the company’s stock. Alexander & Baldwin Stock Down 1.
0 % Alexander & Baldwin stock opened at $16.67 on Tuesday. Alexander & Baldwin, Inc.
has a twelve month low of $15.70 and a twelve month high of $20.30.
The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 26.89 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. The stock has a 50 day moving average of $17.
31 and a two-hundred day moving average of $18.05. Alexander & Baldwin Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, April 7th.
Shareholders of record on Friday, March 14th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, March 14th.
This represents a $0.90 dividend on an annualized basis and a yield of 5.40%.
This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.22. Alexander & Baldwin’s dividend payout ratio (DPR) is 107.
14%. Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on ALEX shares. Piper Sandler boosted their price target on shares of Alexander & Baldwin from $23.
00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th.
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 Report on Alexander & Baldwin About Alexander & Baldwin ( 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.
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