Principal Financial Group Inc. Raises Stock Holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Principal Financial Group Inc. lifted its holdings in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEXFree Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 361,720 shares of the financial services provider’s stock after buying an additional 9,482 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Alexander & Baldwin worth $6,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. New York State Teachers Retirement System grew its holdings in Alexander & Baldwin by 1.3% in the first quarter. New York State Teachers Retirement System now owns 126,891 shares of the financial services provider’s stock valued at $2,186,000 after purchasing an additional 1,680 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Alexander & Baldwin during the 1st quarter worth $606,000. Asset Management One Co. Ltd. boosted its stake in Alexander & Baldwin by 2.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 198,313 shares of the financial services provider’s stock worth $3,417,000 after buying an additional 3,831 shares during the last quarter. LDR Capital Management LLC boosted its position in shares of Alexander & Baldwin by 23.9% in the first quarter. LDR Capital Management LLC now owns 138,534 shares of the financial services provider’s stock worth $2,387,000 after acquiring an additional 26,690 shares during the last quarter. Finally, North Star Investment Management Corp. grew its stake in shares of Alexander & Baldwin by 3.9% during the 1st quarter. North Star Investment Management Corp. now owns 53,000 shares of the financial services provider’s stock valued at $913,000 after buying an additional 2,000 shares during the period. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Alexander & Baldwin Stock Up 0.9%

ALEX opened at $17.63 on Thursday. The firm has a 50 day moving average price of $17.82 and a 200 day moving average price of $17.54. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $1.28 billion, a PE ratio of 20.74 and a beta of 1.01.

Alexander & Baldwin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.90 annualized dividend and a dividend yield of 5.10%. Alexander & Baldwin’s payout ratio is 105.88%.

Alexander & Baldwin 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.

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Institutional Ownership by Quarter for Alexander & Baldwin (NYSE:ALEX)

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