Alexander & Baldwin Holdings, Inc. $ALEX Shares Acquired by US Bancorp DE

US Bancorp DE grew its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 468.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,795 shares of the financial services provider’s stock after buying an additional 5,600 shares during the quarter. US Bancorp DE’s holdings in Alexander & Baldwin were worth $117,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Alexander & Baldwin in the 4th quarter valued at approximately $206,000. PharVision Advisers LLC acquired a new position in Alexander & Baldwin during the fourth quarter worth $209,000. Tower Research Capital LLC TRC raised its holdings in Alexander & Baldwin by 138.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 7,653 shares during the last quarter. Hancock Whitney Corp acquired a new position in Alexander & Baldwin during the fourth quarter worth $236,000. Finally, Raymond James Financial Inc. acquired a new position in Alexander & Baldwin during the fourth quarter worth $272,000. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Stock Performance

Shares of ALEX stock opened at $18.44 on Monday. The stock has a fifty day moving average price of $18.03 and a 200 day moving average price of $17.63. The stock has a market cap of $1.34 billion, a PE ratio of 17.23, a P/E/G ratio of 1.64 and a beta of 1.04. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20.

Alexander & Baldwin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.90 annualized dividend and a yield of 4.9%. Alexander & Baldwin’s payout ratio is currently 84.11%.

Alexander & Baldwin Profile

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.