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

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. acquired a new position in shares of Alexander & Baldwin in the 4th quarter valued at $7,722,000. Bank of America Corp DE lifted its stake in shares of Alexander & Baldwin by 321.2% in the 4th quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider’s stock valued at $6,302,000 after purchasing an additional 270,907 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Alexander & Baldwin by 23.5% in the 4th quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider’s stock valued at $18,110,000 after purchasing an additional 194,534 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Alexander & Baldwin by 86.0% in the 4th quarter. Millennium Management LLC now owns 405,962 shares of the financial services provider’s stock valued at $7,202,000 after purchasing an additional 187,760 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Alexander & Baldwin by 165.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 293,078 shares of the financial services provider’s stock valued at $5,199,000 after purchasing an additional 182,845 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Stock Performance

Shares of Alexander & Baldwin stock opened at $18.44 on Monday. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.11. The business’s fifty day simple moving average is $18.03 and its 200-day simple moving average is $17.63. The firm has a market cap of $1.34 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44.

Alexander & Baldwin Announces Dividend

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 $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin’s payout ratio is currently 84.11%.

About Alexander & Baldwin

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.