Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Purchased by Amundi

Amundi lifted its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 43.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,365 shares of the financial services provider's stock after acquiring an additional 22,287 shares during the quarter. Amundi owned 0.10% of Alexander & Baldwin worth $1,270,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ALEX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Alexander & Baldwin by 386.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 481,253 shares of the financial services provider's stock worth $9,240,000 after purchasing an additional 382,327 shares during the last quarter. State Street Corp raised its position in shares of Alexander & Baldwin by 9.4% during the 3rd quarter. State Street Corp now owns 4,228,089 shares of the financial services provider's stock worth $82,033,000 after purchasing an additional 363,223 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Alexander & Baldwin by 10.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,970,393 shares of the financial services provider's stock worth $37,832,000 after purchasing an additional 190,357 shares during the last quarter. Regency Capital Management Inc. DE raised its position in shares of Alexander & Baldwin by 59.6% during the 4th 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 during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Alexander & Baldwin by 31.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,974 shares of the financial services provider's stock worth $11,193,000 after purchasing an additional 140,207 shares during the last quarter. 91.29% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALEX. JMP Securities restated a "market perform" rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Piper Sandler raised their target price on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, StockNews.com lowered shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th.

Alexander & Baldwin Price Performance

ALEX traded down $0.24 during trading on Friday, reaching $17.11. The company's stock had a trading volume of 1,085,312 shares, compared to its average volume of 328,806. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $17.75 and a two-hundred day simple moving average of $18.48. Alexander & Baldwin, Inc. has a 1 year low of $15.53 and a 1 year high of $20.30. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 27.59 and a beta of 1.27.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.15 by $0.15. The firm had revenue of $62.45 million for the quarter, compared to analyst estimates of $49.68 million. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. As a group, analysts anticipate that Alexander & Baldwin, Inc. will post 1.35 EPS for the current year.

Alexander & Baldwin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 14th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Alexander & Baldwin's previous quarterly dividend of $0.22. Alexander & Baldwin's payout ratio is presently 107.14%.

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.