Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,013,726 shares of the financial services provider's stock after purchasing an additional 43,333 shares during the period. Charles Schwab Investment Management Inc. owned about 2.77% of Alexander & Baldwin worth $35,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALEX. Smartleaf Asset Management LLC increased its position in shares of Alexander & Baldwin by 284.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,239 shares in the last quarter. Versant Capital Management Inc increased its holdings in Alexander & Baldwin by 90.0% in the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider's stock worth $39,000 after acquiring an additional 1,034 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Alexander & Baldwin by 19.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider's stock worth $66,000 after acquiring an additional 572 shares during the period. KBC Group NV lifted its holdings in Alexander & Baldwin by 53.6% during the third quarter. KBC Group NV now owns 3,835 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 1,338 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Alexander & Baldwin during the third quarter worth about $79,000. Institutional investors and hedge funds own 91.29% of the company's stock.

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Alexander & Baldwin Trading Down 0.2 %

Shares of ALEX stock traded down $0.04 on Thursday, hitting $17.35. 186,024 shares of the stock traded hands, compared to its average volume of 327,053. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The firm's 50-day moving average price is $17.75 and its two-hundred day moving average price is $18.51. Alexander & Baldwin, Inc. has a twelve month low of $15.53 and a twelve month high of $20.30. The stock has a market capitalization of $1.26 billion, a PE ratio of 28.01 and a beta of 1.27.

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

Alexander & Baldwin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 14th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.19%. 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 dividend payout ratio is 107.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALEX shares. Piper Sandler increased their target price on Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, February 28th. StockNews.com lowered Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday. Finally, JMP Securities restated a "market perform" rating on shares of Alexander & Baldwin in a report on Monday, January 6th.

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.