Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,231 shares of the financial services provider's stock after acquiring an additional 22,216 shares during the period. Hsbc Holdings PLC owned about 0.12% of Alexander & Baldwin worth $1,508,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ALEX. Bank of Montreal Can grew its position in shares of Alexander & Baldwin by 2.3% during the fourth quarter. Bank of Montreal Can now owns 27,594 shares of the financial services provider's stock worth $490,000 after acquiring an additional 615 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Alexander & Baldwin by 2.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 33,607 shares of the financial services provider's stock worth $596,000 after buying an additional 648 shares during the period. American Century Companies Inc. raised its stake in Alexander & Baldwin by 3.4% during the 4th quarter. American Century Companies Inc. now owns 24,188 shares of the financial services provider's stock valued at $429,000 after acquiring an additional 797 shares during the last quarter. 1620 Investment Advisors Inc. grew its stake in shares of Alexander & Baldwin by 4.4% in the 4th quarter. 1620 Investment Advisors Inc. now owns 20,937 shares of the financial services provider's stock valued at $371,000 after purchasing an additional 879 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Alexander & Baldwin by 0.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 154,562 shares of the financial services provider's stock valued at $2,742,000 after purchasing an additional 948 shares during the period. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Price Performance

Alexander & Baldwin stock traded down $0.13 during mid-day trading on Thursday, reaching $17.19. The company had a trading volume of 35,027 shares, compared to its average volume of 384,971. The stock's 50-day simple moving average is $17.11 and its 200-day simple moving average is $17.93. Alexander & Baldwin, 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 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $1.25 billion, a P/E ratio of 27.73 and a beta of 0.99.

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

Alexander & Baldwin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.24%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's payout ratio is 105.88%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ALEX. StockNews.com cut shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th. Piper Sandler raised their price objective on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, February 28th.

Alexander & Baldwin Company 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.