ArrowMark Colorado Holdings LLC Has $4.40 Million Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

ArrowMark Colorado Holdings LLC cut its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 51.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,000 shares of the financial services provider's stock after selling 262,000 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.34% of Alexander & Baldwin worth $4,400,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Jane Street Group LLC boosted its stake in shares of Alexander & Baldwin by 61.5% during the fourth quarter. Jane Street Group LLC now owns 152,759 shares of the financial services provider's stock valued at $2,710,000 after purchasing an additional 58,143 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Alexander & Baldwin by 174.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 67,720 shares of the financial services provider's stock worth $1,201,000 after purchasing an additional 43,090 shares during the period. Northern Trust Corp grew its position in Alexander & Baldwin by 23.5% during the 4th quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock worth $18,110,000 after purchasing an additional 194,534 shares during the period. Hancock Whitney Corp acquired a new position in shares of Alexander & Baldwin in the fourth quarter worth about $236,000. Finally, Voya Investment Management LLC lifted its position in shares of Alexander & Baldwin by 1.8% during the 4th quarter. Voya Investment Management LLC now owns 80,800 shares of the financial services provider's stock valued at $1,433,000 after buying an additional 1,436 shares in the last quarter. Institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Price Performance

Alexander & Baldwin stock traded up $0.03 during mid-day trading on Wednesday, reaching $17.31. The company had a trading volume of 320,957 shares, compared to its average volume of 386,351. Alexander & Baldwin, Inc. has a 1 year low of $15.70 and a 1 year high of $20.30. The company has a market capitalization of $1.26 billion, a P/E ratio of 27.92 and a beta of 0.99. The stock's 50-day simple moving average is $17.13 and its 200-day simple moving average is $17.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35.

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

Alexander & Baldwin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.20%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's dividend payout ratio (DPR) is 105.88%.

Analyst Ratings Changes

A number of analysts have commented on ALEX shares. StockNews.com downgraded shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday, March 16th. Piper Sandler raised 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.

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.