Alexander & Baldwin Holdings, Inc. $ALEX Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Alexander & Baldwin by 23.6%, owning a total of 105,332 shares worth $1,811,000 after acquiring an additional 20,101 shares.
• Alexander & Baldwin recently declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90 and a yield of 4.6%.
• The stock has shown a price range with a 52-week low of $15.70 and a high of $20.11, with a current market capitalization of $1.41 billion.

Hsbc Holdings PLC raised its position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 23.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,332 shares of the financial services provider's stock after purchasing an additional 20,101 shares during the quarter. Hsbc Holdings PLC owned about 0.14% of Alexander & Baldwin worth $1,811,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in shares of Alexander & Baldwin by 468.6% in the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock worth $117,000 after acquiring an additional 5,600 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Alexander & Baldwin in the 4th quarter worth approximately $209,000. Tower Research Capital LLC TRC lifted its holdings in shares of Alexander & Baldwin by 138.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider's stock worth $234,000 after acquiring an additional 7,653 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Alexander & Baldwin in the 4th quarter worth approximately $272,000. Finally, Cerity Partners LLC acquired a new position in shares of Alexander & Baldwin in the 1st quarter worth approximately $280,000. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities restated a "market perform" rating on shares of Alexander & Baldwin in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Alexander & Baldwin currently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Alexander & Baldwin Stock Down 1.7%

Alexander & Baldwin stock traded down $0.34 during mid-day trading on Tuesday, reaching $19.01. 283,647 shares of the company's stock were exchanged, compared to its average volume of 287,701. The company has a market cap of $1.38 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.73 and a beta of 1.07. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.70 and a twelve month high of $20.11. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $18.25 and a 200-day moving average of $17.72.

Alexander & Baldwin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, September 12th. This represents a $0.90 dividend on an annualized basis and a yield of 4.7%. Alexander & Baldwin's dividend payout ratio is 84.11%.

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.