Janney Montgomery Scott LLC Has $228,000 Position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Janney Montgomery Scott LLC decreased its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 66.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,253 shares of the financial services provider's stock after selling 26,181 shares during the quarter. Janney Montgomery Scott LLC's holdings in Alexander & Baldwin were worth $228,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ALEX. Charles Schwab Investment Management Inc. increased its position in Alexander & Baldwin by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,013,726 shares of the financial services provider's stock valued at $35,723,000 after acquiring an additional 43,333 shares in the last quarter. Northern Trust Corp increased its position in Alexander & Baldwin by 23.5% in the 4th quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock valued at $18,110,000 after acquiring an additional 194,534 shares in the last quarter. JPMorgan Chase & Co. increased its position in Alexander & Baldwin by 51.0% in the 4th quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock valued at $15,612,000 after acquiring an additional 297,044 shares in the last quarter. Clearbridge Investments LLC increased its position in Alexander & Baldwin by 0.5% in the 4th quarter. Clearbridge Investments LLC now owns 614,940 shares of the financial services provider's stock valued at $10,909,000 after acquiring an additional 3,210 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Alexander & Baldwin by 3.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,565 shares of the financial services provider's stock valued at $8,862,000 after acquiring an additional 18,312 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th.

Alexander & Baldwin Trading Down 0.1%

Shares of NYSE:ALEX traded down $0.01 during trading on Thursday, hitting $17.84. 276,778 shares of the company's stock were exchanged, compared to its average volume of 398,661. Alexander & Baldwin Holdings, Inc. has a 1-year low of $15.70 and a 1-year high of $20.30. The firm has a 50-day moving average price of $17.79 and a two-hundred day moving average price of $17.54. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.30 billion, a P/E ratio of 20.99 and a beta of 1.01.

Alexander & Baldwin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, June 13th. Alexander & Baldwin's dividend payout ratio is 105.88%.

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.