Victory Capital Management Inc. Trims Holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Key Points

• Victory Capital Management Inc. significantly reduced its stake in Alexander & Baldwin Holdings by 69.8%, selling 64,458 shares during Q1, leaving it with 27,875 shares valued at approx. $480,000.
• A number of institutional investors made new investments in Alexander & Baldwin during the 4th quarter, with significant stakes from firms like XTX Topco Ltd. and Raymond James Financial Inc..
• Alexander & Baldwin recently declared a quarterly dividend of $0.225 per share, representing an annual yield of 5.0%, with a dividend payout ratio currently at 84.11%.

Victory Capital Management Inc. reduced its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 69.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 27,875 shares of the financial services provider's stock after selling 64,458 shares during the period. Victory Capital Management Inc.'s holdings in Alexander & Baldwin were worth $480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Alexander & Baldwin in the fourth quarter worth $272,000. American Century Companies Inc. increased its holdings in shares of Alexander & Baldwin by 3.4% in the fourth quarter. American Century Companies Inc. now owns 24,188 shares of the financial services provider's stock worth $429,000 after buying an additional 797 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Alexander & Baldwin in the 4th quarter valued at about $277,000. Prudential Financial Inc. lifted its stake in shares of Alexander & Baldwin by 32.8% in the 4th quarter. Prudential Financial Inc. now owns 99,997 shares of the financial services provider's stock valued at $1,774,000 after acquiring an additional 24,700 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Alexander & Baldwin by 51.0% during 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 during the period. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Alexander & Baldwin Trading Down 0.2%

ALEX traded down $0.03 on Wednesday, hitting $18.17. 69,105 shares of the company were exchanged, compared to its average volume of 435,838. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a fifty day simple moving average of $17.97 and a two-hundred day simple moving average of $17.60. The stock has a market capitalization of $1.32 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04. Alexander & Baldwin Holdings, Inc. has a 12 month low of $15.70 and a 12 month high of $20.11.

Alexander & Baldwin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.90 annualized dividend and a yield of 5.0%. Alexander & Baldwin's dividend payout ratio is presently 84.11%.

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.