Victory Capital Management Inc. Sells 64,458 Shares of 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. lowered its holdings in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 69.8% during the 1st quarter, according to the company in 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 filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Alexander & Baldwin in the fourth quarter worth $272,000. American Century Companies Inc. grew its holdings in Alexander & Baldwin by 3.4% in the 4th quarter. American Century Companies Inc. now owns 24,188 shares of the financial services provider's stock worth $429,000 after acquiring an additional 797 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Alexander & Baldwin in the fourth quarter valued at about $277,000. Prudential Financial Inc. raised its stake in shares of Alexander & Baldwin by 32.8% during the fourth 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 shares of Alexander & Baldwin by 51.0% during the fourth quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock worth $15,612,000 after purchasing an additional 297,044 shares during the period. Hedge funds and other institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Trading Up 1.3%

ALEX traded up $0.24 during midday trading on Monday, reaching $18.23. 468,852 shares of the company's stock traded hands, compared to its average volume of 438,104. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.59 and a beta of 1.04. The firm has a fifty day moving average of $17.94 and a two-hundred day moving average of $17.59. Alexander & Baldwin Holdings, Inc. has a 52 week low of $15.70 and a 52 week high of $20.11.

Alexander & Baldwin Announces Dividend

The company 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 dividend yield of 4.9%. 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.