Alexander & Baldwin Holdings, Inc. $ALEX Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Alexander & Baldwin Holdings, Inc. by 47.1%, acquiring an additional 38,092 shares, bringing its total holdings to 118,892 shares valued at approximately $2,049,000.
• Institutional investors own 91.29% of Alexander & Baldwin's stock, indicating strong institutional confidence in the company.
• Alexander & Baldwin recently declared a quarterly dividend of $0.225 per share, representing an annualized dividend yield of 4.9% and a payout ratio of 84.11%.

Voya Investment Management LLC boosted its position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 47.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 118,892 shares of the financial services provider's stock after purchasing an additional 38,092 shares during the quarter. Voya Investment Management LLC owned about 0.16% of Alexander & Baldwin worth $2,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ALEX. Nuveen LLC purchased a new stake in shares of Alexander & Baldwin during the 1st quarter valued at about $8,116,000. Millennium Management LLC grew its holdings in Alexander & Baldwin by 81.8% during the 1st quarter. Millennium Management LLC now owns 737,931 shares of the financial services provider's stock valued at $12,715,000 after buying an additional 331,969 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Alexander & Baldwin by 321.2% in the fourth quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider's stock valued at $6,302,000 after purchasing an additional 270,907 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Alexander & Baldwin by 666.8% in the first quarter. Panagora Asset Management Inc. now owns 246,443 shares of the financial services provider's stock valued at $4,246,000 after purchasing an additional 214,305 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Alexander & Baldwin by 1.5% in the first quarter. Vanguard Group Inc. now owns 11,650,160 shares of the financial services provider's stock valued at $200,732,000 after purchasing an additional 172,992 shares in the last quarter. Hedge funds and other institutional investors own 91.29% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a "market perform" rating on shares of Alexander & Baldwin in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $24.00.

Alexander & Baldwin Stock Down 0.0%

Shares of ALEX stock traded down $0.01 on Monday, hitting $18.37. The stock had a trading volume of 315,489 shares, compared to its average volume of 487,938. 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 business has a 50 day moving average price of $18.47 and a 200 day moving average price of $17.80. The company has a market cap of $1.34 billion, a PE ratio of 17.16, a P/E/G ratio of 1.64 and a beta of 1.07. Alexander & Baldwin Holdings, Inc. has a one year low of $15.70 and a one year high of $19.97.

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 $0.225 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. Alexander & Baldwin's payout ratio is currently 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.