Jane Street Group LLC Has $2.71 Million Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Jane Street Group LLC raised its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 61.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,759 shares of the financial services provider's stock after buying an additional 58,143 shares during the quarter. Jane Street Group LLC owned about 0.21% of Alexander & Baldwin worth $2,710,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Bank of Montreal Can raised its position in Alexander & Baldwin by 2.3% in the fourth quarter. Bank of Montreal Can now owns 27,594 shares of the financial services provider's stock worth $490,000 after purchasing an additional 615 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Alexander & Baldwin by 2.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 33,607 shares of the financial services provider's stock valued at $596,000 after purchasing an additional 648 shares in the last quarter. American Century Companies Inc. raised its position in shares of Alexander & Baldwin by 3.4% during the fourth 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. 1620 Investment Advisors Inc. boosted its stake in shares of Alexander & Baldwin by 4.4% in the 4th quarter. 1620 Investment Advisors Inc. now owns 20,937 shares of the financial services provider's stock valued at $371,000 after purchasing an additional 879 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Alexander & Baldwin by 0.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 154,562 shares of the financial services provider's stock worth $2,742,000 after acquiring an additional 948 shares during the period. 91.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALEX has been the subject of several research analyst reports. Piper Sandler boosted their price target on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, February 28th. StockNews.com cut Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th.

Alexander & Baldwin Stock Performance

ALEX traded up $0.03 during trading on Tuesday, hitting $17.79. The stock had a trading volume of 24,221 shares, compared to its average volume of 388,992. The company has a 50 day moving average price of $17.05 and a 200-day moving average price of $17.86. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 28.69 and a beta of 0.99. Alexander & Baldwin, Inc. has a one year low of $15.70 and a one year high of $20.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.15. The company had revenue of $62.45 million for the quarter, compared to analysts' expectations of $49.68 million. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. As a group, research analysts predict that Alexander & Baldwin, Inc. will post 1.35 EPS for the current year.

Alexander & Baldwin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's dividend payout ratio is currently 105.88%.

Alexander & Baldwin 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.