Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,656 shares of the financial services provider’s stock after selling 6,347 shares during the quarter. SG Americas Securities LLC’s holdings in Alexander & Baldwin were worth $313,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its stake in shares of Alexander & Baldwin by 3.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 228,467 shares of the financial services provider’s stock worth $4,053,000 after purchasing an additional 6,775 shares in the last quarter. Versant Capital Management Inc grew its holdings in Alexander & Baldwin by 90.0% during the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock valued at $39,000 after buying an additional 1,034 shares during the last quarter. JPMorgan Chase & Co. increased its position in Alexander & Baldwin by 31.7% during the third quarter. JPMorgan Chase & Co. now owns 582,974 shares of the financial services provider’s stock worth $11,193,000 after buying an additional 140,207 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Alexander & Baldwin by 29.0% in the third quarter. Tidal Investments LLC now owns 52,195 shares of the financial services provider’s stock worth $1,002,000 after acquiring an additional 11,719 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Alexander & Baldwin by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider’s stock valued at $36,032,000 after acquiring an additional 23,441 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Stock Down 0.3 %

Shares of NYSE:ALEX opened at $17.92 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 28.90 and a beta of 1.29. The stock’s 50-day moving average price is $18.12 and its two-hundred day moving average price is $18.78. Alexander & Baldwin, Inc. has a 12-month low of $15.53 and a 12-month high of $20.30.

Alexander & Baldwin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a $0.2225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.89 annualized dividend and a dividend yield of 4.97%. Alexander & Baldwin’s dividend payout ratio is presently 145.16%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ALEX shares. JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Piper Sandler reiterated an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

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.