Charles Schwab Investment Management Inc. Has $35.72 Million Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Charles Schwab Investment Management Inc. boosted its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,013,726 shares of the financial services provider’s stock after buying an additional 43,333 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Alexander & Baldwin were worth $35,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALEX. Los Angeles Capital Management LLC acquired a new position in shares of Alexander & Baldwin in the 3rd quarter valued at about $561,000. Victory Capital Management Inc. increased its holdings in shares of Alexander & Baldwin by 3.1% in the 3rd quarter. Victory Capital Management Inc. now owns 965,435 shares of the financial services provider’s stock valued at $18,536,000 after purchasing an additional 29,006 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Alexander & Baldwin by 5.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,732 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 683 shares during the period. KBC Group NV increased its holdings in shares of Alexander & Baldwin by 53.6% in the 3rd quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,338 shares during the period. Finally, Quest Partners LLC increased its holdings in shares of Alexander & Baldwin by 706.5% in the 3rd quarter. Quest Partners LLC now owns 24,793 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 21,719 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Wall Street Analysts Forecast Growth

ALEX has been the subject of several recent research reports. StockNews.com cut Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Sunday. JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Finally, Piper Sandler increased their price objective on Alexander & Baldwin from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, February 28th.

Alexander & Baldwin Price Performance

Shares of ALEX stock opened at $17.45 on Monday. The stock’s fifty day moving average is $17.74 and its 200-day moving average is $18.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $1.27 billion, a PE ratio of 28.14 and a beta of 1.27. Alexander & Baldwin, Inc. has a 52 week low of $15.53 and a 52 week high of $20.30.

Alexander & Baldwin (NYSE:ALEX) last announced its earnings results on Thursday, February 27th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate 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%. Equities research analysts expect that Alexander & Baldwin, Inc. will post 1.35 EPS for the current fiscal year.

Alexander & Baldwin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 14th will be issued a $0.225 dividend. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 5.16%. Alexander & Baldwin’s dividend payout ratio (DPR) is currently 107.14%.

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.