CKW Financial Group Has $337,000 Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

CKW Financial Group grew its stake in Alexander & Baldwin, Inc. (NYSE:ALEX) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,976 shares of the financial services provider’s stock after buying an additional 2,191 shares during the period. CKW Financial Group’s holdings in Alexander & Baldwin were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Jane Street Group LLC increased its position in Alexander & Baldwin by 61.2% during the 3rd quarter. Jane Street Group LLC now owns 94,616 shares of the financial services provider’s stock valued at $1,817,000 after purchasing an additional 35,916 shares during the period. HighTower Advisors LLC bought a new stake in shares of Alexander & Baldwin in the 3rd quarter valued at $1,151,000. Victory Capital Management Inc. increased its position in shares of Alexander & Baldwin by 3.1% during the third quarter. Victory Capital Management Inc. now owns 965,435 shares of the financial services provider’s stock worth $18,536,000 after buying an additional 29,006 shares during the period. Geode Capital Management LLC raised its stake in Alexander & Baldwin by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider’s stock worth $36,032,000 after buying an additional 23,441 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Alexander & Baldwin by 101.0% in the third quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider’s stock valued at $4,256,000 after buying an additional 111,392 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Analysts Set New Price Targets

ALEX has been the subject of several research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $23.00 price objective (up from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. Finally, StockNews.com lowered Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $17.63 on Monday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 28.43 and a beta of 1.29. The firm’s 50-day moving average price is $18.34 and its 200-day moving average price is $18.78. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $20.30.

Alexander & Baldwin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a $0.2225 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.89 annualized dividend and a yield of 5.05%. Alexander & Baldwin’s payout ratio is currently 145.16%.

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.