Legal & General Group Plc lifted its position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 20.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,775 shares of the financial services provider’s stock after purchasing an additional 5,995 shares during the quarter. Legal & General Group Plc owned 0.07% of Alexander & Baldwin Holdings worth $1,481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Alexander & Baldwin Holdings by 21,246.3% in the first quarter. BlackRock Inc. now owns 5,164,741 shares of the financial services provider’s stock valued at $229,934,000 after purchasing an additional 5,140,546 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Alexander & Baldwin Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 3,686,330 shares of the financial services provider’s stock valued at $164,116,000 after purchasing an additional 183,477 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Alexander & Baldwin Holdings by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,565,417 shares of the financial services provider’s stock valued at $114,211,000 after purchasing an additional 143,883 shares in the last quarter. State Street Corp raised its stake in shares of Alexander & Baldwin Holdings by 1.8% in the first quarter. State Street Corp now owns 1,441,888 shares of the financial services provider’s stock valued at $64,191,000 after purchasing an additional 24,812 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Alexander & Baldwin Holdings by 6.0% in the first quarter. Victory Capital Management Inc. now owns 1,013,247 shares of the financial services provider’s stock valued at $45,110,000 after purchasing an additional 57,203 shares in the last quarter. Institutional investors and hedge funds own 74.16% of the company’s stock.

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Alexander & Baldwin Holdings, Inc. (NYSE ALEX) opened at 46.00 on Thursday. Alexander & Baldwin Holdings, Inc. has a 52 week low of $36.98 and a 52 week high of $46.87. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 233.50 and a beta of 1.44. The company has a 50 day moving average price of $43.50 and a 200-day moving average price of $42.99.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Monday, August 7th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.28 annualized dividend and a yield of 0.62%. Alexander & Baldwin Holdings’s payout ratio is currently 133.33%.

In related news, Director Stanley M. Kuriyama sold 4,250 shares of Alexander & Baldwin Holdings stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $43.45, for a total transaction of $184,662.50. Following the completion of the sale, the director now directly owns 255,883 shares of the company’s stock, valued at approximately $11,118,116.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 12,750 shares of company stock valued at $547,825. 7.60% of the stock is currently owned by insiders.

Separately, BidaskClub upgraded Alexander & Baldwin Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th.

About Alexander & Baldwin Holdings

Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.

Institutional Ownership by Quarter for Alexander & Baldwin Holdings (NYSE:ALEX)

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