ING Groep NV Purchases Shares of 5,620 Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

ING Groep NV purchased a new stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,620 shares of the financial services provider’s stock, valued at approximately $233,000.

A number of other institutional investors have also made changes to their positions in ALEX. IFP Advisors Inc boosted its position in shares of Alexander & Baldwin Holdings by 1.3% in the first quarter. IFP Advisors Inc now owns 2,580 shares of the financial services provider’s stock valued at $115,000 after buying an additional 32 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of Alexander & Baldwin Holdings by 14.6% in the first quarter. Flinton Capital Management LLC now owns 2,632 shares of the financial services provider’s stock valued at $117,000 after buying an additional 336 shares during the last quarter. Neuburgh Advisers LLC boosted its position in shares of Alexander & Baldwin Holdings by 14.6% in the first quarter. Neuburgh Advisers LLC now owns 3,196 shares of the financial services provider’s stock valued at $142,000 after buying an additional 408 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Alexander & Baldwin Holdings by 17.6% in the second quarter. LS Investment Advisors LLC now owns 3,673 shares of the financial services provider’s stock valued at $152,000 after buying an additional 550 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Alexander & Baldwin Holdings during the first quarter valued at $211,000. 75.81% of the stock is currently owned by institutional investors and hedge funds.

Alexander & Baldwin Holdings, Inc. (ALEX) traded up 0.14% during trading on Friday, hitting $43.32. 1,218,683 shares of the company’s stock traded hands. Alexander & Baldwin Holdings, Inc. has a 12 month low of $36.98 and a 12 month high of $46.87. The company’s 50 day moving average is $42.07 and its 200-day moving average is $43.21. The stock has a market cap of $2.13 billion, a P/E ratio of 219.90 and a beta of 1.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Monday, August 7th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, August 3rd. Alexander & Baldwin Holdings’s dividend payout ratio (DPR) is presently 133.33%.

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Separately, BidaskClub raised shares of Alexander & Baldwin Holdings from a “sell” rating to a “hold” rating in a research report on Friday.

In other Alexander & Baldwin Holdings news, Director Stanley M. Kuriyama sold 4,250 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $41.75, for a total value of $177,437.50. Following the sale, the director now owns 260,133 shares in the company, valued at $10,860,552.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.60% of the stock is currently owned by corporate insiders.

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.

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

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