Schwab Charles Investment Management Inc. lifted its stake in Alexander & Baldwin Inc (NYSE:ALEX) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,530 shares of the financial services provider’s stock after buying an additional 4,028 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Alexander & Baldwin were worth $6,146,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of ALEX. Daiwa Securities Group Inc. bought a new position in shares of Alexander & Baldwin in the third quarter worth about $208,000. Jane Street Group LLC bought a new position in shares of Alexander & Baldwin in the third quarter worth about $271,000. Bank of Montreal Can raised its stake in shares of Alexander & Baldwin by 419.7% in the fourth quarter. Bank of Montreal Can now owns 10,717 shares of the financial services provider’s stock worth $298,000 after buying an additional 8,655 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Alexander & Baldwin in the third quarter worth about $312,000. Finally, First Trust Advisors LP bought a new position in shares of Alexander & Baldwin in the third quarter worth about $337,000. 54.75% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on ALEX shares. TheStreet downgraded Alexander & Baldwin from a “b-” rating to a “c” rating in a research note on Tuesday, November 28th. JMP Securities raised Alexander & Baldwin from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 20th. Finally, BidaskClub raised Alexander & Baldwin from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 14th.
Alexander & Baldwin (NYSE:ALEX) last issued its earnings results on Wednesday, February 28th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $122.70 million for the quarter. Alexander & Baldwin had a return on equity of 2.92% and a net margin of 53.70%.
In other Alexander & Baldwin news, CEO Christopher J. Benjamin sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $28.85, for a total transaction of $144,250.00. Following the completion of the transaction, the chief executive officer now owns 555 shares in the company, valued at approximately $16,011.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $27.45, for a total value of $172,935.00. Following the transaction, the director now owns 306,258 shares of the company’s stock, valued at approximately $8,406,782.10. The disclosure for this sale can be found here. Insiders have sold a total of 21,300 shares of company stock valued at $605,685 in the last 90 days. 7.60% of the stock is currently owned by company insiders.
ILLEGAL ACTIVITY NOTICE: “Schwab Charles Investment Management Inc. Buys 4,028 Shares of Alexander & Baldwin Inc (ALEX)” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/3259019/schwab-charles-investment-management-inc-buys-4028-shares-of-alexander-baldwin-inc-alex.html.
Alexander & Baldwin Company Profile
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.
Want to see what other hedge funds are holding ALEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexander & Baldwin Inc (NYSE:ALEX).
Receive News & Ratings for Alexander & Baldwin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin and related companies with MarketBeat.com's FREE daily email newsletter.