Stifel Financial Corp decreased its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 23.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,490 shares of the financial services provider’s stock after selling 9,507 shares during the period. Stifel Financial Corp owned about 0.06% of Alexander & Baldwin worth $1,413,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its position in Alexander & Baldwin by 8.5% in the second quarter. Parametric Portfolio Associates LLC now owns 71,745 shares of the financial services provider’s stock worth $2,969,000 after purchasing an additional 5,643 shares during the last quarter. Brandes Investment Partners LP boosted its position in Alexander & Baldwin by 55.2% in the second quarter. Brandes Investment Partners LP now owns 39,984 shares of the financial services provider’s stock worth $1,655,000 after purchasing an additional 14,223 shares during the last quarter. Balyasny Asset Management LLC purchased a new position in Alexander & Baldwin in the second quarter worth $1,670,000. Russell Investments Group Ltd. purchased a new position in Alexander & Baldwin in the second quarter worth $265,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Alexander & Baldwin by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 593,836 shares of the financial services provider’s stock valued at $24,572,000 after buying an additional 15,399 shares during the period. 78.17% of the stock is currently owned by institutional investors.

In other news, Director Stanley M. Kuriyama sold 4,250 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $46.67, for a total value of $198,347.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher J. Benjamin sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $28.85, for a total value of $144,250.00. Following the completion of the transaction, the chief executive officer now directly owns 555 shares of the company’s stock, valued at approximately $16,011.75. The disclosure for this sale can be found here. Insiders have sold a total of 23,500 shares of company stock valued at $816,228 over the last 90 days. 7.60% of the stock is currently owned by company insiders.

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) opened at $27.87 on Monday. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $27.60 and a fifty-two week high of $46.96. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1,370.00, a PE ratio of 24.03 and a beta of 1.45.

The business also recently announced a special dividend, which will be paid on Tuesday, January 23rd. Investors of record on Wednesday, November 29th will be issued a dividend of $15.92 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This is a boost from Alexander & Baldwin’s previous special dividend of $0.04. Alexander & Baldwin’s dividend payout ratio is currently 24.14%.

Several analysts have issued reports on the company. BidaskClub upgraded Alexander & Baldwin from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 14th. TheStreet lowered Alexander & Baldwin from a “b-” rating to a “c” rating in a research note on Tuesday, November 28th.

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About Alexander & Baldwin

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 (NYSE:ALEX)

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