Algert Global LLC cut its position in The St. Joe Company (NYSE:JOE - Free Report) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,462 shares of the financial services provider's stock after selling 23,173 shares during the quarter. Algert Global LLC owned approximately 0.19% of St. Joe worth $5,008,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in St. Joe by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after buying an additional 252,906 shares during the period. Geode Capital Management LLC boosted its position in St. Joe by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider's stock valued at $40,746,000 after buying an additional 8,031 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in St. Joe by 7.7% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider's stock worth $25,350,000 after purchasing an additional 40,354 shares during the last quarter. Northern Trust Corp grew its stake in shares of St. Joe by 7.4% during the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider's stock worth $19,512,000 after purchasing an additional 29,918 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of St. Joe by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider's stock valued at $16,380,000 after buying an additional 6,904 shares during the period. 86.67% of the stock is owned by institutional investors.
St. Joe Stock Up 0.1 %
NYSE:JOE traded up $0.04 on Friday, hitting $44.49. 143,299 shares of the company's stock were exchanged, compared to its average volume of 221,474. The St. Joe Company has a 52 week low of $40.19 and a 52 week high of $64.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a 50-day moving average price of $44.30 and a 200-day moving average price of $46.85. The company has a market cap of $2.59 billion, a P/E ratio of 37.70 and a beta of 1.37.
St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $94.20 million during the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.
St. Joe Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe's dividend payout ratio (DPR) is presently 42.11%.
Insider Transactions at St. Joe
In related news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the transaction, the insider now owns 16,940,624 shares in the company, valued at approximately $796,378,734.24. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 300,000 shares of company stock valued at $14,113,022 in the last quarter. 38.80% of the stock is currently owned by company insiders.
St. Joe Profile
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Free Report)
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.
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