Arrowstreet Capital Limited Partnership Invests $400,000 in The St. Joe Company (NYSE:JOE)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of The St. Joe Company (NYSE:JOE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,910 shares of the financial services provider's stock, valued at approximately $400,000.

Other large investors have also bought and sold shares of the company. Carmel Capital Partners LLC grew its holdings in shares of St. Joe by 4.6% during the fourth quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider's stock worth $383,000 after buying an additional 375 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after acquiring an additional 430 shares in the last quarter. Legacy Capital Group California Inc. grew its stake in shares of St. Joe by 12.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock worth $220,000 after acquiring an additional 540 shares in the last quarter. KBC Group NV raised its holdings in shares of St. Joe by 38.8% in the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 576 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of St. Joe by 4.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 22,117 shares of the financial services provider's stock worth $994,000 after purchasing an additional 901 shares in the last quarter. 86.67% of the stock is owned by institutional investors.

St. Joe Stock Up 0.9 %

St. Joe stock traded up $0.40 during mid-day trading on Friday, reaching $42.63. The company's stock had a trading volume of 157,757 shares, compared to its average volume of 220,190. The business's 50 day simple moving average is $45.58 and its 200 day simple moving average is $48.52. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The St. Joe Company has a 12 month low of $40.19 and a 12 month high of $64.69. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 36.13 and a beta of 1.28.

St. Joe (NYSE:JOE - Get Free Report) last released its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The business had revenue of $104.30 million for the quarter.

St. Joe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.31%. St. Joe's payout ratio is 44.09%.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the sale, the insider now directly owns 17,162,524 shares of the company's stock, valued at approximately $808,526,505.64. This represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 300,000 shares of company stock worth $14,113,022 over the last quarter. 38.80% of the stock is currently owned by insiders.

St. Joe Company Profile

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.