Centiva Capital LP acquired a new stake in The St. Joe Company (NYSE:JOE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,122 shares of the financial services provider's stock, valued at approximately $320,000.
Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in St. Joe by 30.4% in the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider's stock valued at $8,896,000 after purchasing an additional 35,600 shares during the period. Accordant Advisory Group Inc increased its stake in St. Joe by 80.8% in the fourth quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider's stock valued at $2,347,000 after purchasing an additional 23,333 shares during the period. Steward Partners Investment Advisory LLC increased its stake in St. Joe by 108.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider's stock valued at $508,000 after purchasing an additional 5,875 shares during the period. Swiss National Bank increased its stake in St. Joe by 17.5% in the fourth quarter. Swiss National Bank now owns 80,400 shares of the financial services provider's stock valued at $3,612,000 after purchasing an additional 12,000 shares during the period. Finally, Vanguard Group Inc. increased its stake in St. Joe by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after purchasing an additional 252,906 shares during the period. 86.67% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at St. Joe
In other news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total transaction of $1,934,166.00. Following the transaction, the insider now directly owns 17,310,124 shares in the company, valued at $814,614,435.44. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 300,000 shares of company stock worth $14,113,022 over the last ninety days. 0.32% of the stock is currently owned by company insiders.
St. Joe Trading Up 0.1%
Shares of St. Joe stock opened at $44.49 on Monday. The St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The company's 50-day simple moving average is $44.30 and its 200-day simple moving average is $46.80. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 37.70 and a beta of 1.37.
St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The business had revenue of $94.20 million for the quarter.
St. Joe Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.26%. St. Joe's dividend payout ratio (DPR) is 42.11%.
St. Joe Profile
(
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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