Cubist Systematic Strategies LLC Buys 33,700 Shares of The St. Joe Company (NYSE:JOE)

Cubist Systematic Strategies LLC grew its position in The St. Joe Company (NYSE:JOE - Free Report) by 126.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,317 shares of the financial services provider's stock after purchasing an additional 33,700 shares during the period. Cubist Systematic Strategies LLC owned about 0.10% of St. Joe worth $2,710,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JOE. Vanguard Group Inc. raised its holdings in shares of St. Joe by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock worth $278,449,000 after acquiring an additional 252,906 shares during the period. Berkley W R Corp acquired a new stake in shares of St. Joe during the fourth quarter worth $9,415,000. Norges Bank acquired a new stake in shares of St. Joe during the fourth quarter worth $4,981,000. Raymond James Financial Inc. acquired a new stake in shares of St. Joe during the fourth quarter worth $4,657,000. Finally, Marshall Wace LLP acquired a new stake in St. Joe in the 4th quarter valued at $2,628,000. 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 95,700 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the transaction, the insider now directly owns 17,162,524 shares in the company, valued at $808,526,505.64. The trade was a 0.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 300,000 shares of company stock worth $14,113,022 in the last ninety days. Insiders own 0.32% of the company's stock.

St. Joe Stock Up 0.8%

JOE stock traded up $0.36 during midday trading on Friday, hitting $46.66. The company's stock had a trading volume of 116,041 shares, compared to its average volume of 220,934. 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 St. Joe Company has a twelve month low of $40.19 and a twelve month high of $64.69. The company's fifty day moving average price is $44.24 and its 200 day moving average price is $46.70. The stock has a market capitalization of $2.72 billion, a P/E ratio of 39.54 and a beta of 1.37.

St. Joe (NYSE:JOE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. The company had revenue of $94.20 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Dividend Announcement

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 paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.20%. St. Joe's dividend payout ratio is presently 42.11%.

About St. Joe

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.