Intellus Advisors LLC bought a new position in St. Joe Company (The) (NYSE:JOE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 15,000 shares of the financial services provider's stock, valued at approximately $704,000.
Several other institutional investors and hedge funds have also bought and sold shares of JOE. Lazard Asset Management LLC purchased a new position in St. Joe in the 4th quarter worth $38,000. CWM LLC grew its holdings in St. Joe by 472.4% in the 1st quarter. CWM LLC now owns 3,709 shares of the financial services provider's stock worth $174,000 after acquiring an additional 3,061 shares during the last quarter. XTX Topco Ltd bought a new stake in St. Joe in the 4th quarter worth $210,000. Polymer Capital Management US LLC bought a new stake in St. Joe in the 4th quarter worth $223,000. Finally, Bridgefront Capital LLC bought a new stake in St. Joe in the 4th quarter worth $225,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of St. Joe from a "buy" rating to a "hold" rating in a report on Sunday, June 8th.
View Our Latest Analysis on JOE
St. Joe Trading Down 0.9%
Shares of JOE traded down $0.46 during trading hours on Monday, reaching $50.72. 223,474 shares of the company traded hands, compared to its average volume of 255,737. St. Joe Company has a 12 month low of $40.19 and a 12 month high of $63.71. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 35.72 and a beta of 1.36. The company's fifty day moving average price is $47.59 and its two-hundred day moving average price is $46.37. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.81.
St. Joe (NYSE:JOE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $129.10 million for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%.
St. Joe Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.10%. St. Joe's payout ratio is currently 39.44%.
St. Joe Company 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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