188,359 Shares in St. Joe Company (The) $JOE Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 188,359 shares of St. Joe during the second quarter, worth approximately $11.8 million and representing about 0.33% of the company.
• Institutional investors and hedge funds own 86.67% of St. Joe, with several other firms also establishing new positions during the quarter.
• St. Joe reported quarterly EPS of $0.71 on $158.86 million in revenue and continues to pay a $0.16 quarterly dividend, equivalent to a 1.0% annualized yield.

Bank of America Corp DE bought a new stake in St. Joe Company (The) (NYSE:JOE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 188,359 shares of the financial services provider's stock, valued at approximately $11,797,000. Bank of America Corp DE owned about 0.33% of St. Joe at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Berkley W R Corp acquired a new position in St. Joe during the 2nd quarter worth approximately $13,124,000. Freestone Grove Partners LP acquired a new stake in St. Joe during the 2nd quarter valued at approximately $266,000. Jupiter Topco LLC purchased a new stake in St. Joe during the 2nd quarter worth approximately $1,140,000. Canada Pension Plan Investment Board acquired a new position in shares of St. Joe in the 2nd quarter valued at approximately $858,000. Finally, Legal & General Group Plc acquired a new position in shares of St. Joe in the 2nd quarter valued at approximately $7,237,000. 86.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of St. Joe from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, St. Joe has a consensus rating of "Buy".

St. Joe Trading Up 0.9%

NYSE:JOE opened at $65.44 on Friday. The company has a market cap of $3.73 billion, a PE ratio of 30.58 and a beta of 1.29. The business's 50 day moving average is $65.52 and its two-hundred day moving average is $65.26. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.71. St. Joe Company has a 52 week low of $46.37 and a 52 week high of $73.54.

St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.The firm had revenue of $158.86 million for the quarter.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 21st were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. St. Joe's dividend payout ratio (DPR) is currently 29.91%.

St. Joe Profile

The St. Joe Company NYSE: JOE is a real estate development, asset management and operating company focused primarily on Northwest Florida. The company develops residential communities, commercial properties, resorts and other lifestyle-oriented destinations, with activities concentrated in Bay, Gulf, Walton and surrounding counties.

St. Joe's residential development business includes master-planned communities and housing-related projects such as Watersound Origins and other Watersound-branded developments.

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