Cutter & CO Brokerage Inc. Purchases Shares of 50,673 St. Joe Company (The) (NYSE:JOE)

Cutter & CO Brokerage Inc. purchased a new position in shares of St. Joe Company (The) (NYSE:JOE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,673 shares of the financial services provider's stock, valued at approximately $2,379,000. Cutter & CO Brokerage Inc. owned approximately 0.09% of St. Joe as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in St. Joe during the first quarter worth $263,000. SG Americas Securities LLC purchased a new position in St. Joe during the first quarter worth $475,000. Lazard Asset Management LLC purchased a new position in St. Joe during the fourth quarter worth $38,000. Millennium Management LLC increased its position in St. Joe by 2,785.5% during the fourth quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider's stock worth $9,432,000 after buying an additional 202,642 shares in the last quarter. Finally, Swiss National Bank increased its position in St. Joe by 17.5% during the fourth quarter. Swiss National Bank now owns 80,400 shares of the financial services provider's stock worth $3,612,000 after buying an additional 12,000 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded St. Joe from a "buy" rating to a "hold" rating in a research report on Sunday, June 8th.

St. Joe Trading Down 0.5%

Shares of NYSE:JOE traded down $0.28 during midday trading on Thursday, reaching $49.98. The company's stock had a trading volume of 229,537 shares, compared to its average volume of 238,329. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 37.58 and a beta of 1.36. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.83. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $64.69. The business has a 50 day moving average price of $46.95 and a 200 day moving average price of $46.05.

St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. The business had revenue of $94.20 million during the quarter. St. Joe had a return on equity of 10.62% and a net margin of 18.99%.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Tuesday, June 10th. St. Joe's dividend payout ratio is currently 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.