180 Wealth Advisors LLC Buys New Shares in The St. Joe Company (NYSE:JOE)

180 Wealth Advisors LLC purchased a new position in shares of The St. Joe Company (NYSE:JOE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,431 shares of the financial services provider's stock, valued at approximately $302,000.

A number of other hedge funds have also recently added to or reduced their stakes in JOE. Vanguard Group Inc. boosted its position in shares of St. Joe by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock worth $278,449,000 after purchasing an additional 252,906 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of St. Joe by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider's stock valued at $40,746,000 after purchasing an additional 8,031 shares during the period. Horizon Kinetics Asset Management LLC boosted its holdings in St. Joe by 7.7% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider's stock worth $25,350,000 after buying an additional 40,354 shares in the last quarter. Northern Trust Corp grew its position in St. Joe by 7.4% during the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider's stock worth $19,512,000 after buying an additional 29,918 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in St. Joe by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider's stock valued at $16,380,000 after buying an additional 6,904 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the sale, the insider now directly owns 17,162,524 shares in the company, valued at $808,526,505.64. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 258,900 shares of company stock worth $12,178,856. 0.32% of the stock is owned by corporate insiders.

St. Joe Price Performance

JOE stock traded up $0.24 during midday trading on Wednesday, hitting $45.05. 143,621 shares of the stock were exchanged, compared to its average volume of 223,911. The stock's 50-day moving average price is $43.82 and its 200-day moving average price is $46.01. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 38.18 and a beta of 1.37. The St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $64.69.

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

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 annualized dividend and a yield of 1.24%. St. Joe's dividend payout ratio (DPR) is currently 42.11%.

Analyst Ratings Changes

Separately, Wall Street Zen raised St. Joe from a "hold" rating to a "buy" rating in a research note on Saturday.

St. Joe Company Profile

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.