American Century Companies Inc. Has $967,000 Stock Holdings in St. Joe Company (The) $JOE

Key Points

• American Century Companies Inc. increased its holdings in St. Joe Company by 234.7%, now owning 20,595 shares worth approximately $967,000.
• St. Joe recently announced a quarterly dividend of $0.14 per share, representing a 1.1% dividend yield.
• Analysts have downgraded St. Joe from a "buy" to a "hold" rating as of June 8th, indicating a cautious outlook for the stock.

American Century Companies Inc. boosted its stake in shares of St. Joe Company (The) (NYSE:JOE - Free Report) by 234.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,595 shares of the financial services provider's stock after acquiring an additional 14,442 shares during the period. American Century Companies Inc.'s holdings in St. Joe were worth $967,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in St. Joe during the 4th quarter valued at about $38,000. CWM LLC raised its position in shares of St. Joe by 472.4% in the first quarter. CWM LLC now owns 3,709 shares of the financial services provider's stock valued at $174,000 after buying an additional 3,061 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of St. Joe in the first quarter valued at about $222,000. Bridgefront Capital LLC purchased a new position in shares of St. Joe in the fourth quarter valued at approximately $225,000. Finally, Corton Capital Inc. purchased a new position in St. Joe in the fourth quarter worth approximately $227,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.44, for a total value of $8,616,200.00. Following the sale, the insider directly owned 16,634,024 shares in the company, valued at $855,654,194.56. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 511,900 shares of company stock valued at $26,022,717 in the last three months. Corporate insiders own 0.32% of the company's stock.

Analyst Ratings Changes

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

St. Joe Stock Performance

St. Joe stock traded down $1.63 during mid-day trading on Tuesday, reaching $51.01. The company's stock had a trading volume of 24,747 shares, compared to its average volume of 250,016. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 35.96 and a beta of 1.35. The business has a 50 day moving average price of $50.34 and a 200-day moving average price of $46.95. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $62.49.

St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. The business 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. St. Joe's payout ratio is 39.44%.

St. Joe 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.