The St. Joe Company (NYSE:JOE) Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC cut its position in shares of The St. Joe Company (NYSE:JOE - Free Report) by 13.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,748 shares of the financial services provider's stock after selling 5,908 shares during the quarter. Annex Advisory Services LLC owned approximately 0.06% of St. Joe worth $1,725,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JOE. Smartleaf Asset Management LLC boosted its position in shares of St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after acquiring an additional 430 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of St. Joe in the 4th quarter valued at $38,000. Campbell Capital Management Inc. purchased a new stake in shares of St. Joe during the 4th quarter valued at $67,000. KBC Group NV increased its holdings in shares of St. Joe by 38.8% during the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock worth $93,000 after buying an additional 576 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of St. Joe in the 4th quarter worth $210,000. Institutional investors and hedge funds own 86.67% of the company's stock.

Insider Buying and Selling at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $47.01, for a total transaction of $136,329.00. Following the completion of the sale, the insider now directly owns 16,940,624 shares of the company's stock, valued at approximately $796,378,734.24. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded St. Joe from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st.

St. Joe Trading Up 1.5%

NYSE JOE traded up $0.69 during mid-day trading on Friday, hitting $46.00. The company's stock had a trading volume of 224,799 shares, compared to its average volume of 225,874. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69. The stock's fifty day simple moving average is $43.75 and its two-hundred day simple moving average is $45.94. The firm has a market capitalization of $2.68 billion, a P/E ratio of 38.99 and a beta of 1.36.

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

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio is presently 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.