Bank of New York Mellon Corp Sells 10,859 Shares of St. Joe Company (The) (NYSE:JOE)

Bank of New York Mellon Corp lowered its position in St. Joe Company (The) (NYSE:JOE - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 337,070 shares of the financial services provider's stock after selling 10,859 shares during the period. Bank of New York Mellon Corp owned 0.58% of St. Joe worth $15,825,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of St. Joe in the fourth quarter worth approximately $589,000. Raymond James Financial Inc. purchased a new stake in shares of St. Joe in the fourth quarter worth approximately $4,657,000. Swiss National Bank raised its stake in shares of St. Joe by 17.5% in the fourth quarter. Swiss National Bank now owns 80,400 shares of the financial services provider's stock worth $3,612,000 after purchasing an additional 12,000 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of St. Joe in the fourth quarter worth approximately $323,000. Finally, Quantbot Technologies LP raised its stake in shares of St. Joe by 757.9% in the fourth quarter. Quantbot Technologies LP now owns 33,492 shares of the financial services provider's stock worth $1,505,000 after purchasing an additional 29,588 shares during the last quarter. Institutional investors own 86.67% of the company's stock.

St. Joe Price Performance

Shares of NYSE JOE opened at $49.44 on Friday. The stock has a market cap of $2.88 billion, a PE ratio of 37.17 and a beta of 1.36. St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $64.69. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a fifty day moving average of $47.05 and a 200-day moving average of $46.09.

St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The company 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.13%. The ex-dividend date was Tuesday, June 10th. St. Joe's dividend payout ratio (DPR) is currently 42.11%.

Analyst Ratings Changes

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

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.

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