Brown Advisory Inc. Purchases New Holdings in St. Joe Company (The) (NYSE:JOE)

Brown Advisory Inc. bought a new stake in St. Joe Company (The) (NYSE:JOE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,167 shares of the financial services provider's stock, valued at approximately $243,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in St. Joe by 37.6% in the first quarter. Envestnet Asset Management Inc. now owns 18,615 shares of the financial services provider's stock valued at $874,000 after purchasing an additional 5,087 shares during the last quarter. Viewpoint Capital Management LLC boosted its holdings in St. Joe by 7.3% in the first quarter. Viewpoint Capital Management LLC now owns 7,384 shares of the financial services provider's stock valued at $347,000 after purchasing an additional 500 shares during the last quarter. Mills Wealth Advisors LLC purchased a new stake in St. Joe in the first quarter valued at $2,977,000. Principal Financial Group Inc. boosted its holdings in St. Joe by 2.3% in the first quarter. Principal Financial Group Inc. now owns 189,390 shares of the financial services provider's stock valued at $8,892,000 after purchasing an additional 4,324 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in St. Joe in the first quarter valued at $281,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

St. Joe Price Performance

Shares of JOE stock traded down $0.28 during mid-day trading on Thursday, hitting $49.98. 229,537 shares of the stock were exchanged, compared to its average volume of 238,329. The firm has a fifty day moving average of $46.84 and a 200 day moving average of $46.01. 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 52-week low of $40.19 and a 52-week high of $64.69. The company has a market cap of $2.91 billion, a PE ratio of 37.58 and a beta of 1.36.

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

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Tuesday, June 10th. St. Joe's payout ratio is currently 42.11%.

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.