Charles Schwab Investment Management Inc. Raises Stake in St. Joe Company (The) $JOE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in St. Joe Company by 1.8%, now owning 0.64% of the company valued at approximately $17.42 million.
• St. Joe recently reported $0.51 earnings per share and a revenue of $129.1 million for the latest quarter, with a net margin of 19.39%.
• The company declared a quarterly dividend of $0.14 per share, resulting in a 1.1% dividend yield and a payout ratio of 39.44%.

Charles Schwab Investment Management Inc. increased its holdings in shares of St. Joe Company (The) (NYSE:JOE - Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 371,097 shares of the financial services provider's stock after purchasing an additional 6,538 shares during the period. Charles Schwab Investment Management Inc. owned 0.64% of St. Joe worth $17,423,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC acquired a new stake in shares of St. Joe in the 1st quarter worth $263,000. SG Americas Securities LLC acquired a new stake in shares of St. Joe in the 1st quarter worth $475,000. Lazard Asset Management LLC purchased a new position in shares of St. Joe in the 4th quarter valued at about $38,000. Millennium Management LLC increased its holdings in shares of St. Joe by 2,785.5% in the 4th quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider's stock valued at $9,432,000 after purchasing an additional 202,642 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of St. Joe by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,508 shares of the financial services provider's stock valued at $921,000 after purchasing an additional 782 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.

St. Joe Price Performance

NYSE:JOE traded down $0.05 during mid-day trading on Thursday, hitting $50.72. 176,352 shares of the company's stock traded hands, compared to its average volume of 231,447. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. The firm's 50 day simple moving average is $49.98 and its 200 day simple moving average is $46.80. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $62.49. The company has a market cap of $2.94 billion, a PE ratio of 35.72 and a beta of 1.37.

St. Joe (NYSE:JOE - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%. The firm had revenue of $129.10 million during the quarter.

St. Joe Dividend Announcement

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

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.44, for a total transaction of $8,616,200.00. Following the completion of the transaction, the insider directly owned 16,634,024 shares in the company, valued at approximately $855,654,194.56. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 486,600 shares of company stock worth $24,732,417. Company insiders own 0.32% of the company's stock.

Analyst Upgrades and Downgrades

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

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.