Cornerstone Wealth Management LLC purchased a new position in St. Joe Company (The) (NYSE:JOE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,000 shares of the financial services provider's stock, valued at approximately $470,000.
A number of other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 430 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of St. Joe during the 4th quarter valued at approximately $38,000. Campbell Capital Management Inc. purchased a new stake in shares of St. Joe during the 4th quarter valued at approximately $67,000. XTX Topco Ltd purchased a new stake in shares of St. Joe during the 4th quarter valued at approximately $210,000. Finally, Legacy Capital Group California Inc. lifted its stake in shares of St. Joe by 12.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock valued at $220,000 after buying an additional 540 shares in the last quarter. Institutional investors own 86.67% of the company's stock.
St. Joe Price Performance
NYSE JOE traded down $0.01 during trading hours on Friday, hitting $46.84. The company had a trading volume of 413,230 shares, compared to its average volume of 231,358. St. Joe Company has a 52 week low of $40.19 and a 52 week high of $64.69. The firm has a 50 day simple moving average of $44.43 and a 200 day simple moving average of $45.65. 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 firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 35.22 and a beta of 1.36.
St. Joe (NYSE:JOE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. St. Joe had a return on equity of 10.62% and a net margin of 18.99%. The business had revenue of $94.20 million during the quarter.
St. Joe Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 annualized dividend and a yield of 1.20%. St. Joe's dividend payout ratio is currently 42.11%.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of St. Joe from a "buy" rating to a "hold" rating in a research note on Sunday, June 8th.
Get Our Latest Analysis on St. Joe
About St. Joe
(
Free Report)
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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