Cornerstone Wealth Management LLC acquired a new position in shares of St. Joe Company (The) (NYSE:JOE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the financial services provider's stock, valued at approximately $470,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of St. Joe in the 4th quarter valued at $38,000. Campbell Capital Management Inc. acquired a new stake in shares of St. Joe in the 4th quarter valued at $67,000. XTX Topco Ltd acquired a new stake in shares of St. Joe in the 4th quarter valued at $210,000. Finally, Legacy Capital Group California Inc. boosted its holdings in shares of St. Joe by 12.4% in 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 purchasing an additional 540 shares in the last quarter. Institutional investors own 86.67% of the company's stock.
St. Joe Price Performance
Shares of NYSE JOE traded up $0.51 during mid-day trading on Monday, hitting $47.33. 282,487 shares of the stock traded hands, compared to its average volume of 230,950. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.52 and a quick ratio of 1.52. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $64.69. The company has a market cap of $2.76 billion, a PE ratio of 35.59 and a beta of 1.36. The firm has a 50 day simple moving average of $44.52 and a two-hundred day simple moving average of $45.60.
St. Joe (NYSE:JOE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. St. Joe had a return on equity of 10.62% and a net margin of 18.99%. The company had revenue of $94.20 million for the quarter.
St. Joe Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio (DPR) is 42.11%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded St. Joe from a "buy" rating to a "hold" rating in a report on Sunday, June 8th.
View Our Latest Stock Analysis on JOE
St. Joe Profile
(
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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