Envestnet Asset Management Inc. Purchases 5,087 Shares of St. Joe Company (The) (NYSE:JOE)

Envestnet Asset Management Inc. boosted its position in St. Joe Company (The) (NYSE:JOE - Free Report) by 37.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 18,615 shares of the financial services provider's stock after acquiring an additional 5,087 shares during the period. Envestnet Asset Management Inc.'s holdings in St. Joe were worth $874,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in shares of St. Joe during the fourth quarter valued at approximately $38,000. XTX Topco Ltd bought a new stake in St. Joe in the 4th quarter worth about $210,000. Polymer Capital Management US LLC purchased a new position in St. Joe in the fourth quarter worth about $223,000. Bridgefront Capital LLC bought a new position in shares of St. Joe during the 4th quarter valued at approximately $225,000. Finally, Arete Wealth Advisors LLC grew its stake in shares of St. Joe by 5.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider's stock valued at $226,000 after acquiring an additional 243 shares during the period. 86.67% of the stock is currently owned by institutional investors.

St. Joe Price Performance

Shares of JOE traded up $0.70 during mid-day trading on Tuesday, hitting $51.03. 217,544 shares of the stock were exchanged, compared to its average volume of 242,883. The company has a market cap of $2.96 billion, a PE ratio of 35.94 and a beta of 1.37. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $62.49. The firm has a 50-day moving average of $48.30 and a two-hundred day moving average of $46.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45.

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

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors 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 is presently 39.44%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded St. Joe from a "buy" rating to a "hold" rating in a research note 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.