Horizon Investments LLC Makes New Investment in St. Joe Company (The) $JOE

Key Points

• Horizon Investments LLC initiated a new stake in St. Joe, buying 27,845 shares in Q4 valued at about $1.65 million, while overall institutional ownership stands at roughly 86.67%.
• St. Joe (JOE) trades in the mid‑$60s (opened $65.06), has a market cap of about $3.74 billion and a P/E of 33.5; the company reported $0.24 EPS on $99.04 million revenue last quarter with a 21.6% net margin and healthy liquidity (current and quick ratios 2.36).
• The company declared a quarterly dividend of $0.16 per share (annualized $0.64, ~1.0% yield, ex‑dividend June 9), while insiders have sold shares (Bruce R. Berkowitz sold 21,100 shares) and analyst sentiment is mixed—one recent downgrade to Hold but a consensus rating of Buy.

Horizon Investments LLC bought a new position in St. Joe Company (The) (NYSE:JOE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 27,845 shares of the financial services provider's stock, valued at approximately $1,653,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in St. Joe by 3.1% in the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider's stock worth $294,866,000 after buying an additional 179,877 shares during the last quarter. State Street Corp raised its holdings in St. Joe by 0.7% in the second quarter. State Street Corp now owns 1,396,004 shares of the financial services provider's stock worth $66,589,000 after buying an additional 9,301 shares during the last quarter. Victory Capital Management Inc. raised its holdings in St. Joe by 54.7% in the third quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider's stock worth $20,160,000 after buying an additional 144,121 shares during the last quarter. Diversified Investment Strategies LLC raised its holdings in St. Joe by 1.3% in the third quarter. Diversified Investment Strategies LLC now owns 279,850 shares of the financial services provider's stock worth $13,847,000 after buying an additional 3,603 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in St. Joe by 1.0% in the third quarter. Bank of America Corp DE now owns 214,022 shares of the financial services provider's stock worth $10,590,000 after buying an additional 2,096 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Stock Down 0.2%

JOE opened at $65.06 on Wednesday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average price of $67.72 and a 200-day moving average price of $63.39. St. Joe Company has a twelve month low of $42.65 and a twelve month high of $73.54. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 33.54 and a beta of 1.31.

St. Joe (NYSE:JOE - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%. The firm had revenue of $99.04 million during the quarter.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 9th. St. Joe's dividend payout ratio is currently 32.99%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of St. Joe from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy".

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 21,100 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $72.22, for a total transaction of $1,523,842.00. Following the completion of the sale, the insider directly owned 16,073,624 shares of the company's stock, valued at approximately $1,160,837,125.28. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 77,500 shares of company stock worth $5,588,638 over the last three months. 0.35% of the stock is currently owned by corporate insiders.

St. Joe Company Profile

The St. Joe Company NYSE: JOE is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe's core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.

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