J. Safra Sarasin Holding AG Purchases Shares of 7,562 St. Joe Company (The) (NYSE:JOE)

Key Points

• J. Safra Sarasin Holding AG acquired a stake of 7,562 shares in St. Joe Company (NYSE: JOE), valued at approximately $355,000 in the first quarter.
• Significant increases in stakes were noted from other hedge funds, with Millennium Management LLC growing its position by 2,785.5% during the fourth quarter.
• The St. Joe Company announced a quarterly dividend of $0.14 payable on September 19th, representing an annual yield of 1.1%.

J. Safra Sarasin Holding AG bought a new stake in St. Joe Company (The) (NYSE:JOE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,562 shares of the financial services provider's stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in St. Joe in the fourth quarter worth $38,000. CWM LLC grew its stake in shares of St. Joe by 472.4% during the 1st quarter. CWM LLC now owns 3,709 shares of the financial services provider's stock worth $174,000 after purchasing an additional 3,061 shares during the period. XTX Topco Ltd purchased a new position in shares of St. Joe in the 4th quarter valued at about $210,000. Polymer Capital Management US LLC acquired a new stake in shares of St. Joe in the fourth quarter valued at about $223,000. Finally, Bridgefront Capital LLC acquired a new position in St. Joe during the fourth quarter worth about $225,000. Hedge funds and other institutional investors own 86.67% of the company's stock.

St. Joe Stock Performance

Shares of NYSE:JOE traded down $0.64 during trading on Wednesday, hitting $50.37. 151,535 shares of the company traded hands, compared to its average volume of 236,791. St. Joe Company has a one year low of $40.19 and a one year high of $62.49. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.81. The business's fifty day moving average is $48.44 and its 200-day moving average is $46.51. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 35.47 and a beta of 1.37.

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

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 22nd. St. Joe's dividend payout ratio is 39.44%.

Wall Street Analysts Forecast Growth

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.

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.