Janney Montgomery Scott LLC Takes Position in St. Joe Company (The) (NYSE:JOE)

Janney Montgomery Scott LLC acquired a new position in St. Joe Company (The) (NYSE:JOE - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,608 shares of the financial services provider's stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JOE. Arete Wealth Advisors LLC boosted its stake in 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 purchasing an additional 243 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in St. Joe by 277.4% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in St. Joe by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,508 shares of the financial services provider's stock valued at $921,000 after purchasing an additional 782 shares in the last quarter. Lazard Asset Management LLC bought a new position in St. Joe during the 4th quarter valued at $38,000. Finally, Bank of Montreal Can boosted its stake in St. Joe by 9.9% during the 4th quarter. Bank of Montreal Can now owns 12,879 shares of the financial services provider's stock valued at $579,000 after purchasing an additional 1,165 shares in the last quarter. 86.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered St. Joe from a "buy" rating to a "hold" rating in a research note on Sunday, June 8th.

St. Joe Price Performance

NYSE JOE traded up $1.01 on Tuesday, reaching $49.28. 338,010 shares of the stock traded hands, compared to its average volume of 235,988. The firm's fifty day simple moving average is $45.94 and its 200 day simple moving average is $45.78. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.83. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 37.05 and a beta of 1.36. St. Joe Company has a 12 month low of $40.19 and a 12 month high of $64.69.

St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $94.20 million during the quarter.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.14%. St. Joe's dividend payout ratio (DPR) is presently 42.11%.

About St. Joe

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.