Nuveen Asset Management LLC boosted its position in shares of The St. Joe Company (NYSE:JOE - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,680 shares of the financial services provider's stock after buying an additional 27,174 shares during the period. Nuveen Asset Management LLC owned 0.27% of St. Joe worth $6,995,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Millennium Management LLC raised its holdings in St. Joe by 2,785.5% in the 4th quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider's stock valued at $9,432,000 after acquiring an additional 202,642 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in St. Joe by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,508 shares of the financial services provider's stock worth $921,000 after buying an additional 782 shares in the last quarter. Lazard Asset Management LLC purchased a new position in St. Joe during the fourth quarter worth approximately $38,000. Lagoda Investment Management L.P. boosted its stake in St. Joe by 41.8% during the fourth quarter. Lagoda Investment Management L.P. now owns 23,745 shares of the financial services provider's stock worth $1,067,000 after buying an additional 7,005 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in St. Joe by 51.0% in the 4th quarter. Janus Henderson Group PLC now owns 29,166 shares of the financial services provider's stock valued at $1,310,000 after buying an additional 9,847 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.
Insider Buying and Selling at St. Joe
In other news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $47.01, for a total value of $136,329.00. Following the sale, the insider now directly owns 16,940,624 shares of the company's stock, valued at approximately $796,378,734.24. The trade was a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 300,000 shares of company stock worth $14,113,022 over the last quarter. 0.32% of the stock is currently owned by company insiders.
St. Joe Trading Up 0.5%
JOE stock traded up $0.25 during trading on Tuesday, reaching $44.88. 157,115 shares of the stock were exchanged, compared to its average volume of 224,232. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $43.82 and a 200-day moving average price of $46.01. The St. Joe Company has a 1 year low of $40.19 and a 1 year high of $64.69. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 38.03 and a beta of 1.37.
St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $94.20 million during the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.
St. Joe Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 annualized dividend and a yield of 1.25%. St. Joe's dividend payout ratio (DPR) is 42.11%.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded St. Joe from a "hold" rating to a "buy" rating in a report on Saturday.
Check Out Our Latest Stock Report on St. Joe
About St. Joe
(
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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