Point72 Asset Management L.P. Buys Shares of 8,821 The St. Joe Company (NYSE:JOE)

Point72 Asset Management L.P. bought a new position in The St. Joe Company (NYSE:JOE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,821 shares of the financial services provider's stock, valued at approximately $396,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accordant Advisory Group Inc increased its holdings in St. Joe by 80.8% in the 4th quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider's stock worth $2,347,000 after purchasing an additional 23,333 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of St. Joe by 108.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider's stock valued at $508,000 after buying an additional 5,875 shares during the last quarter. Swiss National Bank grew its position in shares of St. Joe by 17.5% in the 4th quarter. Swiss National Bank now owns 80,400 shares of the financial services provider's stock valued at $3,612,000 after buying an additional 12,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of St. Joe by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after buying an additional 252,906 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of 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 buying an additional 202,642 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.

St. Joe Trading Up 2.1%

Shares of NYSE JOE traded up $0.92 during trading on Tuesday, reaching $44.17. The company had a trading volume of 198,853 shares, compared to its average volume of 221,653. The company's fifty day moving average price is $44.09 and its 200-day moving average price is $46.24. The St. Joe Company has a 12 month low of $40.19 and a 12 month high of $64.69. The stock has a market cap of $2.57 billion, a P/E ratio of 37.43 and a beta of 1.37. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe (NYSE:JOE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. The company had revenue of $94.20 million for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio is currently 42.11%.

Insider Transactions at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the completion of the sale, the insider now 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 SEC, which is accessible through this link. Insiders sold 300,000 shares of company stock valued at $14,113,022 over the last three months. Company insiders own 0.32% of the company's stock.

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.