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

Point72 Asset Management L.P. acquired a new stake in The St. Joe Company (NYSE:JOE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,821 shares of the financial services provider's stock, valued at approximately $396,000.

Several other large investors have also made changes to their positions in the business. ProShare Advisors LLC lifted its position in shares of St. Joe by 44.2% in the fourth quarter. ProShare Advisors LLC now owns 10,904 shares of the financial services provider's stock valued at $490,000 after acquiring an additional 3,343 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of St. Joe by 21.1% in the fourth quarter. Nuveen Asset Management LLC now owns 155,680 shares of the financial services provider's stock valued at $6,995,000 after acquiring an additional 27,174 shares in the last quarter. Millennium Management LLC lifted its position in shares of St. Joe by 2,785.5% in the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of St. Joe by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,508 shares of the financial services provider's stock valued at $921,000 after acquiring an additional 782 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of St. Joe in the fourth quarter valued at about $38,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 sale, the insider now directly owns 16,940,624 shares in the company, valued at approximately $796,378,734.24. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 300,000 shares of company stock worth $14,113,022. Corporate insiders own 0.32% of the company's stock.

St. Joe Price Performance

Shares of St. Joe stock traded down $0.21 during trading hours on Wednesday, hitting $43.94. The company's stock had a trading volume of 125,809 shares, compared to its average volume of 247,062. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $2.56 billion, a PE ratio of 37.24 and a beta of 1.37. The St. Joe Company has a 12-month low of $40.19 and a 12-month high of $64.69. The business has a 50 day moving average price of $44.04 and a two-hundred day moving average price of $46.22.

St. Joe (NYSE:JOE - Get Free Report) last posted 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 Dividend Announcement

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

St. Joe Company 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.