Point72 Asset Management L.P. acquired a new position in The St. Joe Company (NYSE:JOE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,821 shares of the financial services provider's stock, valued at approximately $396,000.
Several other institutional investors also recently bought and sold shares of JOE. Barclays PLC boosted its holdings in St. Joe by 404.5% in the 3rd quarter. Barclays PLC now owns 64,990 shares of the financial services provider's stock worth $3,790,000 after buying an additional 52,107 shares during the last quarter. Inspire Investing LLC boosted its holdings in St. Joe by 45.1% in the 4th quarter. Inspire Investing LLC now owns 10,212 shares of the financial services provider's stock worth $459,000 after buying an additional 3,176 shares during the last quarter. KBC Group NV boosted its holdings in St. Joe by 38.8% in the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock worth $93,000 after buying an additional 576 shares during the last quarter. Accordant Advisory Group Inc boosted 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 buying an additional 23,333 shares during the last quarter. Finally, RMR Capital Management LLC boosted its holdings in shares of St. Joe by 7.5% during the 4th quarter. RMR Capital Management LLC now owns 43,584 shares of the financial services provider's stock worth $1,958,000 after purchasing an additional 3,058 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $47.11, for a total value of $4,508,427.00. Following the completion of the sale, the insider now directly owns 17,162,524 shares in the company, valued at $808,526,505.64. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 300,000 shares of company stock worth $14,113,022 over the last ninety days. Corporate insiders own 0.32% of the company's stock.
St. Joe Price Performance
Shares of JOE stock traded up $0.26 during trading hours on Thursday, reaching $44.11. The company had a trading volume of 32,537 shares, compared to its average volume of 221,377. 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 stock has a fifty day moving average of $44.00 and a 200-day moving average of $46.21. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 37.43 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.
St. Joe (NYSE:JOE - Get Free Report) last posted 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 return on equity of 9.58% and a net margin of 17.76%.
St. Joe Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be given a $0.14 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 42.11%.
St. Joe Profile
(
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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