Schwartz Investment Counsel Inc. Grows Stock Holdings in St. Joe Company (The) (NYSE:JOE)

Schwartz Investment Counsel Inc. raised its holdings in shares of St. Joe Company (The) (NYSE:JOE - Free Report) by 23.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 330,400 shares of the financial services provider's stock after buying an additional 62,000 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.57% of St. Joe worth $15,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arete Wealth Advisors LLC raised its position in St. Joe by 5.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider's stock worth $226,000 after purchasing an additional 243 shares during the period. Carmel Capital Partners LLC increased its stake in shares of St. Joe by 4.6% during the fourth quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider's stock valued at $383,000 after buying an additional 375 shares during the period. Smartleaf Asset Management LLC lifted its stake in St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after acquiring an additional 430 shares during the period. Lumbard & Kellner LLC lifted its stake in St. Joe by 4.7% in the first quarter. Lumbard & Kellner LLC now owns 14,557 shares of the financial services provider's stock worth $683,000 after acquiring an additional 653 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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. Hedge funds and other institutional investors own 86.67% of the company's stock.

Analysts Set New Price Targets

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

St. Joe Stock Up 0.0%

NYSE:JOE traded up $0.01 during mid-day trading on Friday, hitting $49.28. 611,921 shares of the company's stock were exchanged, compared to its average volume of 233,014. St. Joe Company has a one year low of $40.19 and a one year high of $64.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.52 and a quick ratio of 1.52. The business has a fifty day moving average price of $44.99 and a 200 day moving average price of $45.63. The company has a market cap of $2.87 billion, a PE ratio of 37.06 and a beta of 1.36.

St. Joe (NYSE:JOE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. St. Joe had a net margin of 18.99% and a return on equity of 10.62%. The business had revenue of $94.20 million during the quarter.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.14%. 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.