Bank of America Corp DE Raises Holdings in The St. Joe Company (NYSE:JOE)

Bank of America Corp DE lifted its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,541 shares of the financial services provider's stock after buying an additional 34,382 shares during the quarter. Bank of America Corp DE owned approximately 0.31% of St. Joe worth $8,112,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Barclays PLC increased its stake in St. Joe by 404.5% during 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 in the last quarter. KBC Group NV grew its position in shares of St. Joe by 38.8% in the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 576 shares in the last quarter. Accordant Advisory Group Inc grew its position in shares of St. Joe by 80.8% in the fourth quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider's stock valued at $2,347,000 after purchasing an additional 23,333 shares in the last quarter. RMR Capital Management LLC grew its position in shares of St. Joe by 7.5% in the fourth quarter. RMR Capital Management LLC now owns 43,584 shares of the financial services provider's stock valued at $1,958,000 after purchasing an additional 3,058 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in shares of St. Joe by 308.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 22,900 shares of the financial services provider's stock valued at $1,029,000 after purchasing an additional 17,300 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Price Performance

Shares of JOE stock traded up $0.89 during trading hours on Thursday, reaching $44.74. The company had a trading volume of 96,119 shares, compared to its average volume of 221,631. 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 $2.60 billion, a price-to-earnings ratio of 37.89 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio is presently 42.11%.

Insider Activity at St. Joe

In related 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 transaction, the insider now directly owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 300,000 shares of company stock worth $14,113,022. Insiders own 0.32% of the company's stock.

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.