Accordant Advisory Group Inc Has $3.54 Million Position in The St. Joe Company (NYSE:JOE)

Accordant Advisory Group Inc increased its holdings in The St. Joe Company (NYSE:JOE - Free Report) by 44.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,331 shares of the financial services provider's stock after purchasing an additional 23,104 shares during the period. St. Joe makes up 3.5% of Accordant Advisory Group Inc's investment portfolio, making the stock its 11th biggest holding. Accordant Advisory Group Inc owned 0.13% of St. Joe worth $3,537,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of JOE. Vanguard Group Inc. boosted its holdings in St. Joe by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after acquiring an additional 252,906 shares during the period. Geode Capital Management LLC boosted its holdings in St. Joe by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider's stock valued at $40,746,000 after acquiring an additional 8,031 shares during the period. Horizon Kinetics Asset Management LLC boosted its holdings in St. Joe by 7.7% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider's stock valued at $25,350,000 after acquiring an additional 40,354 shares during the period. Northern Trust Corp boosted its holdings in St. Joe by 7.4% during the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider's stock valued at $19,512,000 after acquiring an additional 29,918 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider's stock valued at $16,380,000 after acquiring an additional 6,904 shares during the period. 86.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of St. Joe from a "buy" rating to a "hold" rating in a report on Sunday.

St. Joe Stock Performance

Shares of JOE traded down $0.29 during trading hours on Thursday, reaching $46.81. 237,800 shares of the company traded hands, compared to its average volume of 228,507. The stock's fifty day moving average is $43.82 and its 200 day moving average is $45.87. The stock has a market cap of $2.73 billion, a P/E ratio of 39.67 and a beta of 1.36. 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 St. Joe Company has a 1-year low of $40.19 and a 1-year 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 firm had revenue of $94.20 million during the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Tuesday, June 10th. St. Joe's payout ratio is 42.11%.

Insider Transactions at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $47.00, for a total transaction of $7,534,100.00. Following the completion of the sale, the insider now owns 17,000,724 shares of the company's stock, valued at approximately $799,034,028. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 38.80% of the company's stock.

St. Joe 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.