Millennium Management LLC Has $9.43 Million Position in The St. Joe Company (NYSE:JOE)

Millennium Management LLC lifted its position in The St. Joe Company (NYSE:JOE - Free Report) by 2,785.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,917 shares of the financial services provider's stock after buying an additional 202,642 shares during the quarter. Millennium Management LLC owned about 0.36% of St. Joe worth $9,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arete Wealth Advisors LLC grew its stake in shares of St. Joe by 5.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider's stock valued at $226,000 after buying an additional 243 shares in the last quarter. Carmel Capital Partners LLC grew its stake in shares of St. Joe by 4.6% in 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in St. Joe by 277.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after purchasing an additional 430 shares during the period. Legacy Capital Group California Inc. boosted its position in St. Joe by 12.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock worth $220,000 after purchasing an additional 540 shares during the period. Finally, KBC Group NV boosted its position in St. Joe by 38.8% during the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock worth $93,000 after purchasing an additional 576 shares during the period. 86.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the company's stock in a transaction dated 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 $799,034,028. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 300,000 shares of company stock valued at $14,113,022 over the last quarter. 0.32% of the stock is owned by company insiders.

St. Joe Stock Performance

Shares of St. Joe stock traded up $0.89 during trading on Thursday, reaching $44.74. The company's stock had a trading volume of 109,717 shares, compared to its average volume of 221,720. The business's 50-day moving average price is $44.00 and its 200-day moving average price is $46.21. The firm has a market cap of $2.60 billion, a PE ratio of 37.95 and a beta of 1.37. The St. Joe Company has a 52 week low of $40.19 and a 52 week high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe (NYSE:JOE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The company 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 Announces Dividend

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

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.