Millennium Management LLC Boosts Holdings in The St. Joe Company (NYSE:JOE)

Millennium Management LLC grew its position in shares of The St. Joe Company (NYSE:JOE - Free Report) by 2,785.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,917 shares of the financial services provider's stock after acquiring 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 filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in JOE. Smartleaf Asset Management LLC raised its holdings in shares of St. Joe by 277.4% in the 4th 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. Lazard Asset Management LLC bought a new stake in shares of St. Joe during the 4th quarter valued at about $38,000. Campbell Capital Management Inc. bought a new position in shares of St. Joe in the 4th quarter worth $67,000. KBC Group NV raised 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 valued at $93,000 after purchasing an additional 576 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of St. Joe during the fourth quarter valued at about $210,000. 86.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the sale, the insider now directly owns 17,162,524 shares of the company's stock, valued at $808,526,505.64. This represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 300,000 shares of company stock worth $14,113,022 over the last quarter. 0.32% of the stock is currently owned by corporate insiders.

St. Joe Trading Up 0.2%

Shares of St. Joe stock traded up $0.08 during trading on Friday, reaching $44.73. 21,331 shares of the stock were exchanged, compared to its average volume of 221,568. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 37.90 and a beta of 1.37. The St. Joe Company has a 1 year low of $40.19 and a 1 year high of $64.69. The stock's fifty day moving average is $43.95 and its 200 day moving average is $46.15. 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 for the quarter. The business 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio is presently 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.