The St. Joe Company (NYSE:JOE) Stake Lifted by Millennium Management LLC

Millennium Management LLC raised its holdings in The St. Joe Company (NYSE:JOE - Free Report) by 2,785.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 209,917 shares of the financial services provider's stock after purchasing an additional 202,642 shares during the period. Millennium Management LLC owned about 0.36% of St. Joe worth $9,432,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position 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 valued at $26,000 after purchasing an additional 430 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of St. Joe in the 4th quarter valued at approximately $38,000. Campbell Capital Management Inc. acquired a new position in shares of St. Joe in the 4th quarter valued at approximately $67,000. KBC Group NV raised its position in shares of St. Joe by 38.8% in the 4th 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 stake in shares of St. Joe in the 4th quarter valued at approximately $210,000. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Stock Performance

Shares of NYSE JOE traded down $0.30 during trading on Wednesday, reaching $43.85. The stock had a trading volume of 185,557 shares, compared to its average volume of 221,918. The 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 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $2.55 billion, a PE ratio of 37.16 and a beta of 1.37. The firm's 50 day moving average price is $44.04 and its two-hundred day moving average price is $46.22.

St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The business had revenue of $94.20 million during the quarter.

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.28%. St. Joe's dividend payout ratio (DPR) is 42.11%.

Insider Activity

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

About St. Joe

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.