Victory Capital Management Inc. Has $1.10 Million Stock Holdings in St. Joe Company (The) (NYSE:JOE)

Victory Capital Management Inc. trimmed its position in shares of St. Joe Company (The) (NYSE:JOE - Free Report) by 40.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,340 shares of the financial services provider's stock after selling 15,546 shares during the period. Victory Capital Management Inc.'s holdings in St. Joe were worth $1,096,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in JOE. Lazard Asset Management LLC acquired a new position in shares of St. Joe in the 4th quarter worth approximately $38,000. CWM LLC lifted its holdings in shares of St. Joe by 472.4% during the first quarter. CWM LLC now owns 3,709 shares of the financial services provider's stock valued at $174,000 after acquiring an additional 3,061 shares during the period. XTX Topco Ltd bought a new position in shares of St. Joe during the fourth quarter valued at $210,000. Polymer Capital Management US LLC acquired a new stake in shares of St. Joe in the 4th quarter valued at $223,000. Finally, Bridgefront Capital LLC bought a new stake in shares of St. Joe in the 4th quarter worth about $225,000. Institutional investors and hedge funds own 86.67% of the company's stock.

St. Joe Price Performance

Shares of JOE traded down $0.66 on Friday, hitting $49.84. The company's stock had a trading volume of 219,426 shares, compared to its average volume of 233,743. The company has a 50 day moving average price of $48.16 and a 200 day moving average price of $46.48. St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $62.49. The company has a market capitalization of $2.89 billion, a PE ratio of 35.10 and a beta of 1.37. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.45 and a quick ratio of 1.45.

St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.51 EPS for the quarter. St. Joe had a return on equity of 11.19% and a net margin of 19.39%. The company had revenue of $129.10 million for the quarter.

St. Joe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, August 22nd. St. Joe's dividend payout ratio is presently 39.44%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of St. Joe from a "buy" rating to a "hold" rating in a report on Sunday, June 8th.

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.