Wealth Enhancement Advisory Services LLC acquired a new stake in St. Joe Company (The) (NYSE:JOE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,059 shares of the financial services provider's stock, valued at approximately $547,000.
Other large investors have also modified their holdings of the company. MAI Capital Management boosted its holdings in shares of St. Joe by 120.8% in the first quarter. MAI Capital Management now owns 1,104 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 604 shares during the period. CWM LLC boosted its holdings in shares of St. Joe by 472.4% in 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. Entropy Technologies LP acquired a new stake in shares of St. Joe in the first quarter valued at approximately $222,000. Cresset Asset Management LLC acquired a new stake in shares of St. Joe in the first quarter valued at approximately $237,000. Finally, Byrne Asset Management LLC boosted its holdings in shares of St. Joe by 36.8% in the first quarter. Byrne Asset Management LLC now owns 5,122 shares of the financial services provider's stock valued at $240,000 after acquiring an additional 1,377 shares during the period. 86.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently weighed in on JOE shares. Wall Street Zen downgraded St. Joe from a "buy" rating to a "hold" rating in a report on Sunday, June 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of St. Joe in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, St. Joe presently has an average rating of "Hold".
Check Out Our Latest Stock Report on JOE
St. Joe Stock Performance
Shares of JOE opened at $49.33 on Friday. The business's 50 day moving average is $50.44 and its two-hundred day moving average is $47.48. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $60.36. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 34.74 and a beta of 1.31. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.81.
St. Joe (NYSE:JOE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share (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 company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 22nd. St. Joe's payout ratio is 39.44%.
Insider Buying and Selling
In related news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.44, for a total transaction of $8,616,200.00. Following the completion of the transaction, the insider directly owned 16,634,024 shares in the company, valued at $855,654,194.56. This represents a 1.00% 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 616,000 shares of company stock worth $31,340,145. 0.32% of the stock is owned by corporate insiders.
About St. Joe
(
Free Report)
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.
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