First Trust Advisors LP trimmed its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 37.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,213 shares of the financial services provider's stock after selling 13,528 shares during the quarter. First Trust Advisors LP's holdings in St. Joe were worth $998,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of JOE. Barclays PLC grew its position in shares of St. Joe by 404.5% during the 3rd quarter. Barclays PLC now owns 64,990 shares of the financial services provider's stock worth $3,790,000 after buying an additional 52,107 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of St. Joe by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider's stock worth $8,896,000 after buying an additional 35,600 shares during the period. Annex Advisory Services LLC increased its position in shares of St. Joe by 49.7% in the 4th quarter. Annex Advisory Services LLC now owns 42,656 shares of the financial services provider's stock valued at $1,917,000 after acquiring an additional 14,155 shares during the period. Inspire Investing LLC raised its stake in St. Joe by 45.1% in the 4th quarter. Inspire Investing LLC now owns 10,212 shares of the financial services provider's stock worth $459,000 after acquiring an additional 3,176 shares during the last quarter. Finally, KBC Group NV raised its stake in St. Joe by 38.8% in the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock worth $93,000 after acquiring an additional 576 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company's stock.
Insider Buying and Selling at St. Joe
In other St. Joe news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total value of $1,934,166.00. Following the completion of the transaction, the insider now owns 17,310,124 shares in the company, valued at approximately $814,614,435.44. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 300,000 shares of company stock valued at $14,113,022. 38.80% of the stock is owned by company insiders.
St. Joe Stock Performance
St. Joe stock traded up $0.04 during trading hours on Friday, hitting $44.49. 143,299 shares of the stock traded hands, compared to its average volume of 221,474. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The St. Joe Company has a 1 year low of $40.19 and a 1 year high of $64.69. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 37.70 and a beta of 1.37. The firm's 50 day moving average price is $44.30 and its 200-day moving average price is $46.85.
St. Joe (NYSE:JOE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. The firm had revenue of $94.20 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.
St. Joe Announces Dividend
The business also recently declared 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. This represents a $0.56 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe's dividend payout ratio is currently 42.11%.
St. Joe Company Profile
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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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