Invesco Ltd. Sells 23,835 Shares of The St. Joe Company (NYSE:JOE)

Invesco Ltd. trimmed its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 27.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,285 shares of the financial services provider's stock after selling 23,835 shares during the period. Invesco Ltd. owned approximately 0.11% of St. Joe worth $2,798,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Arete Wealth Advisors LLC grew its stake in St. Joe by 5.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider's stock valued at $226,000 after acquiring an additional 243 shares during the period. Carmel Capital Partners LLC lifted its holdings in shares of St. Joe by 4.6% in the 4th quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider's stock worth $383,000 after purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC grew its position in 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 during the period. Legacy Capital Group California Inc. increased its stake in St. Joe by 12.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock valued at $220,000 after purchasing an additional 540 shares in the last quarter. Finally, KBC Group NV raised its holdings 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 worth $93,000 after buying an additional 576 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.

St. Joe Stock Up 2.3 %

Shares of NYSE JOE traded up $0.99 during mid-day trading on Friday, reaching $44.03. 172,324 shares of the company's stock traded hands, compared to its average volume of 222,227. 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 business has a 50-day simple moving average of $44.63 and a 200 day simple moving average of $47.34. The stock has a market cap of $2.56 billion, a P/E ratio of 37.31 and a beta of 1.28. The St. Joe Company has a 1-year low of $40.19 and a 1-year high of $64.69.

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

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders 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 yield of 1.27%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe's dividend payout ratio (DPR) is presently 42.11%.

Insiders Place Their Bets

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

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.