Raymond James Financial Inc. Makes New Investment in The St. Joe Company (NYSE:JOE)

Raymond James Financial Inc. bought a new position in The St. Joe Company (NYSE:JOE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 103,639 shares of the financial services provider's stock, valued at approximately $4,657,000. Raymond James Financial Inc. owned 0.18% of St. Joe as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its stake in St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after acquiring an additional 430 shares during the period. Campbell Capital Management Inc. purchased a new stake in shares of St. Joe in the fourth quarter worth $67,000. KBC Group NV raised its position in shares of St. Joe by 38.8% during 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 during the period. Legacy Capital Group California Inc. lifted its stake in shares of 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 buying an additional 540 shares in the last quarter. Finally, Polymer Capital Management US LLC bought a new position in St. Joe in the 4th quarter worth $223,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 300,000 shares of company stock valued at $14,113,022. 38.80% of the stock is currently owned by insiders.

St. Joe Price Performance

JOE traded up $0.87 on Thursday, hitting $43.19. 26,296 shares of the company's stock traded hands, compared to its average volume of 220,855. The St. Joe Company has a one year low of $40.19 and a one year high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 36.54 and a beta of 1.28. The company's 50 day simple moving average is $44.72 and its 200-day simple moving average is $47.64.

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

St. Joe Announces Dividend

The business also recently announced 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio (DPR) is 42.11%.

St. Joe Company 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.