T. Rowe Price Investment Management Inc. trimmed its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 53.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 595,233 shares of the financial services provider's stock after selling 672,796 shares during the period. T. Rowe Price Investment Management Inc. owned 1.02% of St. Joe worth $26,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in St. Joe by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after purchasing an additional 252,906 shares in the last quarter. Geode Capital Management LLC grew its position in shares of St. Joe by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider's stock valued at $40,746,000 after buying an additional 8,031 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its position in St. Joe by 7.7% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider's stock valued at $25,350,000 after acquiring an additional 40,354 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in St. Joe by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider's stock valued at $16,380,000 after acquiring an additional 6,904 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of St. Joe by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 347,929 shares of the financial services provider's stock valued at $15,632,000 after purchasing an additional 16,514 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company's stock.
Insider Buying and Selling
In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the completion of the sale, the insider now owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. This trade represents a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 300,000 shares of company stock valued at $14,113,022 over the last three months. 38.80% of the stock is currently owned by company insiders.
St. Joe Stock Performance
Shares of JOE stock traded down $0.10 during trading hours on Wednesday, hitting $42.38. The stock had a trading volume of 222,369 shares, compared to its average volume of 221,536. 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 firm has a market capitalization of $2.47 billion, a PE ratio of 35.92 and a beta of 1.28. The stock's 50 day moving average is $44.80 and its 200 day moving average is $47.68. The St. Joe Company has a twelve month low of $40.19 and a twelve month high of $64.69.
St. Joe (NYSE:JOE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. The business had revenue of $94.20 million during the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.
St. Joe Dividend Announcement
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 issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe's dividend payout ratio is presently 42.11%.
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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