Dimensional Fund Advisors LP Decreases Holdings in The St. Joe Company (NYSE:JOE)

Dimensional Fund Advisors LP cut its stake in shares of The St. Joe Company (NYSE:JOE - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,465,689 shares of the financial services provider's stock after selling 17,347 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.51% of St. Joe worth $65,853,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of St. Joe by 277.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after purchasing an additional 430 shares in the last quarter. Campbell Capital Management Inc. bought a new stake in shares of St. Joe in the fourth quarter worth about $67,000. KBC Group NV raised its holdings in St. Joe by 38.8% during the 4th 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 period. XTX Topco Ltd bought a new stake in St. Joe in the 4th quarter valued at $210,000. Finally, Legacy Capital Group California Inc. boosted its position in shares of St. Joe by 12.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock worth $220,000 after buying an additional 540 shares during the period. 86.67% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the firm's stock in a transaction dated 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 directly owns 17,162,524 shares of the company's stock, valued at $808,526,505.64. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 300,000 shares of company stock valued at $14,113,022 in the last ninety days. 38.80% of the stock is owned by company insiders.

St. Joe Stock Performance

JOE stock traded up $0.55 during trading hours on Wednesday, reaching $43.85. The stock had a trading volume of 157,411 shares, compared to its average volume of 220,952. The stock has a 50-day simple moving average of $44.41 and a 200 day simple moving average of $47.10. The stock has a market capitalization of $2.55 billion, a PE ratio of 37.16 and a beta of 1.37. 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 fifty-two week low of $40.19 and a fifty-two week high of $64.69.

St. Joe (NYSE:JOE - Get Free Report) last released its earnings results 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 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 company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Tuesday, June 10th. St. Joe's dividend payout ratio is presently 42.11%.

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.