Northern Trust Corp Purchases 29,918 Shares of The St. Joe Company (NYSE:JOE)

Northern Trust Corp lifted its position in shares of The St. Joe Company (NYSE:JOE - Free Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 434,283 shares of the financial services provider's stock after buying an additional 29,918 shares during the period. Northern Trust Corp owned about 0.74% of St. Joe worth $19,512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in St. Joe by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider's stock valued at $8,896,000 after purchasing an additional 35,600 shares during the last quarter. Accordant Advisory Group Inc boosted its position in St. Joe by 80.8% during the fourth quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider's stock valued at $2,347,000 after purchasing an additional 23,333 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in St. Joe by 108.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider's stock valued at $508,000 after purchasing an additional 5,875 shares during the last quarter. Swiss National Bank lifted its position in shares of St. Joe by 17.5% in the fourth quarter. Swiss National Bank now owns 80,400 shares of the financial services provider's stock valued at $3,612,000 after buying an additional 12,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of 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 buying an additional 252,906 shares during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Stock Performance

Shares of JOE traded up $0.37 during mid-day trading on Friday, reaching $46.67. The company's stock had a trading volume of 273,395 shares, compared to its average volume of 221,774. 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 cap of $2.72 billion, a P/E ratio of 39.55 and a beta of 1.37. The business has a 50-day simple moving average of $44.28 and a two-hundred day simple moving average of $46.66. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.

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 (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 during the quarter.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be given a $0.14 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. St. Joe's payout ratio is 42.11%.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $47.00, for a total transaction of $7,534,100.00. Following the transaction, the insider now owns 17,000,724 shares in the company, valued at approximately $799,034,028. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 300,000 shares of company stock valued at $14,113,022 over the last three months. Insiders own 0.32% of the company's stock.

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.