The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz Sells 1,500 Shares

The St. Joe Company (NYSE:JOE) Director Bruce R. Berkowitz sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $59.19, for a total value of $88,785.00. Following the transaction, the director now directly owns 19,227,224 shares in the company, valued at $1,138,059,388.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

St. Joe Trading Down 2.4 %

Shares of JOE traded down $1.41 during mid-day trading on Tuesday, hitting $57.20. 199,520 shares of the company’s stock traded hands, compared to its average volume of 182,746. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.89. The St. Joe Company has a 1 year low of $39.68 and a 1 year high of $65.99. The firm has a market capitalization of $3.34 billion, a P/E ratio of 40.86 and a beta of 1.30. The business’s 50-day moving average price is $55.43 and its 200-day moving average price is $54.49.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. St. Joe had a return on equity of 11.69% and a net margin of 20.10%. The company had revenue of $86.70 million for the quarter.

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, May 14th. St. Joe’s dividend payout ratio (DPR) is 34.29%.

Institutional Investors Weigh In On St. Joe

Several hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its holdings in St. Joe by 5.5% in the third quarter. Northern Trust Corp now owns 413,648 shares of the financial services provider’s stock worth $22,473,000 after acquiring an additional 21,497 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in St. Joe by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 289,875 shares of the financial services provider’s stock worth $17,445,000 after acquiring an additional 7,581 shares in the last quarter. Capital Research Global Investors boosted its holdings in St. Joe by 41.0% in the fourth quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock worth $14,178,000 after acquiring an additional 68,500 shares in the last quarter. Norges Bank bought a new stake in St. Joe in the fourth quarter worth $13,952,000. Finally, Principal Financial Group Inc. boosted its holdings in St. Joe by 5.9% in the first quarter. Principal Financial Group Inc. now owns 196,017 shares of the financial services provider’s stock worth $11,363,000 after acquiring an additional 10,943 shares in the last quarter. 86.67% of the stock is owned by institutional investors.

About St. Joe

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.