Chicago Partners Investment Group LLC Trims Holdings in St. Joe Company (The) $JOE

Chicago Partners Investment Group LLC decreased its holdings in St. Joe Company (The) (NYSE:JOE) by 14.0% in the 2nd quarter, Holdings Channel reports. The firm owned 7,159 shares of the financial services provider’s stock after selling 1,161 shares during the period. Chicago Partners Investment Group LLC’s holdings in St. Joe were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new stake in St. Joe in the 1st quarter valued at $263,000. Principal Financial Group Inc. raised its position in St. Joe by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 189,390 shares of the financial services provider’s stock valued at $8,892,000 after purchasing an additional 4,324 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in St. Joe in the 2nd quarter valued at $547,000. Teacher Retirement System of Texas purchased a new position in St. Joe during the 1st quarter worth $281,000. Finally, American Century Companies Inc. raised its position in St. Joe by 234.7% during the 1st quarter. American Century Companies Inc. now owns 20,595 shares of the financial services provider’s stock worth $967,000 after buying an additional 14,442 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Down 0.0%

Shares of St. Joe stock opened at $50.43 on Friday. The company has a market cap of $2.92 billion, a P/E ratio of 35.52 and a beta of 1.31. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. St. Joe Company has a one year low of $40.19 and a one year high of $56.76. The firm has a fifty day moving average of $49.78 and a two-hundred day moving average of $47.68.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.51 EPS for the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%. The company had revenue of $129.10 million during the quarter.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $51.44, for a total transaction of $8,616,200.00. Following the transaction, the insider directly owned 16,634,024 shares of the company’s stock, valued at $855,654,194.56. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 616,000 shares of company stock worth $31,340,145. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of St. Joe in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

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.