St. Joe (NYSE:JOE) Major Shareholder Bruce Berkowitz Sells 29,000 Shares

Posted by Brenda Bartman on Jun 8th, 2026

St. Joe Company (The) (NYSE:JOE – Get Free Report) major shareholder Bruce Berkowitz sold 29,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $65.12, for a total transaction of $1,888,480.00. Following the transaction, the insider owned 15,458,424 shares of the company’s stock, valued at $1,006,652,570.88. The trade was a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

St. Joe Stock Down 0.2%

JOE traded down $0.12 during trading hours on Monday, hitting $64.75. 186,620 shares of the company’s stock were exchanged, compared to its average volume of 223,422. St. Joe Company has a 1-year low of $45.75 and a 1-year high of $73.54. The stock’s 50-day moving average is $65.54 and its two-hundred day moving average is $64.98. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 33.38 and a beta of 1.28. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72.

St. Joe (NYSE:JOE – Get Free Report) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.24 EPS for the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%. The business had revenue of $99.04 million during the quarter.

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 9th. St. Joe’s dividend payout ratio is 32.99%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings lowered shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Read Our Latest Report on St. Joe

Institutional Trading of St. Joe

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Camelot Portfolios LLC bought a new stake in St. Joe during the fourth quarter worth $30,000. Kestra Advisory Services LLC bought a new stake in St. Joe during the fourth quarter worth $32,000. EverSource Wealth Advisors LLC raised its position in shares of St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 397 shares during the period. Quarry LP acquired a new stake in shares of St. Joe during the 3rd quarter worth about $39,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of St. Joe by 31.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after buying an additional 236 shares during the last quarter. 86.67% of the stock is owned by institutional investors.

About St. Joe

(Get Free Report)

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.