Public Employees Retirement System of Ohio acquired a new stake in St. Joe Company (The) (NYSE:JOE – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,649 shares of the financial services provider’s stock, valued at approximately $732,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Camelot Portfolios LLC acquired a new stake in St. Joe in the fourth quarter valued at $30,000. Kestra Advisory Services LLC acquired a new position in shares of St. Joe during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC increased its stake in shares of St. Joe by 155.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 397 shares during the last quarter. Quarry LP bought a new stake in shares of St. Joe in the 3rd quarter valued at about $39,000. Finally, Smartleaf Asset Management LLC lifted its stake in St. Joe by 31.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 236 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.
St. Joe Stock Performance
NYSE JOE opened at $64.84 on Wednesday. The stock has a market cap of $3.69 billion, a PE ratio of 30.30 and a beta of 1.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a 50-day moving average of $63.15 and a 200-day moving average of $65.67. St. Joe Company has a 52-week low of $46.37 and a 52-week high of $73.54.
St. Joe Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 21st. St. Joe’s payout ratio is currently 29.91%.
Insider Activity at St. Joe
In other news, major shareholder Bruce R. Berkowitz sold 140,400 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $65.71, for a total transaction of $9,225,684.00. Following the transaction, the insider owned 15,073,624 shares in the company, valued at approximately $990,487,833.04. This trade represents a 0.92% 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 647,200 shares of company stock valued at $42,378,549 over the last 90 days. 0.35% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on JOE
St. Joe Profile
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.
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