GSA Capital Partners LLP purchased a new stake in shares of St. Joe Company (The) (NYSE:JOE – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 11,945 shares of the financial services provider’s stock, valued at approximately $748,000.
A number of other hedge funds have also modified their holdings of the company. State Street Corp increased its stake in shares of St. Joe by 1.5% in the fourth quarter. State Street Corp now owns 1,430,583 shares of the financial services provider’s stock worth $84,934,000 after purchasing an additional 21,309 shares in the last quarter. Geode Capital Management LLC raised its position in shares of St. Joe by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 994,963 shares of the financial services provider’s stock valued at $59,081,000 after purchasing an additional 11,621 shares during the period. Nitor Capital Management LLC purchased a new position in shares of St. Joe during the 4th quarter valued at $31,789,000. Victory Capital Management Inc. lifted its stake in shares of St. Joe by 5.4% during the 4th quarter. Victory Capital Management Inc. now owns 429,376 shares of the financial services provider’s stock valued at $25,492,000 after buying an additional 21,938 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in St. Joe by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 364,009 shares of the financial services provider’s stock worth $21,611,000 after buying an additional 3,007 shares during the period. 86.67% of the stock is currently owned by institutional investors.
Insider Activity at St. Joe
In related news, major shareholder Bruce R. Berkowitz sold 140,400 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $65.71, for a total value of $9,225,684.00. Following the completion of the transaction, the insider directly owned 15,073,624 shares of the company’s stock, valued at approximately $990,487,833.04. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 506,500 shares of company stock worth $33,116,206. 0.35% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on JOE
St. Joe Price Performance
NYSE:JOE opened at $69.93 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $3.98 billion, a P/E ratio of 32.68 and a beta of 1.29. St. Joe Company has a 12 month low of $46.37 and a 12 month high of $73.54. The business’s 50-day moving average is $63.89 and its 200 day moving average is $65.88.
St. Joe (NYSE:JOE – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.71 EPS for the quarter. The company had revenue of $158.86 million during the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.
St. Joe Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. St. Joe’s dividend payout ratio is currently 29.91%.
About St. Joe
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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