NewEdge Advisors LLC decreased its position in shares of St. Joe Company (The) (NYSE:JOE – Free Report) by 57.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,224 shares of the financial services provider’s stock after selling 14,066 shares during the quarter. NewEdge Advisors LLC’s holdings in St. Joe were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in JOE. Nitor Capital Management LLC purchased a new position in St. Joe in the 4th quarter worth approximately $31,789,000. Select Equity Group L.P. purchased a new stake in St. Joe during the 2nd quarter valued at $6,347,000. Janus Henderson Group PLC increased its holdings in shares of St. Joe by 668.3% in the 4th quarter. Janus Henderson Group PLC now owns 139,947 shares of the financial services provider’s stock worth $8,310,000 after purchasing an additional 121,733 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of St. Joe by 155.9% in the 2nd quarter. AQR Capital Management LLC now owns 194,664 shares of the financial services provider’s stock worth $9,285,000 after purchasing an additional 118,580 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of St. Joe by 277.2% in the first quarter. First Trust Advisors LP now owns 127,557 shares of the financial services provider’s stock worth $8,011,000 after purchasing an additional 93,736 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.
Insider Activity
In other news, major shareholder Bruce R. Berkowitz sold 140,400 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $65.71, for a total transaction of $9,225,684.00. Following the completion of the sale, the insider owned 15,073,624 shares of the company’s stock, valued at $990,487,833.04. This represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 506,500 shares of company stock worth $33,116,206. Insiders own 0.35% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Research Report on JOE
St. Joe Price Performance
NYSE JOE opened at $69.00 on Friday. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 32.24 and a beta of 1.29. St. Joe Company has a 1-year low of $46.37 and a 1-year high of $73.54. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.84. The business’s fifty day moving average price is $63.97 and its 200-day moving average price is $65.90.
St. Joe (NYSE:JOE – Get Free Report) last issued its quarterly earnings data 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 Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be paid 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 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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