Institute for Wealth Management LLC. Sells 1,149 Shares of The St. Joe Company (NYSE:JOE)

Institute for Wealth Management LLC. trimmed its holdings in shares of The St. Joe Company (NYSE:JOE) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,203 shares of the financial services provider’s stock after selling 1,149 shares during the quarter. Institute for Wealth Management LLC.’s holdings in St. Joe were worth $1,222,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of JOE. State Street Corp increased its holdings in shares of St. Joe by 5.7% during the third quarter. State Street Corp now owns 1,396,046 shares of the financial services provider’s stock worth $81,403,000 after purchasing an additional 75,374 shares during the period. Barclays PLC raised its holdings in St. Joe by 404.5% in the 3rd quarter. Barclays PLC now owns 64,990 shares of the financial services provider’s stock valued at $3,790,000 after acquiring an additional 52,107 shares in the last quarter. Old West Investment Management LLC lifted its position in shares of St. Joe by 68.6% during the 3rd quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider’s stock valued at $7,427,000 after acquiring an additional 51,830 shares during the period. Edgestream Partners L.P. grew its holdings in shares of St. Joe by 279.2% during the 3rd quarter. Edgestream Partners L.P. now owns 68,059 shares of the financial services provider’s stock worth $3,969,000 after purchasing an additional 50,112 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of St. Joe by 130.5% in the third quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock worth $3,938,000 after purchasing an additional 38,243 shares during the period. Institutional investors own 86.67% of the company’s stock.

St. Joe Stock Up 1.1 %

JOE stock opened at $49.02 on Friday. The company has a market cap of $2.86 billion, a PE ratio of 41.54 and a beta of 1.27. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 52 week low of $42.94 and a 52 week high of $64.69. The business has a 50-day simple moving average of $47.22 and a 200 day simple moving average of $53.86.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 15,000 shares of St. Joe stock in a transaction on Monday, November 4th. The stock was sold at an average price of $50.89, for a total value of $763,350.00. Following the transaction, the insider now owns 17,770,024 shares in the company, valued at approximately $904,316,521.36. This trade represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 38.80% of the company’s stock.

St. Joe Company 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.