The St. Joe Company (NYSE:JOE) Shares Purchased by Covestor Ltd

Covestor Ltd raised its holdings in The St. Joe Company (NYSE:JOE) by 17.9% in the 4th quarter, HoldingsChannel reports. The fund owned 30,023 shares of the financial services provider’s stock after acquiring an additional 4,553 shares during the period. St. Joe makes up 0.8% of Covestor Ltd’s investment portfolio, making the stock its 8th largest position. Covestor Ltd’s holdings in St. Joe were worth $1,349,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in shares of St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after buying an additional 430 shares during the period. Campbell Capital Management Inc. acquired a new position in St. Joe in the fourth quarter worth approximately $67,000. KBC Group NV lifted its stake in shares of St. Joe by 38.8% in the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 576 shares during the last quarter. Legacy Capital Group California Inc. raised its holdings in St. Joe by 12.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 540 shares during the period. Finally, Polymer Capital Management US LLC acquired a new position in St. Joe in the fourth quarter valued at about $223,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $47.01, for a total transaction of $136,329.00. Following the sale, the insider now directly owns 16,940,624 shares of the company’s stock, valued at $796,378,734.24. This represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 300,000 shares of company stock worth $14,113,022 in the last quarter. 38.80% of the stock is currently owned by corporate insiders.

St. Joe Price Performance

Shares of JOE stock traded down $0.74 during trading hours on Thursday, reaching $42.58. 10,423 shares of the company were exchanged, compared to its average volume of 218,362. The St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $64.69. The stock’s fifty day moving average is $46.26 and its two-hundred day moving average is $49.25. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 36.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The company had revenue of $104.30 million for the quarter.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Monday, March 10th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.32%. St. Joe’s dividend payout ratio (DPR) is presently 44.09%.

About St. Joe

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.