St. Joe (NYSE:JOE) Major Shareholder Sells $378,200.00 in Stock

by · The Markets Daily

St. Joe Company (The) (NYSE:JOE – Get Free Report) major shareholder Bruce Berkowitz sold 6,100 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $62.00, for a total value of $378,200.00. Following the sale, the insider owned 16,252,724 shares of the company’s stock, valued at $1,007,668,888. This represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

St. Joe Trading Down 0.1%

Shares of JOE opened at $61.24 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.25 and a current ratio of 2.25. St. Joe Company has a one year low of $40.19 and a one year high of $63.13. The stock has a 50-day moving average price of $56.87 and a 200 day moving average price of $52.02. The company has a market capitalization of $3.54 billion, a P/E ratio of 34.02 and a beta of 1.37.

St. Joe (NYSE:JOE – Get Free Report) last announced its earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 13.96% and a net margin of 21.40%.The company had revenue of $161.08 million for the quarter.

St. Joe Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.64 annualized dividend and a yield of 1.0%. This is an increase from St. Joe’s previous quarterly dividend of $0.14. St. Joe’s dividend payout ratio (DPR) is 35.56%.

Analyst Ratings Changes

JOE has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a research report on Monday. Wall Street Zen upgraded St. Joe from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, St. Joe has an average rating of “Buy”.

Get Our Latest Research Report on St. Joe

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JOE. Vanguard Group Inc. increased its position in St. Joe by 3.1% in the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after buying an additional 179,877 shares during the period. Nuveen LLC acquired a new position in shares of St. Joe during the first quarter valued at $7,195,000. Victory Capital Management Inc. grew its position in shares of St. Joe by 54.7% during the third quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock worth $20,160,000 after acquiring an additional 144,121 shares during the last quarter. Select Equity Group L.P. acquired a new stake in shares of St. Joe in the 2nd quarter worth about $6,347,000. Finally, AQR Capital Management LLC lifted its position in 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 valued at $9,285,000 after purchasing an additional 118,580 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

St. Joe Company Profile

(Get Free Report)

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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