Texas Permanent School Fund Corp Purchases 185 Shares of The St. Joe Company (NYSE:JOE)

Texas Permanent School Fund Corp grew its position in The St. Joe Company (NYSE:JOE) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,348 shares of the financial services provider’s stock after purchasing an additional 185 shares during the quarter. Texas Permanent School Fund Corp owned about 0.05% of St. Joe worth $1,715,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in JOE. Private Advisor Group LLC bought a new position in St. Joe during the 4th quarter worth $249,000. Charles Schwab Investment Management Inc. boosted its holdings in St. Joe by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 289,875 shares of the financial services provider’s stock valued at $17,445,000 after purchasing an additional 7,581 shares during the period. Teacher Retirement System of Texas bought a new position in shares of St. Joe during the fourth quarter worth approximately $326,000. Level Four Advisory Services LLC bought a new stake in shares of St. Joe in the fourth quarter valued at approximately $250,000. Finally, Norges Bank bought a new position in St. Joe during the 4th quarter worth $13,952,000. Institutional investors own 86.67% of the company’s stock.

Insider Activity at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 28,100 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the completion of the sale, the director now directly owns 18,172,524 shares in the company, valued at $1,144,505,561.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 97,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the completion of the transaction, the director now owns 17,878,924 shares of the company’s stock, valued at $1,078,814,274.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Berkowitz sold 28,100 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the completion of the sale, the director now owns 18,172,524 shares in the company, valued at $1,144,505,561.52. The disclosure for this sale can be found here. Insiders have sold 285,000 shares of company stock valued at $17,558,573 over the last three months. 38.80% of the stock is owned by insiders.

St. Joe Stock Performance

NYSE:JOE opened at $59.79 on Thursday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 42.71 and a beta of 1.26. The St. Joe Company has a fifty-two week low of $45.93 and a fifty-two week high of $64.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a fifty day moving average price of $59.03 and a 200-day moving average price of $56.85.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter. The business had revenue of $111.60 million during the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%.

St. Joe Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were given a dividend of $0.14 per share. This is a positive change from St. Joe’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.56 annualized dividend and a dividend yield of 0.94%. St. Joe’s dividend payout ratio (DPR) is currently 40.00%.

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.