Bank of Montreal Can Grows Position in The St. Joe Company (NYSE:JOE)

Bank of Montreal Can boosted its stake in The St. Joe Company (NYSE:JOE) by 27.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,775 shares of the financial services provider’s stock after purchasing an additional 2,296 shares during the quarter. Bank of Montreal Can’s holdings in St. Joe were worth $590,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in St. Joe by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after purchasing an additional 59,563 shares in the last quarter. Raymond James & Associates raised its holdings in St. Joe by 169.6% in the second quarter. Raymond James & Associates now owns 89,286 shares of the financial services provider’s stock worth $4,884,000 after purchasing an additional 56,171 shares in the last quarter. GSA Capital Partners LLP bought a new stake in St. Joe during the first quarter worth about $2,097,000. Herr Investment Group LLC bought a new position in St. Joe during the 1st quarter valued at approximately $928,000. Finally, Callan Capital LLC purchased a new position in shares of St. Joe in the 2nd quarter worth about $633,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Bruce R. Berkowitz sold 97,200 shares of the company’s stock in a transaction on Monday, August 26th. The shares were 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 in the company, valued at approximately $1,078,814,274.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Bruce R. Berkowitz sold 97,200 shares of St. Joe stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $60.34, for a total value of $5,865,048.00. Following the completion of the transaction, the director now owns 17,878,924 shares in the company, valued at approximately $1,078,814,274.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 28,100 shares of the business’s stock in a transaction 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 transaction, the director now owns 18,172,524 shares in the company, valued at $1,144,505,561.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 285,000 shares of company stock valued at $17,558,573. Company insiders own 38.80% of the company’s stock.

St. Joe Stock Down 0.7 %

St. Joe stock opened at $57.73 on Wednesday. The stock has a fifty day simple moving average of $58.54 and a two-hundred day simple moving average of $57.42. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.87. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 41.24 and a beta of 1.26. The St. Joe Company has a 12 month low of $45.93 and a 12 month high of $64.69.

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

St. Joe Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a dividend of $0.14 per share. This is a boost from St. Joe’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a yield of 0.97%. St. Joe’s dividend payout ratio (DPR) is presently 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.