AQR Capital Management LLC Has $1.44 Million Stake in The St. Joe Company (NYSE:JOE)

AQR Capital Management LLC grew its position in The St. Joe Company (NYSE:JOE) by 14.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,300 shares of the financial services provider’s stock after purchasing an additional 3,365 shares during the quarter. AQR Capital Management LLC’s holdings in St. Joe were worth $1,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UniSuper Management Pty Ltd acquired a new position in shares of St. Joe in the first quarter valued at approximately $558,000. Vanguard Group Inc. grew its position in shares of St. Joe by 1.0% in 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 during the last quarter. Old West Investment Management LLC grew its position in shares of St. Joe by 14.1% in the second quarter. Old West Investment Management LLC now owns 75,544 shares of the financial services provider’s stock valued at $4,132,000 after purchasing an additional 9,362 shares during the last quarter. Raymond James & Associates grew its position in shares of St. Joe by 169.6% in the second quarter. Raymond James & Associates now owns 89,286 shares of the financial services provider’s stock valued at $4,884,000 after purchasing an additional 56,171 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of St. Joe by 54.9% in the first quarter. Private Advisor Group LLC now owns 6,403 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 2,269 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insider Activity at St. Joe

In related news, Director Bruce R. Berkowitz sold 28,100 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $62.98, for a total value 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 approximately $1,144,505,561.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other St. Joe news, Director Bruce R. Berkowitz sold 51,600 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $62.28, for a total transaction of $3,213,648.00. Following the completion of the sale, the director now directly owns 18,030,924 shares in the company, valued at $1,122,965,946.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,769,738.00. Following the sale, the director now owns 18,172,524 shares of the company’s stock, valued at $1,144,505,561.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 285,000 shares of company stock worth $17,558,573. Company insiders own 38.80% of the company’s stock.

St. Joe Trading Up 1.0 %

Shares of JOE stock opened at $57.98 on Friday. 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 stock has a market cap of $3.39 billion, a P/E ratio of 41.41 and a beta of 1.26. The stock has a 50 day simple moving average of $58.40 and a 200 day simple moving average of $57.42. The St. Joe Company has a 1 year low of $45.93 and a 1 year high of $64.69.

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

St. Joe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.14 dividend. This is a boost from St. Joe’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, August 9th. St. Joe’s payout ratio is 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.