Sequoia Financial Advisors LLC Makes New Investment in The St. Joe Company (NYSE:JOE)

Sequoia Financial Advisors LLC acquired a new position in shares of The St. Joe Company (NYSE:JOE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,233 shares of the financial services provider’s stock, valued at approximately $363,000.

Several other institutional investors have also modified their holdings of the stock. Arizona State Retirement System raised its position in St. Joe by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 9,805 shares of the financial services provider’s stock worth $536,000 after buying an additional 180 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in shares of St. Joe by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 31,348 shares of the financial services provider’s stock worth $1,715,000 after purchasing an additional 185 shares during the period. Hsbc Holdings PLC grew its stake in shares of St. Joe by 4.4% during the 2nd quarter. Hsbc Holdings PLC now owns 6,478 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 274 shares during the period. Rhumbline Advisers grew its stake in shares of St. Joe by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 101,188 shares of the financial services provider’s stock worth $5,535,000 after purchasing an additional 288 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in shares of St. Joe by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,900 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Price Performance

Shares of NYSE JOE opened at $52.99 on Tuesday. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 44.91 and a beta of 1.26. The St. Joe Company has a 52 week low of $45.93 and a 52 week high of $64.69. The company’s 50-day moving average price is $58.33 and its 200 day moving average price is $57.44. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be paid a $0.14 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.06%. St. Joe’s payout ratio is 47.46%.

Insiders Place Their Bets

In other news, Director Bruce R. Berkowitz sold 54,100 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.39, for a total transaction of $3,267,099.00. Following the transaction, the director now directly owns 17,976,124 shares in the company, valued at $1,085,578,128.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other St. Joe news, Director Bruce R. Berkowitz sold 54,100 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.39, for a total value of $3,267,099.00. Following the completion of the sale, the director now owns 17,976,124 shares of the company’s stock, valued at $1,085,578,128.36. This trade 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 is available through the SEC website. Also, Director Bruce R. Berkowitz sold 97,200 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 17,878,924 shares of the company’s stock, valued at $1,078,814,274.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 202,900 shares of company stock valued at $12,345,795 in the last ninety days. Insiders own 38.80% of the company’s stock.

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.