Blue Trust Inc. Grows Stake in The St. Joe Company (NYSE:JOE)

Blue Trust Inc. grew its holdings in shares of The St. Joe Company (NYSE:JOE) by 549.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 727 shares of the financial services provider’s stock after acquiring an additional 615 shares during the period. Blue Trust Inc.’s holdings in St. Joe were worth $40,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JOE. Vanguard Group Inc. lifted its stake 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 buying an additional 59,563 shares during the period. Dimensional Fund Advisors LP increased its stake in St. Joe by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,525,941 shares of the financial services provider’s stock valued at $83,467,000 after buying an additional 5,144 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of St. Joe by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 351,319 shares of the financial services provider’s stock worth $19,217,000 after purchasing an additional 11,113 shares during the last quarter. Algert Global LLC increased its stake in shares of St. Joe by 9.4% during the 2nd quarter. Algert Global LLC now owns 134,851 shares of the financial services provider’s stock worth $7,376,000 after purchasing an additional 11,592 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in St. Joe by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 101,188 shares of the financial services provider’s stock valued at $5,535,000 after buying an additional 288 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 80,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $53.14, for a total value of $4,251,200.00. Following the completion of the sale, the insider now owns 17,797,824 shares in the company, valued at $945,776,367.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Bruce R. Berkowitz sold 97,200 shares of St. Joe stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.34, for a total value of $5,865,048.00. Following the transaction, the director now directly owns 17,878,924 shares of the company’s stock, valued at $1,078,814,274.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bruce R. Berkowitz sold 80,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $53.14, for a total transaction of $4,251,200.00. Following the sale, the insider now directly owns 17,797,824 shares in the company, valued at $945,776,367.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,300 shares of company stock valued at $13,967,667. Corporate insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

Shares of St. Joe stock opened at $50.68 on Friday. The company has a 50 day moving average of $57.73 and a 200-day moving average of $57.29. The St. Joe Company has a 1-year low of $47.32 and a 1-year high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The company has a market cap of $2.96 billion, a PE ratio of 42.95 and a beta of 1.26.

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, November 7th. St. Joe’s dividend payout ratio is presently 47.46%.

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.