Creative Planning Has $541,000 Stock Position in The St. Joe Company (NYSE:JOE)

Creative Planning decreased its stake in The St. Joe Company (NYSE:JOE) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,271 shares of the financial services provider’s stock after selling 197 shares during the period. Creative Planning’s holdings in St. Joe were worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its stake in shares of St. Joe by 54.9% in the 1st 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 in the last quarter. BNP Paribas Financial Markets grew its position in shares of St. Joe by 14.2% in the 1st quarter. BNP Paribas Financial Markets now owns 30,798 shares of the financial services provider’s stock valued at $1,785,000 after purchasing an additional 3,840 shares during the period. Capstone Investment Advisors LLC boosted its position in St. Joe by 23.4% during the 1st quarter. Capstone Investment Advisors LLC now owns 5,491 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 1,041 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in St. Joe by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 31,163 shares of the financial services provider’s stock worth $1,807,000 after acquiring an additional 417 shares during the last quarter. Finally, Meixler Investment Management Ltd. raised its stake in shares of St. Joe by 53.6% during the 1st quarter. Meixler Investment Management Ltd. now owns 19,040 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 6,647 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Stock Up 1.6 %

JOE stock opened at $52.20 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 44.03 and a beta of 1.27. The business’s fifty day moving average price is $57.55 and its two-hundred day moving average price is $57.30. The St. Joe Company has a fifty-two week low of $47.83 and a fifty-two week high of $64.69.

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 7th. St. Joe’s payout ratio is 47.46%.

Insider Transactions at St. Joe

In other St. Joe news, CEO Jorge Luis Gonzalez bought 1,695 shares of the stock in a transaction on Friday, October 25th. The stock was acquired at an average cost of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the acquisition, the chief executive officer now owns 60,093 shares in the company, valued at $3,187,933.65. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other St. Joe news, Director Bruce R. Berkowitz sold 97,200 shares of the business’s stock in a transaction on 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 transaction, the director now owns 17,878,924 shares of the company’s stock, valued at approximately $1,078,814,274.16. The trade was 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 accessible through this link. Also, CEO Jorge Luis Gonzalez bought 1,695 shares of the stock in a transaction on Friday, October 25th. The stock was purchased at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the purchase, the chief executive officer now owns 60,093 shares of the company’s stock, valued at approximately $3,187,933.65. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 242,300 shares of company stock worth $13,967,667 over the last ninety days. 38.80% of the stock is owned by insiders.

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.