International Assets Investment Management LLC Acquires Shares of 11,662 The St. Joe Company (NYSE:JOE)

International Assets Investment Management LLC acquired a new stake in shares of The St. Joe Company (NYSE:JOE) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,662 shares of the financial services provider’s stock, valued at approximately $680,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in St. Joe by 1.0% during the 1st 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 period. Dimensional Fund Advisors LP boosted its holdings in shares of St. Joe by 0.3% during 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 valued at $19,217,000 after buying an additional 11,113 shares in the last quarter. Algert Global LLC boosted its holdings 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 valued at $7,376,000 after buying an additional 11,592 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings 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 valued at $5,535,000 after buying an additional 288 shares in the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Bruce R. Berkowitz sold 54,100 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 17,976,124 shares in the company, valued at $1,085,578,128.36. The trade was a 0.00 % decrease in their position. 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 54,100 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 17,976,124 shares in the company, valued at $1,085,578,128.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jorge Luis Gonzalez purchased 1,695 shares of the company’s stock in a transaction that occurred 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 purchase, the chief executive officer now owns 60,093 shares in the company, valued at $3,187,933.65. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 242,300 shares of company stock worth $13,967,667. Corporate insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

Shares of JOE stock opened at $52.20 on Wednesday. The St. Joe Company has a 12 month low of $47.83 and a 12 month high of $64.69. The stock has a market cap of $3.05 billion, a PE ratio of 44.23 and a beta of 1.27. 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’s fifty day moving average price is $57.55 and its 200-day moving average price is $57.30.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be issued 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 is Thursday, November 7th. St. Joe’s dividend payout ratio (DPR) is presently 47.46%.

St. Joe 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.