Thrivent Financial for Lutherans Raises Stake in The St. Joe Company (NYSE:JOE)

Thrivent Financial for Lutherans increased its holdings in shares of The St. Joe Company (NYSE:JOE) by 0.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,808 shares of the financial services provider’s stock after purchasing an additional 236 shares during the quarter. Thrivent Financial for Lutherans owned 0.05% of St. Joe worth $1,738,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $34,000 after buying an additional 427 shares in the last quarter. Quest Partners LLC grew its position in St. Joe by 72,300.0% in the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 723 shares in the last quarter. Blue Trust Inc. raised its stake in shares of St. Joe by 549.1% during the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 615 shares during the period. nVerses Capital LLC lifted its position in shares of St. Joe by 100.0% during the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of St. Joe by 163.6% during the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 11,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.12, for a total transaction of $584,320.00. Following the transaction, the insider now owns 17,785,024 shares of the company’s stock, valued at $944,740,474.88. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jorge Luis Gonzalez acquired 1,695 shares of St. Joe stock in a transaction that occurred on Friday, October 25th. The shares were 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 directly owns 60,093 shares of the company’s stock, valued at $3,187,933.65. The trade was a 2.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 449,400 shares of company stock worth $23,953,600 in the last 90 days. 38.80% of the stock is owned by corporate insiders.

St. Joe Stock Performance

Shares of JOE stock opened at $51.08 on Friday. 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 company’s fifty day moving average price is $54.93 and its two-hundred day moving average price is $56.49. The firm has a market capitalization of $2.98 billion, a P/E ratio of 43.29 and a beta of 1.27. The St. Joe Company has a 12 month low of $49.36 and a 12 month high of $64.69.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, November 7th. St. Joe’s dividend payout ratio is currently 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.