Principal Financial Group Inc. Grows Stock Position in The St. Joe Company (NYSE:JOE)

Principal Financial Group Inc. boosted its stake in The St. Joe Company (NYSE:JOE) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,066 shares of the financial services provider’s stock after acquiring an additional 5,411 shares during the quarter. Principal Financial Group Inc. owned about 0.32% of St. Joe worth $8,315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JOE. State Street Corp boosted its holdings in St. Joe by 5.7% in the 3rd quarter. State Street Corp now owns 1,396,046 shares of the financial services provider’s stock worth $81,403,000 after acquiring an additional 75,374 shares during the period. Barclays PLC boosted its holdings in St. Joe by 404.5% in the 3rd quarter. Barclays PLC now owns 64,990 shares of the financial services provider’s stock worth $3,790,000 after acquiring an additional 52,107 shares during the period. Old West Investment Management LLC boosted its holdings in St. Joe by 68.6% in the 3rd quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider’s stock worth $7,427,000 after acquiring an additional 51,830 shares during the period. Edgestream Partners L.P. boosted its stake in shares of St. Joe by 279.2% during the 3rd quarter. Edgestream Partners L.P. now owns 68,059 shares of the financial services provider’s stock valued at $3,969,000 after buying an additional 50,112 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of St. Joe by 130.5% during the 3rd quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock valued at $3,938,000 after buying an additional 38,243 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Performance

St. Joe stock opened at $47.94 on Friday. The stock has a market cap of $2.80 billion, a P/E ratio of 40.63 and a beta of 1.28. 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 stock has a 50 day moving average of $46.70 and a 200-day moving average of $51.93. The St. Joe Company has a 52 week low of $42.94 and a 52 week high of $64.69.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 EPS for the quarter. The company had revenue of $104.30 million during the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, March 10th. St. Joe’s dividend payout ratio (DPR) is currently 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.