Steward Partners Investment Advisory LLC Grows Stock Holdings in The St. Joe Company (NYSE:JOE)

Steward Partners Investment Advisory LLC lifted its holdings in shares of The St. Joe Company (NYSE:JOE) by 108.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,297 shares of the financial services provider’s stock after acquiring an additional 5,875 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in St. Joe were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in JOE. Thrivent Financial for Lutherans lifted its holdings in St. Joe by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock worth $1,738,000 after buying an additional 236 shares in the last quarter. Amalgamated Bank raised its stake in shares of St. Joe by 2.3% in the 3rd quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 246 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of St. Joe by 8.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 4,804 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 356 shares in the last quarter. KBC Group NV raised its stake in shares of St. Joe by 35.8% in the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 391 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after buying an additional 430 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the completion of the transaction, the insider now owns 17,162,524 shares in the company, valued at approximately $808,526,505.64. This represents a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 38.80% of the stock is owned by insiders.

St. Joe Price Performance

Shares of NYSE:JOE opened at $44.69 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a fifty-two week low of $42.94 and a fifty-two week high of $64.69. The firm has a 50-day simple moving average of $46.92 and a 200 day simple moving average of $51.24. The company has a market cap of $2.61 billion, a PE ratio of 37.87 and a beta of 1.30.

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

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, March 10th. St. Joe’s dividend payout ratio (DPR) is 44.09%.

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.