The St. Joe Company (NYSE:JOE) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in The St. Joe Company (NYSE:JOE) by 14.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,886 shares of the financial services provider’s stock after selling 6,432 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of St. Joe worth $1,747,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of St. Joe by 277.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after buying an additional 430 shares during the period. Point72 Hong Kong Ltd bought a new stake in St. Joe during the 3rd quarter valued at $35,000. US Bancorp DE boosted its position in St. Joe by 163.6% during the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 700 shares during the period. KBC Group NV grew its stake in shares of St. Joe by 35.8% in the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 391 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of St. Joe in the third quarter worth $237,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Price Performance

Shares of NYSE JOE opened at $46.28 on Tuesday. The stock has a market cap of $2.70 billion, a P/E ratio of 39.22 and a beta of 1.30. The firm’s 50-day simple moving average is $46.94 and its 200 day simple moving average is $50.89. The St. Joe Company has a fifty-two week low of $42.94 and a fifty-two week high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe (NYSE:JOE) last released its quarterly 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 for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Monday, March 10th. St. Joe’s payout ratio is currently 44.09%.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total transaction of $1,934,166.00. Following the completion of the transaction, the insider now owns 17,310,124 shares in the company, valued at approximately $814,614,435.44. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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.