Charles Schwab Investment Management Inc. Has $16.38 Million Position in The St. Joe Company (NYSE:JOE)

Charles Schwab Investment Management Inc. increased its holdings in shares of The St. Joe Company (NYSE:JOE) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 364,559 shares of the financial services provider’s stock after buying an additional 6,904 shares during the period. Charles Schwab Investment Management Inc. owned about 0.62% of St. Joe worth $16,380,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of St. Joe by 5.7% in the third quarter. State Street Corp now owns 1,396,046 shares of the financial services provider’s stock worth $81,403,000 after purchasing an additional 75,374 shares during the last quarter. Barclays PLC lifted its holdings in St. Joe by 404.5% during the 3rd quarter. Barclays PLC now owns 64,990 shares of the financial services provider’s stock worth $3,790,000 after buying an additional 52,107 shares during the period. Old West Investment Management LLC grew its position in shares of 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 valued at $7,427,000 after buying an additional 51,830 shares during the last quarter. Edgestream Partners L.P. increased its stake in shares of St. Joe by 279.2% in the third 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 period. Finally, Citigroup Inc. raised its position in shares of St. Joe by 130.5% during the third quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock worth $3,938,000 after acquiring an additional 38,243 shares during the last quarter. 86.67% of the stock is owned by institutional investors.

St. Joe Price Performance

St. Joe stock opened at $46.79 on Friday. The firm has a market cap of $2.73 billion, a P/E ratio of 39.66 and a beta of 1.30. The stock’s 50 day moving average is $47.10 and its 200 day moving average is $50.75. 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 St. Joe Company has a one year low of $42.94 and a one year high of $64.69.

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

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.20%. St. Joe’s payout ratio is currently 44.09%.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the transaction, the insider now owns 17,162,524 shares in the company, valued at $808,526,505.64. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 300,000 shares of company stock valued at $14,113,022. Corporate insiders own 38.80% of the company’s stock.

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.