Swiss National Bank Boosts Holdings in The St. Joe Company (NYSE:JOE)

Swiss National Bank grew its position in shares of The St. Joe Company (NYSE:JOE) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,400 shares of the financial services provider’s stock after buying an additional 12,000 shares during the quarter. Swiss National Bank owned 0.14% of St. Joe worth $3,612,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in JOE. Old West Investment Management LLC boosted its position in shares of St. Joe by 68.6% during 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 purchasing an additional 51,830 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of St. Joe by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock worth $1,738,000 after acquiring an additional 236 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of St. Joe by 55.3% during the 3rd quarter. Intech Investment Management LLC now owns 7,295 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 2,597 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in St. Joe by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider’s stock valued at $20,855,000 after acquiring an additional 22,187 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in St. Joe by 130.5% in the 3rd quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider’s stock worth $3,938,000 after buying an additional 38,243 shares during the last quarter. Institutional investors and hedge funds 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 95,700 shares of St. Joe stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 300,000 shares of company stock valued at $14,113,022 in the last ninety days. Insiders own 38.80% of the company’s stock.

St. Joe Stock Performance

NYSE:JOE opened at $46.85 on Wednesday. The firm’s 50 day moving average is $47.17 and its two-hundred day moving average is $50.42. 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. The company has a market cap of $2.73 billion, a P/E ratio of 39.70 and a beta of 1.30.

St. Joe (NYSE:JOE) last posted its earnings results 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 for the quarter.

St. Joe Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. St. Joe’s dividend payout ratio is currently 44.09%.

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.