The St. Joe Company (NYSE:JOE) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in The St. Joe Company (NYSE:JOE) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,197,402 shares of the financial services provider’s stock after purchasing an additional 252,906 shares during the period. Vanguard Group Inc. owned 10.61% of St. Joe worth $278,449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in St. Joe by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider’s stock worth $8,896,000 after purchasing an additional 35,600 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in St. Joe by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider’s stock worth $20,855,000 after buying an additional 22,187 shares during the period. Accordant Advisory Group Inc lifted its stake in St. Joe by 80.8% in the fourth quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider’s stock valued at $2,347,000 after buying an additional 23,333 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of St. Joe by 108.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 5,875 shares during the period. Finally, Swiss National Bank grew its position in shares of St. Joe by 17.5% during the fourth quarter. Swiss National Bank now owns 80,400 shares of the financial services provider’s stock worth $3,612,000 after acquiring an additional 12,000 shares during the last quarter. 86.67% of the stock is owned by institutional investors.

Insider Transactions at St. Joe

In other St. Joe 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 value of $1,934,166.00. Following the completion of the transaction, the insider now directly owns 17,310,124 shares in the company, valued at $814,614,435.44. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 300,000 shares of company stock valued at $14,113,022 over the last three months. Company insiders own 38.80% of the company’s stock.

St. Joe Stock Down 0.3 %

JOE stock opened at $44.97 on Friday. 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 firm’s 50-day simple moving average is $46.92 and its 200 day simple moving average is $49.88. The stock has a market cap of $2.62 billion, a PE ratio of 38.11 and a beta of 1.30. The St. Joe Company has a fifty-two week low of $42.94 and a fifty-two week high of $64.69.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. The business 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 business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, March 10th. St. Joe’s payout ratio is 44.09%.

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.