Edgestream Partners L.P. Has $982,000 Holdings in The St. Joe Company (NYSE:JOE)

Edgestream Partners L.P. trimmed its position in shares of The St. Joe Company (NYSE:JOE) by 31.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,947 shares of the financial services provider’s stock after selling 8,350 shares during the period. Edgestream Partners L.P.’s holdings in St. Joe were worth $982,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of JOE. Norges Bank bought a new stake in shares of St. Joe during the 4th quarter worth approximately $13,952,000. Capital Research Global Investors boosted its holdings in shares of St. Joe by 41.0% in the 4th quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock valued at $14,178,000 after purchasing an additional 68,500 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of St. Joe by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,765,278 shares of the financial services provider’s stock valued at $334,213,000 after purchasing an additional 59,563 shares during the last quarter. Raymond James & Associates raised its holdings in shares of St. Joe by 169.6% during the 2nd quarter. Raymond James & Associates now owns 89,286 shares of the financial services provider’s stock worth $4,884,000 after buying an additional 56,171 shares in the last quarter. Finally, Connectus Wealth LLC acquired a new position in shares of St. Joe during the 4th quarter worth $2,411,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Price Performance

Shares of JOE stock opened at $60.30 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.87. The company has a market cap of $3.52 billion, a P/E ratio of 43.07 and a beta of 1.26. The St. Joe Company has a twelve month low of $45.93 and a twelve month high of $64.69. The business has a fifty day simple moving average of $59.29 and a 200 day simple moving average of $56.98.

St. Joe (NYSE:JOE) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $111.60 million for the quarter. St. Joe had a net margin of 18.32% and a return on equity of 10.07%.

St. Joe Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.93%. This is a boost from St. Joe’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 9th. St. Joe’s dividend payout ratio is presently 40.00%.

Insider Activity at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 97,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $60.34, for a total value of $5,865,048.00. Following the completion of the transaction, the director now owns 17,878,924 shares of the company’s stock, valued at approximately $1,078,814,274.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 97,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $60.34, for a total value of $5,865,048.00. Following the completion of the transaction, the director now directly owns 17,878,924 shares in the company, valued at approximately $1,078,814,274.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bruce R. Berkowitz sold 28,100 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $62.98, for a total transaction of $1,769,738.00. Following the transaction, the director now directly owns 18,172,524 shares of the company’s stock, valued at approximately $1,144,505,561.52. The disclosure for this sale can be found here. Insiders have sold a total of 285,000 shares of company stock valued at $17,558,573 in the last 90 days. 38.80% of the stock is owned by corporate insiders.

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.