Point72 Asia Singapore Pte. Ltd. Cuts Position in The St. Joe Company (NYSE:JOE)

Point72 Asia Singapore Pte. Ltd. decreased its position in The St. Joe Company (NYSE:JOE) by 82.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 603 shares of the financial services provider’s stock after selling 2,779 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in St. Joe were worth $33,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in St. Joe by 263.6% in the first quarter. EverSource Wealth Advisors LLC now owns 589 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 427 shares during the period. Quest Partners LLC raised its position in St. Joe by 72,300.0% in the second quarter. Quest Partners LLC now owns 724 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 723 shares during the period. nVerses Capital LLC raised its position in St. Joe by 100.0% in the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Lowe Wealth Advisors LLC purchased a new stake in St. Joe in the second quarter valued at approximately $63,000. Finally, SG Americas Securities LLC increased its position in shares of St. Joe by 17.1% during the second quarter. SG Americas Securities LLC now owns 3,417 shares of the financial services provider’s stock worth $187,000 after acquiring an additional 498 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Down 1.0 %

St. Joe stock opened at $57.74 on Wednesday. The St. Joe Company has a twelve month low of $45.93 and a twelve month high of $64.69. The stock’s fifty day simple moving average is $59.01 and its 200-day simple moving average is $57.30. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $3.37 billion, a P/E ratio of 41.24 and a beta of 1.26.

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

St. Joe Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from St. Joe’s previous quarterly dividend of $0.12. St. Joe’s dividend payout ratio is currently 40.00%.

Insider Transactions at St. Joe

In related news, Director Bruce R. Berkowitz sold 97,200 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.34, for a total transaction of $5,865,048.00. Following the completion of the transaction, the director now owns 17,878,924 shares in the company, valued at $1,078,814,274.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 54,100 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.39, for a total value of $3,267,099.00. Following the completion of the transaction, the director now owns 17,976,124 shares in the company, valued at $1,085,578,128.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 97,200 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $60.34, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 285,000 shares of company stock valued at $17,558,573. 38.80% of the stock is currently owned by company 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.