Raymond James & Associates Purchases 5,983 Shares of The St. Joe Company (NYSE:JOE)

Raymond James & Associates lifted its position in shares of The St. Joe Company (NYSE:JOE) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,269 shares of the financial services provider’s stock after acquiring an additional 5,983 shares during the period. Raymond James & Associates owned approximately 0.16% of St. Joe worth $5,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in St. Joe by 54.9% in the first quarter. Private Advisor Group LLC now owns 6,403 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 2,269 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in St. Joe by 14.2% in the first quarter. BNP Paribas Financial Markets now owns 30,798 shares of the financial services provider’s stock worth $1,785,000 after purchasing an additional 3,840 shares during the last quarter. Capstone Investment Advisors LLC boosted its holdings in St. Joe by 23.4% in the first quarter. Capstone Investment Advisors LLC now owns 5,491 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 1,041 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in St. Joe in the first quarter worth approximately $2,097,000. Finally, Texas Permanent School Fund Corp boosted its stake in shares of St. Joe by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 31,163 shares of the financial services provider’s stock worth $1,807,000 after acquiring an additional 417 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

St. Joe Trading Down 2.0 %

Shares of St. Joe stock opened at $50.68 on Friday. The company’s fifty day simple moving average is $57.73 and its 200-day simple moving average is $57.29. The stock has a market capitalization of $2.96 billion, a PE ratio of 42.95 and a beta of 1.26. The St. Joe Company has a 1-year low of $47.32 and a 1-year high of $64.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, November 7th. St. Joe’s dividend payout ratio is presently 47.46%.

Insider Transactions at St. Joe

In other news, Director Bruce R. Berkowitz sold 54,100 shares of St. Joe stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.39, for a total transaction of $3,267,099.00. Following the transaction, the director now owns 17,976,124 shares in the company, valued at $1,085,578,128.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Jorge Luis Gonzalez bought 1,695 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the purchase, the chief executive officer now owns 60,093 shares in the company, valued at $3,187,933.65. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bruce R. Berkowitz sold 54,100 shares of St. Joe stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.39, for a total transaction of $3,267,099.00. Following the transaction, the director now owns 17,976,124 shares in the company, valued at approximately $1,085,578,128.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 242,300 shares of company stock worth $13,967,667 in the last 90 days. 38.80% of the stock is currently owned by 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.