Victory Capital Management Inc. Buys 18,150 Shares of The St. Joe Company (NYSE:JOE)

Victory Capital Management Inc. increased its stake in The St. Joe Company (NYSE:JOE) by 66.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,318 shares of the financial services provider’s stock after acquiring an additional 18,150 shares during the quarter. Victory Capital Management Inc. owned 0.08% of St. Joe worth $2,642,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Arizona State Retirement System increased its stake in shares of St. Joe by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 9,805 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 180 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in shares of St. Joe by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 31,348 shares of the financial services provider’s stock valued at $1,715,000 after acquiring an additional 185 shares in the last quarter. Amalgamated Bank increased its stake in shares of St. Joe by 2.3% in the 3rd quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 246 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of St. Joe by 4.4% in the 2nd quarter. Hsbc Holdings PLC now owns 6,478 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 274 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in St. Joe by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 101,188 shares of the financial services provider’s stock valued at $5,535,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 343,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $53.45, for a total value of $18,354,730.00. Following the transaction, the insider now owns 17,396,624 shares in the company, valued at $929,849,552.80. This trade represents a 1.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jorge Luis Gonzalez bought 1,695 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was bought at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the acquisition, the chief executive officer now directly owns 60,093 shares of the company’s stock, valued at approximately $3,187,933.65. This represents a 2.90 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 546,600 shares of company stock worth $29,818,648. Insiders own 38.80% of the company’s stock.

St. Joe Stock Up 1.3 %

St. Joe stock opened at $50.59 on Friday. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 42.87 and a beta of 1.27. The firm’s fifty day moving average price is $55.62 and its two-hundred day moving average price is $56.68. The St. Joe Company has a 1-year low of $49.36 and a 1-year high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.11%. St. Joe’s dividend payout ratio (DPR) is currently 47.46%.

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.