St. Joe Company (The) (NYSE:JOE - Get Free Report) major shareholder Bruce Berkowitz sold 8,800 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $73.14, for a total transaction of $643,632.00. Following the completion of the sale, the insider directly owned 16,096,124 shares in the company, valued at $1,177,270,509.36. This trade represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
St. Joe Trading Down 0.1%
Shares of St. Joe stock opened at $72.64 on Wednesday. The stock has a market cap of $4.18 billion, a PE ratio of 36.32 and a beta of 1.30. The firm has a fifty day moving average price of $65.85 and a 200 day moving average price of $58.13. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $73.14. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68.
St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share for the quarter. The company had revenue of $128.89 million for the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.
St. Joe Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 9th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 9th. St. Joe's dividend payout ratio (DPR) is currently 32.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Camelot Portfolios LLC acquired a new stake in St. Joe in the 4th quarter valued at $30,000. Financial Consulate Inc. purchased a new position in St. Joe during the third quarter valued at $31,000. EverSource Wealth Advisors LLC grew its position in shares of St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 397 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of St. Joe in the fourth quarter valued at about $32,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of St. Joe by 2,265.5% during the second quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider's stock worth $33,000 after purchasing an additional 657 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company's stock.
Key St. Joe News
Here are the key news stories impacting St. Joe this week:
- Positive Sentiment: TipRanks summarizes St. Joe’s recent Q4 earnings call as signaling continued growth momentum, highlighting management commentary around development pipeline and sales/operations execution that could support revenue and margin expansion. St. Joe Co Earnings Call Signals Growth Momentum
- Positive Sentiment: Company marketing/brand activity: St. Joe released a new issue of its Watersound Lifestyle member magazine to promote club amenities and member engagement — a small but constructive item for community retention and project branding. Watersound Lifestyle Release
- Neutral Sentiment: Third-party coverage: AmericanBankingNews published an analysis piece comparing St. Joe with peers (Berkeley Group), which may influence some investor research flows but contains no company-specific catalyst. Analyzing Berkeley Group & St. Joe
- Neutral Sentiment: Local/community news (e.g., St. Joseph Reads summit) and unrelated sports/college items are appearing in the press; these boost local visibility but are unlikely to move the stock materially. St. Joseph Reads summit
- Negative Sentiment: Insider selling: Major shareholder Bruce R. Berkowitz disclosed multiple sales between Feb. 27 and March 3 (totaling roughly 39,000 shares sold at prices around $71.85–$73.14), a small percentage reduction of an already large >10% stake. While his remaining holding remains large, the disclosed sales can create short-term downward pressure or signal portfolio rebalancing to some investors. SEC Insider Filing
Analyst Upgrades and Downgrades
JOE has been the subject of several recent research reports. Wall Street Zen lowered shares of St. Joe from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings restated a "buy (b-)" rating on shares of St. Joe in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, St. Joe has an average rating of "Buy".
Get Our Latest Analysis on JOE
St. Joe Company Profile
(
Get Free Report)
The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe's core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.
Founded in 1936 as a paper manufacturing company, St.
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