Key Points
- Major shareholder Bruce Berkowitz sold 1,400 shares of St. Joe at an average price of $73.50 on March 4 for $102,900, leaving him with 16,094,724 shares (a 0.01% reduction) valued at about $1.183 billion.
- Shares fell 1.7% to $68.87 on higher-than-normal volume; the company reported quarterly EPS of $0.52 on $128.89M revenue, has a market cap of $3.96B and a P/E of 34.44, and declared a $0.16 quarterly dividend (annualized $0.64, 0.9% yield) payable March 26 with an ex-dividend date of March 9.
St. Joe Company (The) (NYSE:JOE - Get Free Report) major shareholder Bruce Berkowitz sold 1,400 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $73.50, for a total value of $102,900.00. Following the completion of the transaction, the insider directly owned 16,094,724 shares of the company's stock, valued at approximately $1,182,962,214. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
St. Joe Stock Down 1.7%
Shares of NYSE JOE traded down $1.19 during mid-day trading on Friday, reaching $68.87. 367,984 shares of the company were exchanged, compared to its average volume of 177,120. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $73.54. The firm has a 50-day moving average of $66.54 and a 200 day moving average of $58.44. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 34.44 and a beta of 1.30. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.73.
St. Joe (NYSE:JOE - Get Free Report) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share (EPS) 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 9th will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. St. Joe's payout ratio is presently 32.00%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of St. Joe in a research report on Monday, December 29th. Wall Street Zen lowered shares of St. Joe from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, St. Joe has a consensus rating of "Buy".
Read Our Latest Stock Report on St. Joe
Institutional Trading of St. Joe
Several large investors have recently bought and sold shares of JOE. Blackhawk Capital Partners LLC acquired a new position in St. Joe during the 3rd quarter valued at approximately $1,535,000. River Road Asset Management LLC grew its holdings in shares of St. Joe by 86.0% during the second quarter. River Road Asset Management LLC now owns 186,830 shares of the financial services provider's stock valued at $9,435,000 after buying an additional 86,365 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in shares of St. Joe during the second quarter valued at $2,224,000. Horizon Kinetics Asset Management LLC increased its position in shares of St. Joe by 1.0% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider's stock valued at $26,516,000 after acquiring an additional 5,552 shares during the period. Finally, American Century Companies Inc. increased its position in shares of St. Joe by 182.7% in the 2nd quarter. American Century Companies Inc. now owns 58,227 shares of the financial services provider's stock valued at $2,777,000 after acquiring an additional 37,632 shares during the period. Hedge funds and other institutional investors own 86.67% of the company's stock.
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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