Key Points
- Major shareholder Bruce Berkowitz sold 25,000 St. Joe shares on May 7 at an average price of $65.33 for a total of $1,633,250, trimming his stake by 0.16% to 15,695,824 shares (≈$1.03B) per the SEC filing.
- St. Joe shares trade around $65 with a market cap of $3.73B and a P/E of 33.5; the company reported $0.24 EPS on $99.04M revenue last quarter and declared a $0.16 quarterly dividend (annualized $0.64, ~1.0% yield).
St. Joe Company (The) (NYSE:JOE - Get Free Report) major shareholder Bruce Berkowitz sold 25,000 shares of St. Joe stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $65.33, for a total value of $1,633,250.00. Following the sale, the insider directly owned 15,695,824 shares of the company's stock, valued at $1,025,408,181.92. This represents a 0.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
St. Joe Price Performance
Shares of NYSE JOE opened at $65.05 on Friday. The stock's 50-day simple moving average is $67.55 and its two-hundred day simple moving average is $63.64. St. Joe Company has a twelve month low of $42.65 and a twelve month high of $73.54. The firm has a market capitalization of $3.73 billion, a P/E ratio of 33.53 and a beta of 1.31. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72.
St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.24 EPS for the quarter. The company had revenue of $99.04 million during the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.
St. Joe Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 9th. St. Joe's payout ratio is currently 32.99%.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of St. Joe from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, St. Joe currently has an average rating of "Buy".
Read Our Latest Research Report on St. Joe
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Camelot Portfolios LLC purchased a new position in shares of St. Joe during the fourth quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of St. Joe by 155.7% in the 2nd 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 in the last quarter. Kestra Advisory Services LLC bought a new position in shares of St. Joe during the 4th quarter valued at $32,000. Quarry LP purchased a new position in St. Joe in the 3rd quarter worth $39,000. Finally, Smartleaf Asset Management LLC raised its position in St. Joe by 31.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider's stock worth $48,000 after purchasing an additional 236 shares during the period. 86.67% of the stock is currently owned by institutional investors.
About St. Joe
(
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.
Further Reading
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