Key Points
- Major shareholder Bruce Berkowitz sold 86,500 shares of St. Joe on May 8 at an average price of $66.09, generating about $5.7 million and trimming his stake by 0.55%.
- St. Joe recently reported quarterly earnings of $0.24 per share on revenue of $99.04 million, with net margin of 21.61% and return on equity of 14.59%.
- The company announced a quarterly dividend of $0.16 per share, payable June 25, for an annualized yield of about 1.0%.
St. Joe Company (The) (NYSE:JOE - Get Free Report) major shareholder Bruce Berkowitz sold 29,200 shares of the company's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $65.49, for a total transaction of $1,912,308.00. Following the completion of the transaction, the insider owned 15,580,124 shares of the company's stock, valued at $1,020,342,320.76. This trade represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
St. Joe Stock Down 1.3%
Shares of NYSE JOE opened at $64.24 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.72. St. Joe Company has a 12 month low of $42.65 and a 12 month high of $73.54. The firm has a market capitalization of $3.69 billion, a PE ratio of 33.11 and a beta of 1.31. The firm has a fifty day simple moving average of $67.25 and a two-hundred day simple moving average of $63.96.
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. St. Joe had a net margin of 21.61% and a return on equity of 14.59%. The business had revenue of $99.04 million during the quarter.
St. Joe Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $0.64 annualized dividend and a yield of 1.0%. St. Joe's dividend payout ratio is 32.99%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on JOE. Wall Street Zen downgraded shares of St. Joe from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of St. Joe in a research report on Friday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy".
Read Our Latest Stock Report on St. Joe
Institutional Trading of St. Joe
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in St. Joe by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider's stock valued at $294,866,000 after purchasing an additional 179,877 shares during the last quarter. State Street Corp grew its position in St. Joe by 1.5% during the 4th quarter. State Street Corp now owns 1,430,583 shares of the financial services provider's stock valued at $84,934,000 after purchasing an additional 21,309 shares during the last quarter. Geode Capital Management LLC grew its position in St. Joe by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 994,963 shares of the financial services provider's stock valued at $59,081,000 after purchasing an additional 11,621 shares during the last quarter. Nitor Capital Management LLC purchased a new stake in St. Joe during the 4th quarter valued at about $31,789,000. Finally, Victory Capital Management Inc. grew its position in St. Joe by 5.4% during the 4th quarter. Victory Capital Management Inc. now owns 429,376 shares of the financial services provider's stock valued at $25,492,000 after purchasing an additional 21,938 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other 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.
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