Key Points
- Major shareholder Bruce Berkowitz sold 29,200 shares of St. Joe on June 10 at an average price of $65.13, totaling about $1.9 million. The sale reduced his ownership by just 0.19%, and he still holds more than 15.3 million shares.
- More insider selling has been reported recently, including another 30,500-share sale on June 9 and additional transactions around the mid-$65 range. The repeated sales suggest ongoing insider trimming rather than a one-off move.
- St. Joe remains fundamentally solid but lightly favored by analysts, with a recent quarterly dividend of $0.16 per share and a current consensus rating of Hold. The stock opened near $64.83 and trades close to its 50-day and 200-day averages.
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 Wednesday, June 10th. The shares were sold at an average price of $65.13, for a total transaction of $1,901,796.00. Following the completion of the sale, the insider directly owned 15,398,724 shares in the company, valued at approximately $1,002,918,894.12. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
St. Joe Price Performance
NYSE:JOE opened at $64.83 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 33.42 and a beta of 1.28. The company has a 50 day moving average price of $65.79 and a 200-day moving average price of $65.22. St. Joe Company has a 1-year low of $45.75 and a 1-year high of $73.54.
St. Joe (NYSE:JOE - Get Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.24 EPS for the quarter. The business had revenue of $99.04 million during the quarter. St. Joe had a net margin of 21.61% and a return on equity of 14.59%.
St. Joe Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.16 per share. The ex-dividend date is Tuesday, June 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe's dividend payout ratio is currently 32.99%.
Key St. Joe News
Here are the key news stories impacting St. Joe this week:
- Neutral Sentiment: Major shareholder Bruce R. Berkowitz sold 29,200 shares on June 10 at an average price of $65.13, trimming his ownership by 0.19%. SEC filing
- Neutral Sentiment: Berkowitz also sold 30,500 shares on June 9 at an average price of $65.10, reducing his stake by 0.20%. SEC filing
- Neutral Sentiment: Additional reports indicated more sales by Berkowitz, including 29,000, 33,600, and 59,100 shares, reinforcing the theme of insider selling around the mid-$65 range. Article
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Weiss Ratings lowered shares of St. Joe from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, May 22nd. Wall Street Zen lowered shares of St. Joe from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".
Get Our Latest Research Report on St. Joe
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in shares of St. Joe by 138.2% during the fourth quarter. SG Americas Securities LLC now owns 38,860 shares of the financial services provider's stock worth $2,307,000 after purchasing an additional 22,547 shares during the last quarter. Elo Mutual Pension Insurance Co purchased a new stake in St. Joe in the 3rd quarter valued at approximately $947,000. Horizon Investments LLC purchased a new stake in St. Joe in the 4th quarter valued at approximately $1,653,000. Vanguard Group Inc. boosted its holdings in St. Joe by 3.1% in 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 in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of St. Joe by 54.7% in the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider's stock valued at $20,160,000 after purchasing an additional 144,121 shares in 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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