Victory Capital Management Inc. Has $1.75 Million Stock Holdings in The St. Joe Company (NYSE:JOE)

Victory Capital Management Inc. decreased its stake in The St. Joe Company (NYSE:JOE) by 14.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,886 shares of the financial services provider’s stock after selling 6,432 shares during the quarter. Victory Capital Management Inc.’s holdings in St. Joe were worth $1,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of JOE. Charles Schwab Investment Management Inc. lifted its stake in St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider’s stock valued at $16,380,000 after buying an additional 6,904 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of St. Joe by 108.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider’s stock valued at $508,000 after acquiring an additional 5,875 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 430 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in St. Joe in the 4th quarter worth approximately $589,000. Finally, Illinois Municipal Retirement Fund grew its position in St. Joe by 14.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 21,769 shares of the financial services provider’s stock worth $978,000 after purchasing an additional 2,694 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Price Performance

Shares of NYSE:JOE opened at $46.28 on Tuesday. The company has a market cap of $2.70 billion, a P/E ratio of 39.22 and a beta of 1.30. The company’s fifty day moving average is $46.94 and its two-hundred day moving average is $50.89. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 12-month low of $42.94 and a 12-month high of $64.69.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The firm had revenue of $104.30 million during the quarter.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 annualized dividend and a yield of 1.21%. St. Joe’s dividend payout ratio is presently 44.09%.

Insiders Place Their Bets

In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the transaction, the insider now directly owns 17,162,524 shares in the company, valued at $808,526,505.64. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 38.80% of the company’s stock.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.