The St. Joe Company (NYSE:JOE) Holdings Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of The St. Joe Company (NYSE:JOE) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,197,402 shares of the financial services provider’s stock after purchasing an additional 252,906 shares during the period. Vanguard Group Inc. owned 0.11% of St. Joe worth $278,449,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Old West Investment Management LLC raised its stake in shares of St. Joe by 68.6% in the 3rd quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider’s stock valued at $7,427,000 after acquiring an additional 51,830 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of St. Joe by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider’s stock valued at $20,855,000 after purchasing an additional 22,187 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of St. Joe by 30.8% in the third quarter. BNP Paribas Financial Markets now owns 18,961 shares of the financial services provider’s stock worth $1,106,000 after buying an additional 4,462 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of St. Joe during the 3rd quarter worth $289,000. Finally, Quadrature Capital Ltd acquired a new position in St. Joe in the 3rd quarter valued at $237,000. Institutional investors own 86.67% of the company’s stock.

Insider Activity

In related news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $47.00, for a total transaction of $7,534,100.00. Following the completion of the transaction, the insider now directly owns 17,000,724 shares in the company, valued at $799,034,028. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 300,000 shares of company stock valued at $14,113,022. 38.80% of the stock is owned by company insiders.

St. Joe Stock Performance

Shares of JOE opened at $44.97 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The St. Joe Company has a one year low of $42.94 and a one year high of $64.69. The company’s fifty day moving average price is $46.92 and its 200 day moving average price is $49.88. The company has a market capitalization of $2.62 billion, a PE ratio of 38.11 and a beta of 1.30.

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

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Monday, March 10th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.25%. St. Joe’s dividend payout ratio (DPR) is presently 44.09%.

St. Joe 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.