The St. Joe Company (NYSE:JOE) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its holdings in The St. Joe Company (NYSE:JOE) by 33.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,822 shares of the financial services provider’s stock after selling 43,967 shares during the quarter. Wells Fargo & Company MN’s holdings in St. Joe were worth $3,856,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after buying an additional 430 shares in the last quarter. Campbell Capital Management Inc. acquired a new position in shares of St. Joe during the 4th quarter valued at $67,000. KBC Group NV raised its stake in shares of St. Joe by 38.8% in the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock worth $93,000 after buying an additional 576 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in shares of St. Joe by 12.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock valued at $220,000 after buying an additional 540 shares during the period. Finally, Arete Wealth Advisors LLC boosted its stake in St. Joe by 5.1% during the fourth quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock valued at $226,000 after buying an additional 243 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of St. Joe stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $47.01, for a total transaction of $136,329.00. Following the transaction, the insider now directly owns 16,940,624 shares in the company, valued at approximately $796,378,734.24. The trade was a 0.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 300,000 shares of company stock worth $14,113,022 in the last quarter. 38.80% of the stock is owned by company insiders.

St. Joe Price Performance

Shares of St. Joe stock opened at $40.88 on Tuesday. The St. Joe Company has a 52 week low of $40.19 and a 52 week high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $45.46 and its two-hundred day moving average price is $48.27. The stock has a market cap of $2.38 billion, a PE ratio of 34.64 and a beta of 1.28.

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

St. Joe Announces Dividend

The business also recently announced 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. This represents a $0.56 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Monday, March 10th. St. Joe’s dividend payout ratio is 44.09%.

About St. Joe

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.