Sequoia Financial Advisors LLC Sells 4,316 Shares of St. Joe Company (The) (NYSE:JOE)

Sequoia Financial Advisors LLC lowered its holdings in St. Joe Company (The) (NYSE:JOE) by 44.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,307 shares of the financial services provider’s stock after selling 4,316 shares during the period. Sequoia Financial Advisors LLC’s holdings in St. Joe were worth $249,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in St. Joe by 277.4% during the fourth 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. Lazard Asset Management LLC purchased a new position in St. Joe during the fourth quarter valued at approximately $38,000. Campbell Capital Management Inc. purchased a new position in St. Joe during the fourth quarter valued at approximately $67,000. XTX Topco Ltd purchased a new position in St. Joe during the fourth quarter valued at approximately $210,000. Finally, Polymer Capital Management US LLC purchased a new position in St. Joe during the fourth quarter valued at approximately $223,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Price Performance

JOE stock opened at $49.42 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.52 and a quick ratio of 1.52. St. Joe Company has a one year low of $40.19 and a one year high of $64.69. The stock has a market cap of $2.88 billion, a PE ratio of 37.16 and a beta of 1.36. The firm has a 50 day simple moving average of $45.69 and a two-hundred day simple moving average of $45.70.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. St. Joe had a net margin of 18.99% and a return on equity of 10.62%. The business had revenue of $94.20 million during the quarter.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.13%. St. Joe’s dividend payout ratio is presently 42.11%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Sunday, June 8th.

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.