St. Joe Company (The) (NYSE:JOE) Shares Sold by Intrinsic Value Partners LLC

Intrinsic Value Partners LLC lessened its stake in St. Joe Company (The) (NYSE:JOE) by 3.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 108,505 shares of the financial services provider’s stock after selling 3,710 shares during the period. St. Joe makes up about 5.0% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Intrinsic Value Partners LLC’s holdings in St. Joe were worth $5,094,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JOE. Vanguard Group Inc. increased its holdings in shares of St. Joe by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock valued at $278,449,000 after purchasing an additional 252,906 shares during the last quarter. Berkley W R Corp purchased a new position in St. Joe in the fourth quarter worth approximately $9,415,000. Millennium Management LLC grew its position in St. Joe by 2,785.5% in the fourth quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider’s stock worth $9,432,000 after acquiring an additional 202,642 shares during the period. Voloridge Investment Management LLC grew its position in St. Joe by 373.3% in the fourth quarter. Voloridge Investment Management LLC now owns 149,650 shares of the financial services provider’s stock worth $6,724,000 after acquiring an additional 118,029 shares during the period. Finally, Norges Bank purchased a new position in St. Joe in the fourth quarter worth approximately $4,981,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Sunday, June 8th.

St. Joe Trading Down 1.0%

Shares of St. Joe stock opened at $51.33 on Thursday. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 36.15 and a beta of 1.36. St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $62.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50 day moving average of $47.89 and a 200 day moving average of $46.44.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. The company had revenue of $129.10 million during the quarter. St. Joe had a return on equity of 11.19% and a net margin of 19.39%.

St. Joe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.14 per share. The ex-dividend date is Friday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 1.09%. St. Joe’s dividend payout ratio is currently 39.44%.

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.