The St. Joe Company (NYSE:JOE) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its stake in shares of The St. Joe Company (NYSE:JOE) by 108.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,297 shares of the financial services provider’s stock after acquiring an additional 5,875 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in St. Joe were worth $508,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Thrivent Financial for Lutherans increased its stake in shares of St. Joe by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider’s stock valued at $1,738,000 after acquiring an additional 236 shares during the period. Amalgamated Bank boosted its holdings in St. Joe by 2.3% during the third quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider’s stock worth $647,000 after buying an additional 246 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in St. Joe by 8.0% during the third quarter. Arete Wealth Advisors LLC now owns 4,804 shares of the financial services provider’s stock worth $279,000 after buying an additional 356 shares in the last quarter. KBC Group NV boosted its holdings in St. Joe by 35.8% during the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider’s stock worth $86,000 after buying an additional 391 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings 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 worth $26,000 after buying an additional 430 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of St. Joe 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 completion of the sale, the insider now owns 17,162,524 shares of the company’s stock, valued at $808,526,505.64. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 38.80% of the company’s stock.

St. Joe Trading Up 1.0 %

Shares of NYSE:JOE opened at $44.69 on Thursday. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 37.87 and a beta of 1.30. The St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50 day moving average price of $46.92 and a 200 day moving average price of $51.24.

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 net margin of 17.76% and a return on equity of 9.58%. The firm had revenue of $104.30 million during the quarter.

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is 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.