The St. Joe Company (NYSE:JOE) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its position in shares of The St. Joe Company (NYSE:JOE) by 7.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 434,283 shares of the financial services provider’s stock after buying an additional 29,918 shares during the period. Northern Trust Corp’s holdings in St. Joe were worth $19,512,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Arete Wealth Advisors LLC grew its stake in St. Joe by 5.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 243 shares in the last quarter. Carmel Capital Partners LLC boosted its holdings in shares of St. Joe by 4.6% during the 4th quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 375 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 430 shares in the last quarter. Legacy Capital Group California Inc. increased 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 purchasing an additional 540 shares during the last quarter. Finally, KBC Group NV lifted its position in St. Joe by 38.8% during the fourth 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. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the sale, the insider now owns 16,940,624 shares of the company’s stock, valued at $796,378,734.24. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 300,000 shares of company stock valued at $14,113,022 over the last quarter. 0.32% of the stock is owned by insiders.

St. Joe Stock Down 1.1%

NYSE JOE opened at $46.14 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 52 week low of $40.19 and a 52 week high of $64.69. The business’s fifty day simple moving average is $44.27 and its 200-day simple moving average is $46.75. The firm has a market cap of $2.69 billion, a PE ratio of 39.10 and a beta of 1.37.

St. Joe (NYSE:JOE) last posted its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The company had revenue of $94.20 million for the quarter.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be given a $0.14 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 annualized dividend and a yield of 1.21%. St. Joe’s payout ratio is 42.11%.

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.