Inceptionr LLC Makes New $337,000 Investment in The St. Joe Company (NYSE:JOE)

Inceptionr LLC acquired a new position in The St. Joe Company (NYSE:JOE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,510 shares of the financial services provider's stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of St. Joe by 30.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider's stock worth $8,896,000 after buying an additional 35,600 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of St. Joe in the third quarter worth $1,237,000. Citigroup Inc. grew its stake in shares of St. Joe by 130.5% in the third quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider's stock worth $3,938,000 after acquiring an additional 38,243 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of St. Joe by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider's stock valued at $20,855,000 after acquiring an additional 22,187 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of St. Joe by 66.8% in the 3rd quarter. Victory Capital Management Inc. now owns 45,318 shares of the financial services provider's stock worth $2,642,000 after purchasing an additional 18,150 shares during the last quarter. Institutional investors own 86.67% of the company's stock.

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St. Joe Stock Down 1.4 %

JOE stock traded down $0.62 during trading on Thursday, hitting $44.07. 199,692 shares of the stock traded hands, compared to its average volume of 242,967. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 37.35 and a beta of 1.30. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The St. Joe Company has a 1 year low of $42.94 and a 1 year high of $64.69. The firm's 50 day moving average is $46.92 and its two-hundred day moving average is $51.24.

St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings results 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 for the quarter.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, March 10th. St. Joe's dividend payout ratio is currently 44.09%.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 41,100 shares of St. Joe stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total value of $1,934,166.00. Following the completion of the sale, the insider now directly owns 17,310,124 shares in the company, valued at $814,614,435.44. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 38.80% of the company's stock.

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.