Arrowstreet Capital Limited Partnership Makes New $400,000 Investment in The St. Joe Company (NYSE:JOE)

Arrowstreet Capital Limited Partnership purchased a new stake in The St. Joe Company (NYSE:JOE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,910 shares of the financial services provider's stock, valued at approximately $400,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in St. Joe by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock worth $278,449,000 after buying an additional 252,906 shares during the last quarter. Norges Bank acquired a new position in St. Joe during the fourth quarter worth $4,981,000. Raymond James Financial Inc. acquired a new stake in shares of St. Joe in the fourth quarter valued at about $4,657,000. State Street Corp grew its stake in shares of St. Joe by 5.7% in the third quarter. State Street Corp now owns 1,396,046 shares of the financial services provider's stock valued at $81,403,000 after buying an additional 75,374 shares in the last quarter. Finally, Barclays PLC lifted its stake in St. Joe by 404.5% in the third quarter. Barclays PLC now owns 64,990 shares of the financial services provider's stock valued at $3,790,000 after acquiring an additional 52,107 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total value 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 approximately $808,526,505.64. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 300,000 shares of company stock valued at $14,113,022. Insiders own 38.80% of the company's stock.

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St. Joe Stock Performance

Shares of JOE stock traded down $0.07 on Tuesday, reaching $42.64. The stock had a trading volume of 148,285 shares, compared to its average volume of 220,151. The St. Joe Company has a 12 month low of $40.19 and a 12 month high of $64.69. 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 firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 36.14 and a beta of 1.28. The firm's 50-day moving average is $45.83 and its two-hundred day moving average is $48.78.

St. Joe (NYSE:JOE - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. The business had revenue of $104.30 million for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Monday, March 10th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.56 annualized dividend and a yield of 1.31%. St. Joe's dividend payout ratio (DPR) is presently 44.09%.

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.