Charles Schwab Investment Management Inc. boosted its position in The St. Joe Company (NYSE:JOE - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,655 shares of the financial services provider's stock after acquiring an additional 22,187 shares during the period. Charles Schwab Investment Management Inc. owned 0.61% of St. Joe worth $20,855,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its position in shares of St. Joe by 72,300.0% during the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider's stock worth $40,000 after buying an additional 723 shares during the period. Blue Trust Inc. grew its stake in shares of St. Joe by 549.1% during the third quarter. Blue Trust Inc. now owns 727 shares of the financial services provider's stock worth $40,000 after purchasing an additional 615 shares during the period. nVerses Capital LLC increased its holdings in St. Joe by 100.0% in the second quarter. nVerses Capital LLC now owns 800 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of St. Joe by 86.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 512 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of St. Joe by 163.6% in the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 700 shares during the period. 86.67% of the stock is currently owned by institutional investors and hedge funds.
St. Joe Trading Down 1.2 %
St. Joe stock traded down $0.60 during midday trading on Friday, hitting $48.29. 304,059 shares of the stock were exchanged, compared to its average volume of 288,358. The St. Joe Company has a 52 week low of $48.08 and a 52 week 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 stock has a market capitalization of $2.82 billion, a PE ratio of 40.92 and a beta of 1.25. The company has a fifty day simple moving average of $53.73 and a two-hundred day simple moving average of $56.12.
St. Joe Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 7th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a yield of 1.16%. St. Joe's payout ratio is 47.46%.
Insiders Place Their Bets
In related news, CEO Jorge Luis Gonzalez purchased 1,695 shares of St. Joe stock in a transaction dated Friday, October 25th. The stock was bought at an average price of $53.05 per share, for a total transaction of $89,919.75. Following the completion of the acquisition, the chief executive officer now directly owns 60,093 shares of the company's stock, valued at $3,187,933.65. This represents a 2.90 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 80,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $53.14, for a total transaction of $4,251,200.00. Following the sale, the insider now directly owns 17,797,824 shares of the company's stock, valued at $945,776,367.36. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 449,400 shares of company stock worth $23,953,600 over the last ninety days. 38.80% of the stock is currently owned by corporate insiders.
About St. Joe
(
Free Report)
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.
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