Charles Schwab Investment Management Inc. boosted its position in The St. Joe Company (NYSE:JOE - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 364,559 shares of the financial services provider's stock after buying an additional 6,904 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.62% of St. Joe worth $16,380,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of JOE. Steward Partners Investment Advisory LLC boosted its stake in St. Joe by 108.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider's stock worth $508,000 after acquiring an additional 5,875 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock valued at $26,000 after buying an additional 430 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of St. Joe in the 4th quarter valued at about $589,000. Illinois Municipal Retirement Fund raised its stake in St. Joe by 14.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 21,769 shares of the financial services provider's stock worth $978,000 after buying an additional 2,694 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in St. Joe by 4.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 22,117 shares of the financial services provider's stock worth $994,000 after acquiring an additional 901 shares in the last quarter. Institutional investors own 86.67% of the company's stock.
St. Joe Stock Up 2.1 %
Shares of NYSE JOE traded up $0.94 during midday trading on Monday, hitting $46.90. 251,926 shares of the stock traded hands, compared to its average volume of 206,130. The St. Joe Company has a one year low of $42.94 and a one year high of $64.69. The business has a 50 day moving average price of $47.15 and a two-hundred day moving average price of $50.56. 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 market cap of $2.74 billion, a PE ratio of 39.75 and a beta of 1.30.
St. Joe (NYSE:JOE - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share 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. Investors of record on Monday, March 10th will be given a $0.14 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.56 annualized dividend and a yield of 1.19%. St. Joe's payout ratio is 44.09%.
Insiders Place Their Bets
In related news, major shareholder Bruce R. Berkowitz sold 2,900 shares of St. Joe stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total transaction of $136,329.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 300,000 shares of company stock valued at $14,113,022. Corporate insiders own 38.80% of the company's stock.
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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