Fmr LLC Sells 56,688 Shares of The St. Joe Company (NYSE:JOE)

FMR LLC reduced its holdings in The St. Joe Company (NYSE:JOE - Free Report) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,121,413 shares of the financial services provider's stock after selling 56,688 shares during the quarter. FMR LLC owned 1.92% of St. Joe worth $65,390,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JOE. Arizona State Retirement System increased its stake in St. Joe by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 9,805 shares of the financial services provider's stock worth $536,000 after purchasing an additional 180 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of St. Joe by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 31,348 shares of the financial services provider's stock worth $1,715,000 after acquiring an additional 185 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of St. Joe by 0.8% in the third quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider's stock worth $1,738,000 after purchasing an additional 236 shares in the last quarter. Amalgamated Bank boosted its holdings in St. Joe by 2.3% during the third quarter. Amalgamated Bank now owns 11,090 shares of the financial services provider's stock worth $647,000 after purchasing an additional 246 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of St. Joe by 4.4% in the 2nd quarter. Hsbc Holdings PLC now owns 6,478 shares of the financial services provider's stock valued at $349,000 after acquiring an additional 274 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jorge Luis Gonzalez acquired 1,695 shares of the company's stock in a transaction dated Friday, October 25th. The shares were bought at an average cost of $53.05 per share, with a total value of $89,919.75. Following the completion of the transaction, the chief executive officer now directly owns 60,093 shares of the company's stock, valued at $3,187,933.65. This trade represents a 2.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Bruce R. Berkowitz sold 343,400 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $53.45, for a total transaction of $18,354,730.00. Following the completion of the transaction, the insider now directly owns 17,396,624 shares in the company, valued at $929,849,552.80. The trade was a 1.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 449,400 shares of company stock valued at $23,953,600 over the last three months. Insiders own 38.80% of the company's stock.

St. Joe Stock Down 1.2 %

JOE traded down $0.60 on Friday, hitting $48.29. 304,059 shares of the company were exchanged, compared to its average volume of 288,358. The St. Joe Company has a 12 month low of $48.08 and a 12 month high of $64.69. The company has a market cap of $2.82 billion, a PE ratio of 40.92 and a beta of 1.25. The stock's fifty day moving average is $53.73 and its 200-day moving average is $56.14. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34.

St. Joe Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.16%. St. Joe's dividend payout ratio is 47.46%.

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.