The St. Joe Company (NYSE:JOE) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its position in shares of The St. Joe Company (NYSE:JOE - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 675,700 shares of the financial services provider's stock after selling 39,200 shares during the quarter. Gamco Investors INC. ET AL owned approximately 1.16% of St. Joe worth $30,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased 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 valued at $8,896,000 after purchasing an additional 35,600 shares in the last quarter. Accordant Advisory Group Inc increased its holdings in St. Joe by 80.8% in the 4th quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider's stock worth $2,347,000 after acquiring an additional 23,333 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position 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 during the period. Swiss National Bank lifted its holdings in St. Joe by 17.5% during the fourth quarter. Swiss National Bank now owns 80,400 shares of the financial services provider's stock valued at $3,612,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 252,906 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company's stock.

St. Joe Price Performance

NYSE:JOE traded up $0.40 during trading hours on Friday, hitting $42.63. 157,757 shares of the stock were exchanged, compared to its average volume of 220,226. The company has a market cap of $2.48 billion, a P/E ratio of 36.13 and a beta of 1.28. The firm's fifty day moving average price is $45.58 and its 200 day moving average price is $48.46. The St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.

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

St. Joe Dividend Announcement

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

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $47.06, for a total transaction of $1,934,166.00. Following the completion of the sale, the insider now owns 17,310,124 shares of the company's stock, valued at $814,614,435.44. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 300,000 shares of company stock valued at $14,113,022 in the last three months. 38.80% of the stock is currently owned by insiders.

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.