Geode Capital Management LLC Raises Stock Holdings in The St. Joe Company (NYSE:JOE)

Geode Capital Management LLC grew its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 906,668 shares of the financial services provider's stock after acquiring an additional 8,031 shares during the quarter. Geode Capital Management LLC owned 1.55% of St. Joe worth $40,746,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in JOE. Arrowstreet Capital Limited Partnership bought a new stake in St. Joe in the fourth quarter worth $400,000. Pictet Asset Management Holding SA lifted its stake in shares of St. Joe by 30.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,521 shares of the financial services provider's stock valued at $248,000 after acquiring an additional 1,300 shares during the last quarter. Norges Bank bought a new stake in shares of St. Joe in the 4th quarter valued at about $4,981,000. JPMorgan Chase & Co. boosted its holdings in St. Joe by 33.0% during the 4th quarter. JPMorgan Chase & Co. now owns 202,911 shares of the financial services provider's stock valued at $9,117,000 after acquiring an additional 50,346 shares during the period. Finally, WINTON GROUP Ltd grew its position in St. Joe by 31.8% during the 4th quarter. WINTON GROUP Ltd now owns 23,452 shares of the financial services provider's stock worth $1,054,000 after acquiring an additional 5,657 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

St. Joe Trading Up 0.9 %

JOE stock traded up $0.40 during midday trading on Friday, hitting $42.63. The company had a trading volume of 157,757 shares, compared to its average volume of 220,226. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 36.13 and a beta of 1.28. 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. The stock's 50 day moving average price is $45.58 and its 200 day moving average price is $48.39.

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

St. Joe Announces Dividend

The firm also recently declared 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. This represents a $0.56 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Monday, March 10th. St. Joe's payout ratio is 44.09%.

Insiders Place Their Bets

In related news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $47.00, for a total transaction of $7,534,100.00. Following the completion of the transaction, the insider now owns 17,000,724 shares in the company, valued at $799,034,028. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 300,000 shares of company stock worth $14,113,022. 38.80% of the stock is currently owned by company 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.