Horizon Kinetics Asset Management LLC grew its holdings in The St. Joe Company (NYSE:JOE - Free Report) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 564,202 shares of the financial services provider's stock after purchasing an additional 40,354 shares during the period. Horizon Kinetics Asset Management LLC owned about 0.97% of St. Joe worth $25,350,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in JOE. Smartleaf Asset Management LLC boosted its position in St. Joe by 277.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 430 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of St. Joe during the 3rd quarter worth about $35,000. US Bancorp DE lifted its holdings in shares of St. Joe by 163.6% during the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider's stock valued at $66,000 after buying an additional 700 shares during the last quarter. Campbell Capital Management Inc. bought a new stake in shares of St. Joe in the 4th quarter valued at approximately $67,000. Finally, KBC Group NV increased its holdings in St. Joe by 35.8% in the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider's stock worth $86,000 after buying an additional 391 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.
St. Joe Stock Down 1.9 %
NYSE JOE traded down $0.88 during trading on Friday, reaching $45.91. The company's stock had a trading volume of 536,798 shares, compared to its average volume of 206,316. 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 has a market capitalization of $2.68 billion, a PE ratio of 38.91 and a beta of 1.30. The St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69. The business has a 50-day moving average price of $47.10 and a 200-day moving average price of $50.75.
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 (EPS) for the quarter. The business 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, March 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.22%. St. Joe's dividend payout ratio (DPR) is presently 44.09%.
Insider Activity
In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the completion of the sale, the insider now directly owns 17,162,524 shares of the company's stock, valued at approximately $808,526,505.64. This represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 300,000 shares of company stock valued at $14,113,022. 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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