Independent Advisor Alliance Makes New $343,000 Investment in The St. Joe Company (NYSE:JOE)

Independent Advisor Alliance acquired a new stake in The St. Joe Company (NYSE:JOE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,638 shares of the financial services provider's stock, valued at approximately $343,000.

Several other large investors also recently modified their holdings of the stock. AlphaQuest LLC grew its stake in shares of St. Joe by 5,718.4% in the 4th quarter. AlphaQuest LLC now owns 28,743 shares of the financial services provider's stock valued at $1,291,000 after purchasing an additional 28,249 shares during the period. Callan Family Office LLC bought a new stake in St. Joe during the 4th quarter worth approximately $303,000. Carmel Capital Partners LLC grew its position in St. Joe by 4.6% during the 4th quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider's stock worth $383,000 after acquiring an additional 375 shares during the last quarter. Inceptionr LLC bought a new stake in St. Joe during the 4th quarter worth approximately $337,000. Finally, Raymond James Financial Inc. bought a new stake in St. Joe during the 4th quarter worth approximately $4,657,000. 86.67% of the stock is currently owned by institutional investors.

St. Joe Price Performance

NYSE JOE traded down $0.88 during trading hours on Friday, reaching $45.91. 536,798 shares of the company's stock were exchanged, compared to its average volume of 205,931. The stock has a market cap of $2.68 billion, a PE ratio of 38.91 and a beta of 1.30. The St. Joe Company has a one year low of $42.94 and a one year high of $64.69. The firm has a fifty day moving average of $47.15 and a 200-day moving average of $50.65. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85.

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

St. Joe Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.22%. The ex-dividend date is Monday, March 10th. St. Joe's dividend payout ratio is 44.09%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the transaction, the insider now 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 can be accessed through the SEC website. In the last quarter, insiders have sold 300,000 shares of company stock valued at $14,113,022. 38.80% of the stock is currently owned by corporate 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.