JPMorgan Chase & Co. Buys 35,600 Shares of The St. Joe Company (NYSE:JOE)

JPMorgan Chase & Co. boosted its holdings in The St. Joe Company (NYSE:JOE - Free Report) by 30.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,565 shares of the financial services provider's stock after acquiring an additional 35,600 shares during the period. JPMorgan Chase & Co. owned about 0.26% of St. Joe worth $8,896,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new position in St. Joe in the 3rd quarter worth about $35,000. Quest Partners LLC grew its holdings in St. Joe by 72,300.0% in the 2nd quarter. Quest Partners LLC now owns 724 shares of the financial services provider's stock worth $40,000 after buying an additional 723 shares in the last quarter. Blue Trust Inc. increased its position in St. Joe by 549.1% in the 3rd quarter. Blue Trust Inc. now owns 727 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 615 shares during the period. EverSource Wealth Advisors LLC raised its stake in St. Joe by 86.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,101 shares of the financial services provider's stock valued at $60,000 after acquiring an additional 512 shares in the last quarter. Finally, US Bancorp DE boosted its position in St. Joe by 163.6% during the 3rd quarter. US Bancorp DE now owns 1,128 shares of the financial services provider's stock worth $66,000 after acquiring an additional 700 shares during the period. 86.67% of the stock is owned by institutional investors.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 11,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $53.12, for a total value of $584,320.00. Following the completion of the sale, the insider now owns 17,785,024 shares in the company, valued at $944,740,474.88. This represents a 0.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jorge Luis Gonzalez acquired 1,695 shares of St. Joe stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average cost of $53.05 per share, with a total value of $89,919.75. Following the transaction, the chief executive officer now owns 60,093 shares of the company's stock, valued at approximately $3,187,933.65. The trade was a 2.90 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 449,400 shares of company stock valued at $23,953,600 in the last quarter. Insiders own 38.80% of the company's stock.

St. Joe Stock Performance

Shares of JOE traded up $1.01 during trading hours on Tuesday, reaching $46.75. 379,964 shares of the company's stock traded hands, compared to its average volume of 315,570. The business's fifty day simple moving average is $48.00 and its two-hundred day simple moving average is $54.42. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 39.62 and a beta of 1.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The St. Joe Company has a twelve month low of $42.94 and a twelve month high of $64.69.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 7th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 1.20%. St. Joe's dividend payout ratio is currently 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.