Magnetar Financial LLC bought a new stake in The St. Joe Company (NYSE:JOE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,198 shares of the financial services provider's stock, valued at approximately $323,000.
Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in St. Joe by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider's stock worth $1,738,000 after purchasing an additional 236 shares during the last quarter. Arete Wealth Advisors LLC grew its stake in St. Joe by 8.0% during the 3rd quarter. Arete Wealth Advisors LLC now owns 4,804 shares of the financial services provider's stock valued at $279,000 after acquiring an additional 356 shares in the last quarter. Carmel Capital Partners LLC grew its stake 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 valued at $383,000 after acquiring an additional 375 shares in the last quarter. KBC Group NV lifted its stake in St. Joe by 35.8% in the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider's stock worth $86,000 after purchasing an additional 391 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock worth $26,000 after purchasing an additional 430 shares during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.
St. Joe Price Performance
Shares of JOE stock traded down $0.21 during trading hours on Thursday, reaching $46.96. The company had a trading volume of 190,869 shares, compared to its average volume of 206,250. The St. Joe Company has a 12-month low of $42.94 and a 12-month high of $64.69. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 39.79 and a beta of 1.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a fifty day moving average of $47.16 and a 200-day moving average of $50.39.
St. Joe (NYSE:JOE - Get Free Report) last issued its earnings results 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 return on equity of 9.58% and a net margin of 17.76%.
St. Joe Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Monday, March 10th. St. Joe's dividend payout ratio (DPR) is presently 44.09%.
Insider Buying and Selling at St. Joe
In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of St. Joe stock in a transaction that occurred 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 sale, the insider now owns 17,162,524 shares of the company's stock, valued at approximately $808,526,505.64. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 300,000 shares of company stock worth $14,113,022 in the last ninety days. 38.80% of the stock is owned by insiders.
St. Joe Company Profile
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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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