Principal Financial Group Inc. boosted its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,066 shares of the financial services provider's stock after buying an additional 5,411 shares during the quarter. Principal Financial Group Inc. owned 0.32% of St. Joe worth $8,315,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JOE. JPMorgan Chase & Co. raised its stake in shares of St. Joe by 30.4% in the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider's stock valued at $8,896,000 after acquiring an additional 35,600 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in St. Joe in the 3rd quarter valued at about $680,000. Los Angeles Capital Management LLC purchased a new position in shares of St. Joe in the 3rd quarter valued at about $1,237,000. Citigroup Inc. increased its stake in shares of St. Joe by 130.5% during the third quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider's stock worth $3,938,000 after buying an additional 38,243 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in St. Joe by 66.8% in the third quarter. Victory Capital Management Inc. now owns 45,318 shares of the financial services provider's stock worth $2,642,000 after acquiring an additional 18,150 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company's stock.
St. Joe Stock Up 0.3 %
Shares of JOE traded up $0.16 during midday trading on Wednesday, reaching $47.13. The stock had a trading volume of 232,954 shares, compared to its average volume of 233,406. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 39.94 and a beta of 1.28. The company's fifty day simple moving average is $46.79 and its two-hundred day simple moving average is $51.74. The St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.
St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The company 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Monday, March 10th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Monday, March 10th. St. Joe's payout ratio is currently 44.09%.
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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