Prudential Financial Inc. lowered its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,576 shares of the financial services provider's stock after selling 7,887 shares during the period. Prudential Financial Inc. owned approximately 0.07% of St. Joe worth $1,733,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in St. Joe by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after buying an additional 252,906 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of St. Joe in the 4th quarter worth approximately $4,657,000. State Street Corp boosted its holdings in shares of St. Joe by 5.7% in the third quarter. State Street Corp now owns 1,396,046 shares of the financial services provider's stock valued at $81,403,000 after acquiring an additional 75,374 shares in the last quarter. Barclays PLC increased its stake in shares of St. Joe by 404.5% during the third quarter. Barclays PLC now owns 64,990 shares of the financial services provider's stock valued at $3,790,000 after acquiring an additional 52,107 shares during the period. Finally, Old West Investment Management LLC raised its holdings in St. Joe by 68.6% during the third quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider's stock worth $7,427,000 after purchasing an additional 51,830 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.
St. Joe Price Performance
NYSE JOE traded up $2.36 on Wednesday, reaching $43.30. 444,408 shares of the stock traded hands, compared to its average volume of 219,138. The St. Joe Company has a 12 month low of $40.00 and a 12 month high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm's fifty day simple moving average is $46.26 and its 200 day simple moving average is $49.25. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 36.70 and a beta of 1.28.
St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 EPS for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The firm had revenue of $104.30 million for the quarter.
St. Joe Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.29%. The ex-dividend date was Monday, March 10th. St. Joe's dividend payout ratio is presently 44.09%.
Insider Buying and Selling
In other news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $47.06, for a total transaction of $1,934,166.00. Following the completion of the sale, the insider now directly owns 17,310,124 shares of the company's stock, valued at $814,614,435.44. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 300,000 shares of company stock worth $14,113,022. Corporate insiders own 38.80% of the company's stock.
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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