Quantbot Technologies LP grew its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 757.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,492 shares of the financial services provider's stock after acquiring an additional 29,588 shares during the quarter. Quantbot Technologies LP owned 0.06% of St. Joe worth $1,505,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in JOE. Thrivent Financial for Lutherans grew its stake in shares of St. Joe by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 29,808 shares of the financial services provider's stock valued at $1,738,000 after buying an additional 236 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of St. Joe by 8.0% in the third quarter. Arete Wealth Advisors LLC now owns 4,804 shares of the financial services provider's stock worth $279,000 after purchasing an additional 356 shares during the last quarter. Carmel Capital Partners LLC increased its stake in shares of St. Joe by 4.6% in the fourth quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider's stock worth $383,000 after buying an additional 375 shares during the period. Smartleaf Asset Management LLC boosted its position in St. Joe by 277.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock valued at $26,000 after buying an additional 430 shares during the period. Finally, Legacy Capital Group California Inc. grew its holdings in St. Joe by 12.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock worth $220,000 after acquiring an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company's stock.
Insiders Place Their Bets
In other news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total transaction of $136,329.00. Following the transaction, the insider now directly owns 16,940,624 shares of the company's stock, valued at $796,378,734.24. This represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, 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.
St. Joe Trading Down 1.3 %
Shares of St. Joe stock traded down $0.59 during trading on Friday, reaching $46.34. 243,729 shares of the stock were exchanged, compared to its average volume of 214,237. The St. Joe Company has a 1 year low of $42.94 and a 1 year high of $64.69. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 39.27 and a beta of 1.30. 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 stock's fifty day moving average is $47.12 and its 200 day moving average is $50.37.
St. Joe (NYSE:JOE - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 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 was paid on Thursday, March 27th. Shareholders of record on Monday, March 10th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, March 10th. St. Joe's dividend payout ratio (DPR) is presently 44.09%.
St. Joe Company Profile
(
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.
Read More
Before you consider St. Joe, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and St. Joe wasn't on the list.
While St. Joe currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
