Raymond James Financial Inc. acquired a new stake in shares of The St. Joe Company (NYSE:JOE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 103,639 shares of the financial services provider's stock, valued at approximately $4,657,000. Raymond James Financial Inc. owned 0.18% of St. Joe at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in JOE. Arizona State Retirement System raised its stake in St. Joe by 17.6% during the 4th quarter. Arizona State Retirement System now owns 11,863 shares of the financial services provider's stock worth $533,000 after buying an additional 1,774 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of St. Joe during the fourth quarter valued at approximately $589,000. Charles Schwab Investment Management Inc. raised its position in shares of St. Joe by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 364,559 shares of the financial services provider's stock worth $16,380,000 after purchasing an additional 6,904 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of St. Joe by 108.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider's stock worth $508,000 after purchasing an additional 5,875 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in St. Joe by 277.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 430 shares during the period. Institutional investors own 86.67% of the company's stock.
St. Joe Stock Down 1.3 %
JOE traded down $0.59 during trading on Friday, hitting $46.34. 243,729 shares of the company's stock were exchanged, compared to its average volume of 214,237. The St. Joe Company has a fifty-two week low of $42.94 and a fifty-two week high of $64.69. The stock has a market cap of $2.70 billion, a P/E ratio of 39.27 and a beta of 1.30. The business's 50 day moving average is $47.09 and its two-hundred day moving average is $50.24. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85.
St. Joe (NYSE:JOE - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The company had revenue of $104.30 million for the quarter.
St. Joe Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Monday, March 10th. St. Joe's dividend payout ratio (DPR) is presently 44.09%.
Insiders Place Their Bets
In other news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total value of $136,329.00. Following the transaction, the insider now owns 16,940,624 shares in the company, valued at $796,378,734.24. The trade was a 0.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 300,000 shares of company stock valued at $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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