Raymond James Financial Inc. acquired a new position in The St. Joe Company (NYSE:JOE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 103,639 shares of the financial services provider's stock, valued at approximately $4,657,000. Raymond James Financial Inc. owned about 0.18% of St. Joe at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in St. Joe by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider's stock valued at $8,896,000 after buying an additional 35,600 shares during the period. Accordant Advisory Group Inc grew its position in shares of St. Joe by 80.8% during the 4th quarter. Accordant Advisory Group Inc now owns 52,227 shares of the financial services provider's stock valued at $2,347,000 after acquiring an additional 23,333 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of St. Joe by 108.4% during 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 during the last quarter. Swiss National Bank raised its holdings in shares of St. Joe by 17.5% in the 4th quarter. Swiss National Bank now owns 80,400 shares of the financial services provider's stock worth $3,612,000 after purchasing an additional 12,000 shares during the period. Finally, Vanguard Group Inc. lifted its stake in St. Joe by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider's stock valued at $278,449,000 after purchasing an additional 252,906 shares during the last quarter. Institutional investors own 86.67% of the company's stock.
Insider Transactions at St. Joe
In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of St. Joe stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $47.01, for a total transaction of $136,329.00. Following the completion of the transaction, the insider now owns 16,940,624 shares of the company's stock, valued at $796,378,734.24. The trade was a 0.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 300,000 shares of company stock valued at $14,113,022 over the last three months. Company insiders own 38.80% of the company's stock.
St. Joe Stock Performance
NYSE:JOE traded down $0.19 during trading hours on Tuesday, reaching $42.47. The stock had a trading volume of 206,948 shares, compared to its average volume of 221,112. The stock has a market cap of $2.47 billion, a P/E ratio of 35.99 and a beta of 1.28. The stock has a 50 day simple moving average of $44.90 and a 200 day simple moving average of $47.71. 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 St. Joe Company has a 12-month low of $40.19 and a 12-month high of $64.69.
St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $94.20 million for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.
St. Joe Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.32%. St. Joe's dividend payout ratio is currently 42.11%.
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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