Russell Investments Group Ltd. Sells 10,260 Shares of The St. Joe Company (NYSE:JOE)

Russell Investments Group Ltd. trimmed its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,101 shares of the financial services provider's stock after selling 10,260 shares during the quarter. Russell Investments Group Ltd.'s holdings in St. Joe were worth $1,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in St. Joe by 277.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 430 shares during the last quarter. Campbell Capital Management Inc. bought a new position in shares of St. Joe during the 4th quarter valued at about $67,000. KBC Group NV raised its holdings in shares of St. Joe by 38.8% during the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock valued at $93,000 after buying an additional 576 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of St. Joe by 12.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock valued at $220,000 after buying an additional 540 shares in the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in St. Joe by 5.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider's stock worth $226,000 after buying an additional 243 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

Insider Activity at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $47.06, for a total value of $1,934,166.00. Following the completion of the sale, the insider now owns 17,310,124 shares in the company, valued at approximately $814,614,435.44. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 300,000 shares of company stock worth $14,113,022 in the last ninety days. 38.80% of the stock is owned by company insiders.

St. Joe Price Performance

Shares of JOE stock traded down $0.13 during trading hours on Friday, hitting $42.00. 38,716 shares of the company's stock were exchanged, compared to its average volume of 220,865. The company has a market capitalization of $2.45 billion, a PE ratio of 35.59 and a beta of 1.28. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 12-month low of $40.19 and a 12-month high of $64.69. The business's 50 day simple moving average is $45.11 and its 200-day simple moving average is $48.07.

St. Joe (NYSE:JOE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. The company had revenue of $94.20 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe's dividend payout ratio (DPR) is presently 44.09%.

St. Joe Profile

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.