The St. Joe Company (NYSE:JOE) Shares Purchased by State Street Corp

State Street Corp increased its holdings in The St. Joe Company (NYSE:JOE - Free Report) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,396,046 shares of the financial services provider's stock after purchasing an additional 75,374 shares during the quarter. State Street Corp owned 2.39% of St. Joe worth $81,403,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of St. Joe during the 3rd quarter valued at about $680,000. Los Angeles Capital Management LLC bought a new position in St. Joe during the 3rd quarter worth about $1,237,000. Algert Global LLC lifted its position in shares of St. Joe by 9.4% in the second quarter. Algert Global LLC now owns 134,851 shares of the financial services provider's stock worth $7,376,000 after purchasing an additional 11,592 shares in the last quarter. Citigroup Inc. boosted its position in St. Joe by 130.5% during the third quarter. Citigroup Inc. now owns 67,539 shares of the financial services provider's stock valued at $3,938,000 after purchasing an additional 38,243 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of St. Joe by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 357,655 shares of the financial services provider's stock valued at $20,855,000 after acquiring an additional 22,187 shares during the period. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Stock Performance

NYSE JOE traded down $0.87 during trading on Tuesday, reaching $46.46. The company's stock had a trading volume of 343,698 shares, compared to its average volume of 193,895. 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 $46.21 and a 12 month high of $64.69. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 39.37 and a beta of 1.25. The firm has a 50 day moving average price of $52.25 and a 200 day moving average price of $55.70.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 7th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.21%. St. Joe's dividend payout ratio (DPR) is presently 47.46%.

Insider Transactions at St. Joe

In other news, CEO Jorge Luis Gonzalez acquired 1,695 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The stock was bought at an average cost of $53.05 per share, for a total transaction of $89,919.75. Following the acquisition, the chief executive officer now directly owns 60,093 shares in the company, valued at approximately $3,187,933.65. The trade was a 2.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Bruce R. Berkowitz sold 343,400 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $53.45, for a total value of $18,354,730.00. Following the sale, the insider now owns 17,396,624 shares of the company's stock, valued at approximately $929,849,552.80. This trade represents a 1.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,400 shares of company stock valued at $23,953,600 over the last three months. Corporate insiders own 38.80% of the company's stock.

About St. Joe

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.