Swiss National Bank raised its position in shares of The St. Joe Company (NYSE:JOE - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,400 shares of the financial services provider's stock after purchasing an additional 12,000 shares during the period. Swiss National Bank owned about 0.14% of St. Joe worth $3,612,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in St. Joe during the 4th quarter valued at $4,657,000. State Street Corp boosted its position in St. Joe by 5.7% during the third quarter. State Street Corp now owns 1,396,046 shares of the financial services provider's stock valued at $81,403,000 after purchasing an additional 75,374 shares in the last quarter. Barclays PLC grew its stake in St. Joe by 404.5% in the third quarter. Barclays PLC now owns 64,990 shares of the financial services provider's stock valued at $3,790,000 after purchasing an additional 52,107 shares during the last quarter. Old West Investment Management LLC raised its holdings in St. Joe by 68.6% in the third quarter. Old West Investment Management LLC now owns 127,374 shares of the financial services provider's stock worth $7,427,000 after purchasing an additional 51,830 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of St. Joe by 279.2% during the third quarter. Edgestream Partners L.P. now owns 68,059 shares of the financial services provider's stock valued at $3,969,000 after buying an additional 50,112 shares during the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
St. Joe Stock Down 1.3 %
Shares of NYSE:JOE traded down $0.59 during trading on Friday, reaching $46.34. The stock had a trading volume of 243,729 shares, compared to its average volume of 214,237. The firm's 50-day simple moving average is $47.09 and its 200 day simple moving average is $50.24. 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 one year low of $42.94 and a one year high of $64.69. The company has a market capitalization of $2.70 billion, a P/E ratio of 39.27 and a beta of 1.30.
St. Joe (NYSE:JOE - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The business had revenue of $104.30 million for the quarter.
St. Joe Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Monday, March 10th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis 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 related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the completion of the transaction, the insider now directly owns 17,162,524 shares of the company's stock, valued at $808,526,505.64. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders 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 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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