Bruce R. Berkowitz Sells 2,900 Shares of The St. Joe Company (NYSE:JOE) Stock

The St. Joe Company (NYSE:JOE - Get Free Report) major shareholder Bruce R. Berkowitz sold 2,900 shares of the company's 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 sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

St. Joe Stock Performance

Shares of NYSE JOE traded up $0.94 during midday trading on Monday, reaching $46.90. The company's stock had a trading volume of 251,926 shares, compared to its average volume of 206,130. The stock has a market capitalization of $2.74 billion, a P/E ratio of 39.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a 50 day moving average price of $47.17 and a 200-day moving average price of $50.49. The St. Joe Company has a 12-month low of $42.94 and a 12-month high of $64.69.

St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share for the quarter. The business had revenue of $104.30 million for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%.

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St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, March 10th. This represents a $0.56 annualized dividend and a yield of 1.19%. St. Joe's payout ratio is currently 44.09%.

Institutional Trading of St. Joe

A number of large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its position in shares of St. Joe by 277.4% during the 4th 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 period. Point72 Hong Kong Ltd bought a new stake in shares of St. Joe in the 3rd quarter worth approximately $35,000. Lazard Asset Management LLC purchased a new position in St. Joe in the fourth quarter valued at approximately $38,000. Campbell Capital Management Inc. bought a new position in St. Joe during the fourth quarter valued at $67,000. Finally, KBC Group NV grew its holdings in St. Joe by 35.8% during the third quarter. KBC Group NV now owns 1,483 shares of the financial services provider's stock valued at $86,000 after purchasing an additional 391 shares during the period. Hedge funds and other institutional investors own 86.67% 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.