Vanguard Group Inc. Boosts Holdings in The St. Joe Company (NYSE:JOE)

Vanguard Group Inc. grew its holdings in The St. Joe Company (NYSE:JOE - Free Report) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,197,402 shares of the financial services provider's stock after buying an additional 252,906 shares during the period. Vanguard Group Inc. owned 10.61% of St. Joe worth $278,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC raised its holdings in St. Joe by 277.4% in 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 last quarter. Campbell Capital Management Inc. purchased a new stake in shares of St. Joe in the fourth quarter valued at approximately $67,000. KBC Group NV increased its holdings in shares of St. Joe by 38.8% in the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider's stock valued at $93,000 after purchasing an additional 576 shares during the last quarter. Legacy Capital Group California Inc. lifted its position in St. Joe by 12.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider's stock worth $220,000 after buying an additional 540 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in St. Joe during the third quarter worth $237,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $47.11, for a total value of $4,508,427.00. Following the transaction, the insider now owns 17,162,524 shares of the company's stock, valued at $808,526,505.64. This represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 300,000 shares of company stock worth $14,113,022. Company insiders own 38.80% of the company's stock.

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St. Joe Trading Up 5.8 %

Shares of JOE traded up $2.36 during midday trading on Wednesday, reaching $43.30. The company had a trading volume of 444,408 shares, compared to its average volume of 219,138. The St. Joe Company has a 1-year low of $40.00 and a 1-year high of $64.69. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The firm has a 50 day simple moving average of $46.26 and a 200-day simple moving average of $49.25. The stock has a market cap of $2.53 billion, a PE ratio of 36.70 and a beta of 1.28.

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

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Monday, March 10th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Monday, March 10th. St. Joe's dividend payout ratio is presently 44.09%.

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.