Victory Capital Management Inc. decreased its holdings in shares of The St. Joe Company (NYSE:JOE - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,886 shares of the financial services provider's stock after selling 6,432 shares during the quarter. Victory Capital Management Inc. owned 0.07% of St. Joe worth $1,747,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in 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 purchased a new stake in shares of St. Joe during the third quarter valued at $35,000. US Bancorp DE grew its holdings in shares of St. Joe by 163.6% in the third quarter. US Bancorp DE now owns 1,128 shares of the financial services provider's stock worth $66,000 after purchasing an additional 700 shares during the last quarter. KBC Group NV increased its stake in St. Joe by 35.8% in the 3rd quarter. KBC Group NV now owns 1,483 shares of the financial services provider's stock worth $86,000 after buying an additional 391 shares during the period. Finally, Legacy Capital Group California Inc. lifted its holdings in 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. Institutional investors own 86.67% of the company's stock.
St. Joe Trading Down 1.9 %
JOE stock traded down $0.88 during mid-day trading on Friday, reaching $45.91. The company had a trading volume of 254,386 shares, compared to its average volume of 206,231. The company has a market capitalization of $2.68 billion, a PE ratio of 38.91 and a beta of 1.30. The firm has a 50 day moving average of $47.10 and a 200 day moving average of $50.75. The St. Joe Company has a 12 month low of $42.94 and a 12 month high of $64.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.
St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter. The company 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%.
St. Joe Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be issued a $0.14 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.22%. St. Joe's payout ratio is currently 44.09%.
Insider Buying and Selling
In other news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $47.00, for a total value of $7,534,100.00. Following the completion of the sale, the insider now owns 17,000,724 shares in the company, valued at approximately $799,034,028. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 300,000 shares of company stock valued at $14,113,022 over the last three months. 38.80% of the stock is owned by company 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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