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

The St. Joe Company (NYSE:JOE) major shareholder Bruce R. Berkowitz sold 2,900 shares of the business’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 transaction, the insider now owns 16,940,624 shares in the company, valued at approximately $796,378,734.24. This trade represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

St. Joe Stock Down 0.1 %

St. Joe stock opened at $46.79 on Friday. The St. Joe Company has a 1-year low of $42.94 and a 1-year high of $64.69. The firm has a 50 day simple moving average of $47.10 and a 200 day simple moving average of $50.75. 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 firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 39.66 and a beta of 1.30.

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

St. Joe Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Monday, March 10th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.20%. St. Joe’s payout ratio is 44.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of St. Joe by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock valued at $278,449,000 after purchasing an additional 252,906 shares in the last quarter. State Street Corp lifted its stake in shares of St. Joe by 5.7% in the 3rd quarter. State Street Corp now owns 1,396,046 shares of the financial services provider’s stock valued at $81,403,000 after acquiring an additional 75,374 shares during the last quarter. Geode Capital Management LLC boosted its holdings in St. Joe by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider’s stock valued at $40,746,000 after acquiring an additional 8,031 shares during the period. Horizon Kinetics Asset Management LLC grew its position in St. Joe by 7.7% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 564,202 shares of the financial services provider’s stock worth $25,350,000 after acquiring an additional 40,354 shares during the last quarter. Finally, Northern Trust Corp increased its stake in St. Joe by 7.4% in the 4th quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider’s stock worth $19,512,000 after purchasing an additional 29,918 shares during the period. 86.67% of the stock is currently owned by institutional investors.

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.