Stonegate Investment Group LLC purchased a new position in shares of The St. Joe Company (NYSE:JOE – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,472 shares of the financial services provider’s stock, valued at approximately $805,000.
A number of other institutional investors also recently modified their holdings of JOE. First Trust Advisors LP acquired a new stake in St. Joe in the first quarter valued at approximately $1,955,000. Morgan Stanley boosted its position in St. Joe by 30.4% in the second quarter. Morgan Stanley now owns 360,843 shares of the financial services provider’s stock valued at $16,098,000 after buying an additional 84,069 shares in the last quarter. Deutsche Bank AG boosted its position in St. Joe by 27.0% in the third quarter. Deutsche Bank AG now owns 28,558 shares of the financial services provider’s stock valued at $1,202,000 after buying an additional 6,078 shares in the last quarter. TD Asset Management Inc. acquired a new stake in St. Joe in the third quarter valued at approximately $286,000. Finally, Principal Financial Group Inc. boosted its position in St. Joe by 4.4% in the third quarter. Principal Financial Group Inc. now owns 315,015 shares of the financial services provider’s stock valued at $13,262,000 after buying an additional 13,174 shares in the last quarter. Hedge funds and other institutional investors own 87.58% of the company’s stock.
In related news, Director Bruce R. Berkowitz sold 70,700 shares of St. Joe stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $57.26, for a total transaction of $4,048,282.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jorge Luis Gonzalez bought 1,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average cost of $46.15 per share, with a total value of $46,150.00. Following the purchase, the chief executive officer now directly owns 33,642 shares of the company’s stock, valued at $1,552,578.30. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 319,600 shares of company stock worth $17,904,187. 42.00% of the stock is owned by company insiders.
Shares of NYSE:JOE traded up $1.35 during mid-day trading on Tuesday, reaching $49.82. 1,471 shares of the company’s stock were exchanged, compared to its average volume of 230,188. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 33.66 and a beta of 1.10. The business’s fifty day moving average price is $55.40 and its 200-day moving average price is $51.88. The St. Joe Company has a twelve month low of $39.80 and a twelve month high of $62.21.
St. Joe (NYSE:JOE – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.23 EPS for the quarter. The company had revenue of $64.90 million for the quarter. St. Joe had a net margin of 29.16% and a return on equity of 13.83%.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 9th. Stockholders of record on Wednesday, May 11th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. St. Joe’s dividend payout ratio (DPR) is presently 27.78%.
St. Joe Profile (Get Rating)
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 plans and develops residential communities of various sizes for homebuilders or retail consumers.
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