PNC Financial Services Group Inc. increased its stake in shares of The St. Joe Co. (NYSE:JOE) by 563.3% during the second quarter, Holdings Channel reports. The fund owned 5,724 shares of the company’s stock after buying an additional 4,861 shares during the period. PNC Financial Services Group Inc.’s holdings in The St. Joe were worth $101,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in The St. Joe by 8.6% in the first quarter. JPMorgan Chase & Co. now owns 873,209 shares of the company’s stock valued at $14,975,000 after buying an additional 69,484 shares during the last quarter. Bank of Montreal Can bought a new stake in The St. Joe during the second quarter valued at approximately $2,162,000. Swiss National Bank increased its stake in The St. Joe by 1.8% in the second quarter. Swiss National Bank now owns 92,600 shares of the company’s stock valued at $1,641,000 after buying an additional 1,600 shares during the last quarter. SG Americas Securities LLC increased its stake in The St. Joe by 42.5% in the second quarter. SG Americas Securities LLC now owns 37,283 shares of the company’s stock valued at $661,000 after buying an additional 11,128 shares during the last quarter. Finally, Societe Generale bought a new stake in The St. Joe during the second quarter valued at approximately $661,000. 95.02% of the stock is owned by institutional investors.
Shares of The St. Joe Co. (NYSE:JOE) traded up 0.89% during midday trading on Wednesday, reaching $18.23. The company’s stock had a trading volume of 21,064 shares. The firm has a 50-day moving average of $18.59 and a 200-day moving average of $17.79. The stock has a market cap of $1.36 billion, a PE ratio of 134.04 and a beta of 0.81. The St. Joe Co. has a one year low of $14.27 and a one year high of $21.54.
The St. Joe (NYSE:JOE) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The St. Joe had a return on equity of 0.25% and a net margin of 10.94%. On average, analysts forecast that The St. Joe Co. will post $0.15 EPS for the current year.
Separately, Zacks Investment Research downgraded The St. Joe from a “buy” rating to a “hold” rating in a report on Thursday, July 28th.
The St. Joe Company Profile
The St. Joe Company is a real estate development and operating company, asset management and operating company with real estate assets and operations concentrated primarily between Tallahassee and Destin, Florida. The Company has residential and commercial land-use entitlements in hand or in process.
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