St. Joe (NYSE:JOE) Major Shareholder Bruce Berkowitz Sells 1,400 Shares

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 1,400 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $73.50, for a total value of $102,900.00. Following the sale, the insider directly owned 16,094,724 shares of the company’s stock, valued at approximately $1,182,962,214. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Trading Down 1.7%

Shares of NYSE JOE traded down $1.19 during mid-day trading on Friday, hitting $68.87. The stock had a trading volume of 367,984 shares, compared to its average volume of 177,120. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.68 and a current ratio of 2.68. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $73.54. The firm has a market cap of $3.96 billion, a P/E ratio of 34.44 and a beta of 1.30. The business has a 50 day moving average price of $66.54 and a two-hundred day moving average price of $58.44.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. St. Joe had a net margin of 22.52% and a return on equity of 15.23%. The business had revenue of $128.89 million during the quarter.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 9th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 9th. St. Joe’s dividend payout ratio (DPR) is currently 32.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on JOE. Wall Street Zen downgraded St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JOE. Blackhawk Capital Partners LLC bought a new stake in shares of St. Joe in the 3rd quarter valued at about $1,535,000. River Road Asset Management LLC lifted its position in shares of St. Joe by 86.0% in the 2nd quarter. River Road Asset Management LLC now owns 186,830 shares of the financial services provider’s stock worth $9,435,000 after purchasing an additional 86,365 shares during the period. Prospera Financial Services Inc bought a new position in shares of St. Joe during the second quarter valued at approximately $2,224,000. Horizon Kinetics Asset Management LLC increased its holdings in St. Joe by 1.0% during the second quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock valued at $26,516,000 after buying an additional 5,552 shares during the period. Finally, American Century Companies Inc. raised its stake in St. Joe by 182.7% in the second quarter. American Century Companies Inc. now owns 58,227 shares of the financial services provider’s stock worth $2,777,000 after buying an additional 37,632 shares in the last quarter. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.