St. Joe (NYSE:JOE – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.24 EPS for the quarter, FiscalAI reports. The firm had revenue of $99.04 million for the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.
St. Joe Stock Down 2.7%
Shares of JOE stock traded down $1.94 during mid-day trading on Wednesday, reaching $69.02. 161,200 shares of the company were exchanged, compared to its average volume of 216,877. St. Joe has a fifty-two week low of $41.42 and a fifty-two week high of $73.54. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.68 and a current ratio of 2.68. The company has a market capitalization of $3.97 billion, a P/E ratio of 34.51 and a beta of 1.39. The business’s 50 day simple moving average is $68.01 and its 200 day simple moving average is $63.01.
St. Joe Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 9th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, March 9th. St. Joe’s dividend payout ratio is 32.00%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on St. Joe
Insider Buying and Selling
In other St. Joe news, major shareholder Bruce R. Berkowitz sold 21,100 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $72.22, for a total transaction of $1,523,842.00. Following the completion of the transaction, the insider directly owned 16,073,624 shares of the company’s stock, valued at $1,160,837,125.28. This trade represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 77,500 shares of company stock worth $5,588,638. Corporate insiders own 0.35% of the company’s stock.
Hedge Funds Weigh In On St. Joe
Large investors have recently modified their holdings of the stock. Nitor Capital Management LLC bought a new stake in St. Joe in the fourth quarter valued at about $31,789,000. Vanguard Group Inc. lifted its holdings in St. Joe by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after buying an additional 179,877 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of St. Joe by 54.7% in the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock worth $20,160,000 after acquiring an additional 144,121 shares in the last quarter. Select Equity Group L.P. bought a new stake in shares of St. Joe in the 2nd quarter valued at approximately $6,347,000. Finally, Janus Henderson Group PLC raised its position in shares of St. Joe by 668.3% during the 4th quarter. Janus Henderson Group PLC now owns 139,947 shares of the financial services provider’s stock valued at $8,310,000 after acquiring an additional 121,733 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.
About St. Joe
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.
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