St. Joe (NYSE:JOE) Major Shareholder Bruce Berkowitz Sells 33,600 Shares

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 33,600 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $65.18, for a total value of $2,190,048.00. Following the transaction, the insider owned 15,487,424 shares in the company, valued at $1,009,470,296.32. The trade was a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Stock Down 0.2%

NYSE JOE traded down $0.12 during midday trading on Monday, hitting $64.75. 186,620 shares of the company traded hands, compared to its average volume of 223,422. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36. The company has a market cap of $3.72 billion, a PE ratio of 33.38 and a beta of 1.28. The company’s 50-day simple moving average is $65.54 and its 200-day simple moving average is $64.98. St. Joe Company has a 52 week low of $45.75 and a 52 week high of $73.54.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. The firm had revenue of $99.04 million during the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.

St. Joe Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. St. Joe’s payout ratio is currently 32.99%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings cut St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 22nd. Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On St. Joe

Institutional investors and hedge funds have recently modified their holdings of the stock. Camelot Portfolios LLC acquired a new position in shares of St. Joe in the 4th quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of St. Joe by 155.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock valued at $31,000 after buying an additional 397 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of St. Joe in the 4th quarter valued at about $32,000. Quarry LP acquired a new position in shares of St. Joe in the 3rd quarter valued at about $39,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of St. Joe by 31.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

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.