St. Joe (NYSE:JOE) Major Shareholder Sells $1,985,550.00 in Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 30,500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $65.10, for a total value of $1,985,550.00. Following the completion of the sale, the insider directly owned 15,427,924 shares of the company’s stock, valued at approximately $1,004,357,852.40. This trade represents a 0.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

St. Joe Stock Performance

Shares of St. Joe stock opened at $65.03 on Friday. The stock has a market cap of $3.73 billion, a PE ratio of 33.52 and a beta of 1.28. The business has a fifty day simple moving average of $65.80 and a 200-day simple moving average of $65.22. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. St. Joe Company has a 12 month low of $45.75 and a 12 month high of $73.54.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, April 29th. The financial services provider reported $0.24 EPS for the quarter. The business 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, June 9th. St. Joe’s dividend payout ratio (DPR) is 32.99%.

Hedge Funds Weigh In On St. Joe

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its position in St. Joe by 138.2% during the fourth quarter. SG Americas Securities LLC now owns 38,860 shares of the financial services provider’s stock worth $2,307,000 after buying an additional 22,547 shares in the last quarter. Elo Mutual Pension Insurance Co acquired a new stake in St. Joe during the third quarter worth about $947,000. Horizon Investments LLC acquired a new stake in St. Joe during the fourth quarter worth about $1,653,000. Vanguard Group Inc. grew its position in St. Joe by 3.1% during the third 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 in the last quarter. Finally, Victory Capital Management Inc. grew its position in St. Joe by 54.7% during the third quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock worth $20,160,000 after buying an additional 144,121 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JOE has been the subject of several recent analyst reports. Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings lowered St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, St. Joe presently has a consensus rating of “Hold”.

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.