UBS Group AG Lowers Holdings in St. Joe Company (The) $JOE

UBS Group AG reduced its position in St. Joe Company (The) (NYSE:JOE) by 59.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,990 shares of the financial services provider’s stock after selling 58,596 shares during the quarter. UBS Group AG’s holdings in St. Joe were worth $2,374,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of JOE. HRT Financial LP boosted its holdings in shares of St. Joe by 0.7% in the second quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock valued at $1,543,000 after acquiring an additional 213 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 236 shares in the last quarter. State of Alaska Department of Revenue lifted its position in St. Joe by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 23,642 shares of the financial services provider’s stock valued at $1,402,000 after purchasing an additional 326 shares during the period. Cresset Asset Management LLC lifted its position in St. Joe by 8.3% in the third quarter. Cresset Asset Management LLC now owns 4,876 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 373 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in St. Joe by 2.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 19,850 shares of the financial services provider’s stock valued at $982,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Performance

NYSE:JOE opened at $64.23 on Wednesday. The firm’s fifty day simple moving average is $65.90 and its 200-day simple moving average is $64.66. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.72. The stock has a market cap of $3.69 billion, a PE ratio of 33.11 and a beta of 1.31. St. Joe Company has a fifty-two week low of $43.34 and a fifty-two week high of $73.54.

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

St. Joe Dividend Announcement

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

Analysts Set New Price Targets

JOE has been the topic 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 cut St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 29,200 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $65.49, for a total value of $1,912,308.00. Following the sale, the insider owned 15,580,124 shares in the company, valued at $1,020,342,320.76. This represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 555,000 shares of company stock worth $36,918,619. 0.35% of the stock is owned by insiders.

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.