St. Joe Company (The) $JOE Stock Holdings Lessened by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in St. Joe Company (The) (NYSE:JOE) by 35.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,949 shares of the financial services provider’s stock after selling 8,101 shares during the quarter. Intech Investment Management LLC’s holdings in St. Joe were worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Camelot Portfolios LLC purchased a new stake in shares of St. Joe in the fourth quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its stake in shares of St. Joe by 155.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 397 shares during the last quarter. Quarry LP acquired a new position in shares of St. Joe during the 3rd quarter worth $39,000. Smartleaf Asset Management LLC increased its stake in shares of St. Joe by 31.8% during the 2nd 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 during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of St. Joe by 362.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,120 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 878 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 189,200 shares of St. Joe stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $65.78, for a total value of $12,445,576.00. Following the transaction, the insider owned 15,884,424 shares of the company’s stock, valued at $1,044,877,410.72. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 514,600 shares of company stock valued at $33,993,369 over the last 90 days. Company insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JOE shares. Weiss Ratings lowered shares of St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, St. Joe currently has a consensus rating of “Hold”.

St. Joe Trading Down 0.0%

NYSE:JOE opened at $64.86 on Monday. St. Joe Company has a 12 month low of $45.66 and a 12 month high of $73.54. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 33.43 and a beta of 1.28. 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 company’s 50 day moving average is $65.54 and its 200-day moving average is $64.98.

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

St. Joe Announces Dividend

The company 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 $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe’s dividend payout ratio (DPR) is currently 32.99%.

St. Joe 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.