Insider Selling: St. Joe (NYSE:JOE) Major Shareholder Sells $3,846,819.00 in Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 59,100 shares of St. Joe stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $65.09, for a total transaction of $3,846,819.00. Following the sale, the insider directly owned 15,521,024 shares of the company’s stock, valued at $1,010,263,452.16. This represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

St. Joe Trading Down 0.2%

JOE traded down $0.12 during trading on Monday, reaching $64.75. 186,620 shares of the company’s stock were exchanged, compared to its average volume of 223,422. The company’s fifty day moving average price is $65.54 and its 200-day moving average price is $64.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.36 and a current ratio of 2.36. St. Joe Company has a fifty-two week low of $45.75 and a fifty-two week high of $73.54. The firm has a market capitalization of $3.72 billion, a PE ratio of 33.38 and a beta of 1.28.

St. Joe (NYSE:JOE) last released its 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 firm had revenue of $99.04 million during the quarter.

St. Joe Dividend Announcement

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

Institutional Investors Weigh In On St. Joe

Hedge funds have recently modified their holdings of the business. Nitor Capital Management LLC acquired a new stake in shares of St. Joe in the 4th quarter valued at about $31,789,000. Vanguard Group Inc. raised its position in St. Joe by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock valued at $294,866,000 after buying an additional 179,877 shares during the last quarter. Victory Capital Management Inc. lifted its stake in 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 valued at $20,160,000 after acquiring an additional 144,121 shares in the last quarter. Select Equity Group L.P. acquired a new position in St. Joe during the 2nd quarter worth approximately $6,347,000. Finally, Janus Henderson Group PLC grew its stake 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 worth $8,310,000 after acquiring an additional 121,733 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JOE shares. Wall Street Zen cut St. Joe from a “buy” rating to a “hold” rating in a 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, May 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

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.