Callan Family Office LLC Acquires 957 Shares of St. Joe Company (The) $JOE

Callan Family Office LLC raised its holdings in St. Joe Company (The) (NYSE:JOEFree Report) by 14.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,730 shares of the financial services provider’s stock after buying an additional 957 shares during the period. Callan Family Office LLC’s holdings in St. Joe were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new position in shares of St. Joe during the first quarter valued at about $263,000. SG Americas Securities LLC bought a new position in shares of St. Joe during the first quarter valued at about $475,000. Principal Financial Group Inc. lifted its position in shares of St. Joe by 2.3% during the first quarter. Principal Financial Group Inc. now owns 189,390 shares of the financial services provider’s stock valued at $8,892,000 after purchasing an additional 4,324 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of St. Joe during the second quarter valued at about $547,000. Finally, Teacher Retirement System of Texas bought a new position in shares of St. Joe during the first quarter valued at about $281,000. 86.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of St. Joe in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Read Our Latest Analysis on St. Joe

St. Joe Stock Performance

NYSE JOE opened at $48.62 on Thursday. The company has a market capitalization of $2.82 billion, a PE ratio of 34.24 and a beta of 1.31. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. The company has a 50-day simple moving average of $49.95 and a 200 day simple moving average of $47.53. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $60.36.

St. Joe (NYSE:JOEGet Free Report) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. The firm had revenue of $129.10 million during the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a $0.14 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. St. Joe’s dividend payout ratio (DPR) is presently 39.44%.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 167,500 shares of St. Joe stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.44, for a total value of $8,616,200.00. Following the completion of the transaction, the insider owned 16,634,024 shares in the company, valued at $855,654,194.56. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 616,000 shares of company stock valued at $31,340,145 in the last three months. 0.32% of the stock is owned by company insiders.

St. Joe Company Profile

(Free Report)

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.

See Also

Institutional Ownership by Quarter for St. Joe (NYSE:JOE)

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