Squarepoint Ops LLC Takes $898,000 Position in St. Joe Company (The) $JOE

Squarepoint Ops LLC acquired a new position in shares of St. Joe Company (The) (NYSE:JOE) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,333 shares of the financial services provider’s stock, valued at approximately $898,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JOE. State of Wyoming purchased a new stake in St. Joe during the second quarter worth $26,000. EverSource Wealth Advisors LLC raised its holdings in St. Joe by 39.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 679 shares of the financial services provider’s stock valued at $40,000 after buying an additional 193 shares during the period. Aberdeen Wealth Management LLC acquired a new stake in St. Joe in the 2nd quarter valued at approximately $51,000. New Age Alpha Advisors LLC acquired a new stake in shares of St. Joe in the fourth quarter valued at $109,000. Finally, Nykredit A S acquired a new position in shares of St. Joe in the second quarter worth $158,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Stock Down 0.2%

Shares of St. Joe stock opened at $63.77 on Friday. St. Joe Company has a 1-year low of $46.37 and a 1-year high of $73.54. The company has a market capitalization of $3.63 billion, a PE ratio of 29.80 and a beta of 1.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50-day moving average of $65.08 and a 200-day moving average of $65.46.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.The firm had revenue of $158.86 million for the quarter.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 21st were given a dividend of $0.16 per share. The ex-dividend date was Friday, August 21st. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. St. Joe’s dividend payout ratio (DPR) is presently 29.91%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

St. Joe Profile

The St. Joe Company (NYSE: JOE) is a real estate development, asset management and operating company focused primarily on Northwest Florida. The company develops residential communities, commercial properties, resorts and other lifestyle-oriented destinations, with activities concentrated in Bay, Gulf, Walton and surrounding counties.

St. Joe’s residential development business includes master-planned communities and housing-related projects such as Watersound Origins and other Watersound-branded developments.