St. Joe Company (The) $JOE Shares Bought by River Road Asset Management LLC

River Road Asset Management LLC grew its stake in shares of St. Joe Company (The) (NYSE:JOE) by 86.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,830 shares of the financial services provider’s stock after purchasing an additional 86,365 shares during the period. River Road Asset Management LLC’s holdings in St. Joe were worth $9,435,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its holdings in shares of St. Joe by 2,265.5% in the second quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock worth $33,000 after buying an additional 657 shares during the period. MAI Capital Management grew its position in St. Joe by 120.8% during the 1st quarter. MAI Capital Management now owns 1,104 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 604 shares in the last quarter. GAMMA Investing LLC grew its position in St. Joe by 21.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,295 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 226 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in St. Joe by 6.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,890 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 237 shares during the period. Finally, Savant Capital LLC purchased a new stake in shares of St. Joe in the second quarter valued at $220,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Wall Street Analyst Weigh In

JOE has been the topic of a number of research analyst reports. Wall Street Zen upgraded St. Joe from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of St. Joe in a research report on Tuesday, November 25th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, St. Joe currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 104,100 shares of St. Joe stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $51.08, for a total value of $5,317,428.00. Following the completion of the sale, the insider directly owned 16,324,624 shares in the company, valued at $833,861,793.92. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.32% of the company’s stock.

St. Joe Trading Up 1.3%

NYSE JOE opened at $61.11 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. St. Joe Company has a 1-year low of $40.19 and a 1-year high of $61.82. The firm’s fifty day simple moving average is $53.32 and its 200-day simple moving average is $50.46. The company has a market capitalization of $3.53 billion, a PE ratio of 33.95 and a beta of 1.44.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. St. Joe had a return on equity of 14.10% and a net margin of 21.40%.The firm had revenue of $161.08 million during the quarter.

St. Joe Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Thursday, November 13th will be issued a $0.16 dividend. This is an increase from St. Joe’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, November 13th. St. Joe’s dividend payout ratio is currently 35.56%.

About St. Joe

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.