St. Joe (NYSE:JOE) Major Shareholder Sells $422,824.00 in Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 6,800 shares of St. Joe stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $62.18, for a total transaction of $422,824.00. Following the completion of the transaction, the insider directly owned 16,258,824 shares in the company, valued at approximately $1,010,973,676.32. The trade was a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

St. Joe Trading Down 0.2%

JOE traded down $0.13 during trading on Wednesday, hitting $61.69. 251,429 shares of the stock traded hands, compared to its average volume of 214,102. The firm has a market capitalization of $3.56 billion, a P/E ratio of 34.27 and a beta of 1.37. St. Joe Company has a 12-month low of $40.19 and a 12-month high of $63.13. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a 50-day moving average of $56.30 and a 200 day moving average of $51.84.

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. The firm had revenue of $161.08 million for the quarter. St. Joe had a net margin of 21.40% and a return on equity of 13.96%.

St. Joe Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, November 13th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from St. Joe’s previous quarterly dividend of $0.14. St. Joe’s payout ratio is presently 35.56%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Financial Consulate Inc. purchased a new stake in St. Joe in the 3rd quarter worth $31,000. EverSource Wealth Advisors LLC grew its position in shares of St. Joe by 155.7% during the second 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 in the last quarter. Parkside Financial Bank & Trust grew its position in shares of St. Joe by 2,265.5% during the second quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 657 shares in the last quarter. Quarry LP bought a new stake in St. Joe during the 3rd quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC lifted its holdings in St. Joe by 31.8% in 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 in the last quarter. Institutional investors own 86.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a research report on Monday. Wall Street Zen upgraded St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, St. Joe currently has an average rating of “Buy”.

St. Joe Company Profile

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.