St. Joe (NYSE:JOE) Posts Earnings Results

St. Joe (NYSE:JOE) released its quarterly earnings results on Wednesday. The financial services provider reported $0.24 EPS for the quarter, FiscalAI reports. St. Joe had a return on equity of 14.63% and a net margin of 21.61%.The firm had revenue of $99.04 million for the quarter.

St. Joe Stock Performance

Shares of JOE stock traded down $3.05 during trading on Friday, hitting $61.52. The company’s stock had a trading volume of 551,550 shares, compared to its average volume of 220,596. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.54 billion, a PE ratio of 31.71 and a beta of 1.39. The business has a fifty day moving average of $67.85 and a 200-day moving average of $63.07. St. Joe has a 52 week low of $42.65 and a 52 week high of $73.54.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Tuesday, June 9th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. St. Joe’s dividend payout ratio is currently 32.99%.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 21,100 shares of St. Joe stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $72.22, for a total value of $1,523,842.00. Following the sale, the insider owned 16,073,624 shares of the company’s stock, valued at approximately $1,160,837,125.28. The trade was a 0.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 77,500 shares of company stock valued at $5,588,638. Insiders own 0.35% of the company’s stock.

Institutional Trading of St. Joe

A number of hedge funds and other institutional investors have recently bought and sold shares of JOE. Vanguard Group Inc. increased its holdings in shares of St. Joe by 3.1% in the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after purchasing an additional 179,877 shares during the period. State Street Corp increased its holdings in shares of St. Joe by 1.5% in the fourth quarter. State Street Corp now owns 1,430,583 shares of the financial services provider’s stock worth $84,934,000 after purchasing an additional 21,309 shares during the period. Geode Capital Management LLC grew its position in St. Joe by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 994,963 shares of the financial services provider’s stock worth $59,081,000 after acquiring an additional 11,621 shares in the last quarter. Nitor Capital Management LLC purchased a new position in St. Joe in the fourth quarter worth $31,789,000. Finally, Victory Capital Management Inc. grew its position in St. Joe by 5.4% in the fourth quarter. Victory Capital Management Inc. now owns 429,376 shares of the financial services provider’s stock worth $25,492,000 after acquiring an additional 21,938 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

St. Joe Company Profile

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.