Vanguard Group Inc. Sells 98,054 Shares of The St. Joe Company (NYSE:JOE)

Vanguard Group Inc. decreased its holdings in The St. Joe Company (NYSE:JOEFree Report) by 1.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,698,987 shares of the financial services provider’s stock after selling 98,054 shares during the period. Vanguard Group Inc. owned about 0.10% of St. Joe worth $309,626,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in shares of St. Joe in the third quarter valued at approximately $1,779,000. Northern Trust Corp lifted its position in shares of St. Joe by 5.5% during the 3rd quarter. Northern Trust Corp now owns 413,648 shares of the financial services provider’s stock valued at $22,473,000 after acquiring an additional 21,497 shares during the period. Teza Capital Management LLC acquired a new stake in shares of St. Joe during the 3rd quarter worth $298,000. Raymond James & Associates increased its position in shares of St. Joe by 0.8% in the third quarter. Raymond James & Associates now owns 31,531 shares of the financial services provider’s stock worth $1,713,000 after purchasing an additional 252 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in St. Joe in the third quarter valued at about $1,576,000. Institutional investors own 86.67% of the company’s stock.

St. Joe Trading Up 2.5 %

Shares of St. Joe stock opened at $57.39 on Thursday. The firm’s 50-day moving average price is $54.76 and its two-hundred day moving average price is $54.26. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 42.83 and a beta of 1.30. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.90. The St. Joe Company has a 12-month low of $38.81 and a 12-month high of $65.99.

St. Joe (NYSE:JOEGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.23 EPS for the quarter. The business had revenue of $86.70 million during the quarter. St. Joe had a net margin of 19.96% and a return on equity of 11.40%.

St. Joe Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Monday, March 4th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, March 1st. St. Joe’s dividend payout ratio (DPR) is presently 35.82%.

Insider Buying and Selling at St. Joe

In other news, Director Bruce R. Berkowitz sold 4,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.38, for a total value of $249,210.00. Following the completion of the transaction, the director now owns 19,390,224 shares of the company’s stock, valued at $1,073,830,605.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Bruce R. Berkowitz sold 7,300 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $54.28, for a total transaction of $396,244.00. Following the sale, the director now owns 19,228,724 shares of the company’s stock, valued at approximately $1,043,735,138.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce R. Berkowitz sold 4,500 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $55.38, for a total value of $249,210.00. Following the sale, the director now owns 19,390,224 shares in the company, valued at approximately $1,073,830,605.12. The disclosure for this sale can be found here. Insiders have sold a total of 106,800 shares of company stock worth $5,780,959 over the last 90 days. Insiders own 41.60% of the company’s stock.

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.

Further Reading

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

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