Raymond James & Associates Has $1.92 Million Stake in The St. Joe Company (NYSE:JOE)

Raymond James & Associates lifted its position in shares of The St. Joe Company (NYSE:JOE) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,827 shares of the financial services provider’s stock after purchasing an additional 296 shares during the quarter. Raymond James & Associates’ holdings in St. Joe were worth $1,915,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of St. Joe by 0.4% during the third quarter. Vanguard Group Inc. now owns 5,621,355 shares of the financial services provider’s stock worth $180,052,000 after purchasing an additional 22,709 shares during the period. BlackRock Inc. raised its position in St. Joe by 3.3% in the 3rd quarter. BlackRock Inc. now owns 5,252,502 shares of the financial services provider’s stock valued at $168,239,000 after buying an additional 166,505 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in St. Joe by 23.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,912,910 shares of the financial services provider’s stock valued at $112,584,000 after acquiring an additional 561,323 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in St. Joe by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,550,343 shares of the financial services provider’s stock valued at $64,508,000 after acquiring an additional 43,383 shares in the last quarter. Finally, State Street Corp lifted its stake in St. Joe by 2.3% during the 2nd quarter. State Street Corp now owns 1,155,973 shares of the financial services provider’s stock valued at $55,880,000 after acquiring an additional 25,502 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 3,200 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $54.85, for a total transaction of $175,520.00. Following the transaction, the director now directly owns 19,387,024 shares in the company, valued at approximately $1,063,378,266.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Bruce R. Berkowitz sold 3,100 shares of St. Joe stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $54.04, for a total transaction of $167,524.00. Following the sale, the director now directly owns 19,327,424 shares in the company, valued at approximately $1,044,453,992.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bruce R. Berkowitz sold 3,200 shares of St. Joe stock in a transaction on Monday, February 26th. The stock was sold at an average price of $54.85, for a total value of $175,520.00. Following the sale, the director now owns 19,387,024 shares in the company, valued at $1,063,378,266.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,800 shares of company stock worth $5,780,959. Corporate insiders own 38.80% of the company’s stock.

St. Joe Price Performance

Shares of NYSE:JOE opened at $54.66 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.90. The stock’s fifty day simple moving average is $55.08 and its two-hundred day simple moving average is $54.28. The St. Joe Company has a 1-year low of $38.81 and a 1-year high of $65.99. The stock has a market cap of $3.19 billion, a PE ratio of 40.79 and a beta of 1.30.

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

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Monday, March 4th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.88%. The ex-dividend date was Friday, March 1st. St. Joe’s dividend payout ratio (DPR) is presently 35.82%.

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.