Louisiana State Employees Retirement System Buys Shares of 17,800 The St. Joe Company (NYSE:JOE)

Louisiana State Employees Retirement System bought a new stake in The St. Joe Company (NYSE:JOE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,800 shares of the financial services provider’s stock, valued at approximately $1,071,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Northern Trust Corp boosted its stake in St. Joe by 5.5% in the third 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. Charles Schwab Investment Management Inc. boosted its stake in St. Joe by 7.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 282,294 shares of the financial services provider’s stock valued at $15,337,000 after acquiring an additional 18,887 shares during the period. Algert Global LLC boosted its position in shares of St. Joe by 120.8% during the third quarter. Algert Global LLC now owns 154,370 shares of the financial services provider’s stock worth $8,387,000 after buying an additional 84,463 shares during the period. Invesco Ltd. boosted its position in shares of St. Joe by 3.2% during the third quarter. Invesco Ltd. now owns 150,101 shares of the financial services provider’s stock worth $8,155,000 after buying an additional 4,710 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of St. Joe by 1.7% during the third quarter. Rhumbline Advisers now owns 106,580 shares of the financial services provider’s stock worth $5,790,000 after buying an additional 1,829 shares during the period. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Stock Performance

Shares of NYSE JOE opened at $57.03 on Wednesday. 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 has a 50 day simple moving average of $55.13 and a 200-day simple moving average of $54.35. The company has a market cap of $3.33 billion, a PE ratio of 42.56 and a beta of 1.30. The St. Joe Company has a 12-month low of $38.81 and a 12-month high of $65.99.

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

St. Joe Announces Dividend

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

Insider Transactions at St. Joe

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

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.