Strs Ohio Decreases Stock Holdings in The St. Joe Company (NYSE:JOE)

Strs Ohio decreased its holdings in shares of The St. Joe Company (NYSE:JOE) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,000 shares of the financial services provider’s stock after selling 300 shares during the period. Strs Ohio’s holdings in St. Joe were worth $421,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in St. Joe during the third quarter valued at $1,779,000. Louisiana State Employees Retirement System purchased a new stake in shares of St. Joe in the fourth quarter valued at $1,071,000. Northern Trust Corp raised its stake in shares of 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. Teza Capital Management LLC purchased a new stake in shares of St. Joe in the third quarter valued at $298,000. Finally, Raymond James & Associates raised its stake 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 valued at $1,713,000 after acquiring an additional 252 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Trading Up 1.2 %

Shares of JOE opened at $58.53 on Monday. The St. Joe Company has a twelve month low of $38.81 and a twelve month high of $65.99. The company has a market cap of $3.42 billion, a P/E ratio of 41.81 and a beta of 1.30. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The company’s fifty day simple moving average is $55.33 and its 200-day simple moving average is $54.44.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. St. Joe had a net margin of 20.10% and a return on equity of 11.69%. The business had revenue of $86.70 million for the quarter.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, May 14th. St. Joe’s dividend payout ratio is presently 34.29%.

Insider Buying and Selling

In related news, Director Bruce R. Berkowitz sold 7,300 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $54.28, for a total value of $396,244.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other St. Joe news, Director Bruce R. Berkowitz sold 88,700 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $54.03, for a total transaction of $4,792,461.00. Following the transaction, the director now directly owns 19,236,024 shares in the company, valued at approximately $1,039,322,376.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Berkowitz sold 7,300 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $54.28, for a total transaction of $396,244.00. Following the transaction, the director now owns 19,228,724 shares in the company, valued at $1,043,735,138.72. The disclosure for this sale can be found here. Insiders have sold 106,800 shares of company stock valued at $5,780,959 in the last 90 days. Company insiders own 38.80% of the company’s stock.

St. Joe 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.