Zurcher Kantonalbank Zurich Cantonalbank Has $440,000 Position in The St. Joe Company (NYSE:JOE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in The St. Joe Company (NYSE:JOE) by 41.9% during the fourth quarter, HoldingsChannel reports. The fund owned 7,308 shares of the financial services provider’s stock after purchasing an additional 2,158 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in St. Joe were worth $440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Algert Global LLC grew its position in St. Joe by 120.8% in the third quarter. Algert Global LLC now owns 154,370 shares of the financial services provider’s stock worth $8,387,000 after acquiring an additional 84,463 shares in the last quarter. GSA Capital Partners LLP bought a new stake in St. Joe in the third quarter worth $1,779,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in St. Joe during the third quarter worth $1,576,000. EAM Investors LLC bought a new position in St. Joe during the third quarter valued at about $1,480,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of St. Joe in the third quarter worth about $1,298,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at St. Joe

In other St. Joe news, Director Bruce R. Berkowitz sold 1,500 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $59.19, for a total transaction of $88,785.00. Following the completion of the transaction, the director now owns 19,227,224 shares of the company’s stock, valued at approximately $1,138,059,388.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other St. Joe news, Director Bruce R. Berkowitz sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $59.19, for a total value of $88,785.00. Following the sale, the director now owns 19,227,224 shares of the company’s stock, valued at approximately $1,138,059,388.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce R. Berkowitz sold 2,600 shares of St. Joe stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $59.05, for a total value of $153,530.00. Following the completion of the transaction, the director now directly owns 19,224,624 shares in the company, valued at $1,135,214,047.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,900 shares of company stock worth $6,023,274. 38.80% of the stock is owned by insiders.

St. Joe Stock Performance

JOE opened at $58.84 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $3.44 billion, a PE ratio of 42.03 and a beta of 1.30. The stock has a 50-day moving average of $55.56 and a 200-day moving average of $54.58. The St. Joe Company has a 52-week low of $40.36 and a 52-week high of $65.99.

St. Joe (NYSE:JOE) last posted its earnings results 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 11.69% and a net margin of 20.10%. The firm had revenue of $86.70 million during the quarter.

St. Joe Announces Dividend

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

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.