BNP Paribas Financial Markets Sells 24,074 Shares of The St. Joe Company (NYSE:JOE)

BNP Paribas Financial Markets trimmed its holdings in shares of The St. Joe Company (NYSE:JOEFree Report) by 47.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,958 shares of the financial services provider’s stock after selling 24,074 shares during the quarter. BNP Paribas Financial Markets’ holdings in St. Joe were worth $1,622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in shares of St. Joe by 1,198.0% in the third quarter. Signaturefd LLC now owns 662 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 611 shares during the period. GAMMA Investing LLC purchased a new position in shares of St. Joe during the fourth quarter worth approximately $67,000. M&T Bank Corp bought a new stake in St. Joe during the 4th quarter valued at $203,000. Atria Wealth Solutions Inc. bought a new stake in shares of St. Joe in the fourth quarter valued at about $218,000. Finally, Private Advisor Group LLC bought a new stake in shares of St. Joe in the 4th quarter valued at about $249,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Bruce R. Berkowitz sold 65,500 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $58.25, for a total transaction of $3,815,375.00. Following the completion of the transaction, the director now directly owns 18,288,924 shares in the company, valued at $1,065,329,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Bruce R. Berkowitz sold 36,600 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $58.96, for a total transaction of $2,157,936.00. Following the transaction, the director now owns 19,131,024 shares in the company, valued at approximately $1,127,965,175.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Berkowitz sold 65,500 shares of St. Joe stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $58.25, for a total transaction of $3,815,375.00. Following the completion of the sale, the director now owns 18,288,924 shares in the company, valued at approximately $1,065,329,823. The disclosure for this sale can be found here. Insiders sold 262,700 shares of company stock valued at $14,915,879 over the last quarter. 38.80% of the stock is currently owned by company insiders.

St. Joe Stock Up 1.3 %

St. Joe stock opened at $56.29 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.89. The firm has a market cap of $3.29 billion, a P/E ratio of 40.21 and a beta of 1.30. The St. Joe Company has a twelve month low of $44.13 and a twelve month high of $65.99. The business has a fifty day moving average of $57.02 and a two-hundred day moving average of $55.70.

St. Joe (NYSE:JOEGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.24 EPS for the quarter. The company had revenue of $87.80 million during the quarter. St. Joe had a return on equity of 11.69% and a net margin of 20.10%.

St. Joe Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.85%. St. Joe’s dividend payout ratio (DPR) is 34.29%.

About St. Joe

(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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