Public Employees Retirement Association of Colorado Sells 521 Shares of The St. Joe Company (NYSE:JOE)

Public Employees Retirement Association of Colorado lessened its holdings in shares of The St. Joe Company (NYSE:JOE) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,094 shares of the financial services provider’s stock after selling 521 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in St. Joe were worth $279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of St. Joe during the 4th quarter worth approximately $13,952,000. Wells Fargo & Company MN increased its holdings in shares of St. Joe by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 186,939 shares of the financial services provider’s stock valued at $11,250,000 after purchasing an additional 6,304 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of St. Joe in the fourth quarter valued at about $203,000. Capital Research Global Investors raised its position in shares of St. Joe by 41.0% in the fourth quarter. Capital Research Global Investors now owns 235,601 shares of the financial services provider’s stock valued at $14,178,000 after purchasing an additional 68,500 shares during the period. Finally, Annex Advisory Services LLC boosted its holdings in shares of St. Joe by 45.1% during the 4th quarter. Annex Advisory Services LLC now owns 15,223 shares of the financial services provider’s stock worth $916,000 after buying an additional 4,734 shares during the period. Institutional investors own 86.67% of the company’s stock.

St. Joe Stock Up 0.4 %

Shares of JOE opened at $59.04 on Friday. The firm’s 50-day simple moving average is $59.17 and its 200 day simple moving average is $57.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $3.45 billion, a P/E ratio of 42.17 and a beta of 1.26. The St. Joe Company has a 52 week low of $45.93 and a 52 week high of $64.69.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter. The company had revenue of $111.60 million for the quarter. St. Joe had a return on equity of 10.07% and a net margin of 18.32%.

St. Joe Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from St. Joe’s previous quarterly dividend of $0.12. St. Joe’s dividend payout ratio (DPR) is currently 40.00%.

Insider Activity

In other St. Joe news, Director Bruce R. Berkowitz sold 54,000 shares of St. Joe stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $63.76, for a total value of $3,443,040.00. Following the completion of the sale, the director now owns 18,200,624 shares in the company, valued at approximately $1,160,471,786.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Bruce R. Berkowitz sold 51,600 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $62.28, for a total transaction of $3,213,648.00. Following the sale, the director now owns 18,030,924 shares of the company’s stock, valued at $1,122,965,946.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bruce R. Berkowitz sold 54,000 shares of St. Joe stock in a transaction on Friday, July 26th. The shares were sold at an average price of $63.76, for a total value of $3,443,040.00. Following the completion of the transaction, the director now directly owns 18,200,624 shares of the company’s stock, valued at $1,160,471,786.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 285,000 shares of company stock valued at $17,558,573. 38.80% of the stock is owned by company insiders.

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.