Geode Capital Management LLC Raises Stock Position in The St. Joe Company (NYSE:JOE)

Geode Capital Management LLC increased its stake in shares of The St. Joe Company (NYSE:JOE) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 906,668 shares of the financial services provider’s stock after purchasing an additional 8,031 shares during the quarter. Geode Capital Management LLC owned 1.55% of St. Joe worth $40,746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in St. Joe by 5.7% in the 3rd quarter. State Street Corp now owns 1,396,046 shares of the financial services provider’s stock valued at $81,403,000 after buying an additional 75,374 shares during the period. Barclays PLC increased its position in shares of St. Joe by 404.5% in the 3rd quarter. Barclays PLC now owns 64,990 shares of the financial services provider’s stock valued at $3,790,000 after acquiring an additional 52,107 shares during the period. Virtu Financial LLC purchased a new stake in shares of St. Joe in the 3rd quarter valued at $245,000. JPMorgan Chase & Co. raised its position in St. Joe by 30.4% during the third quarter. JPMorgan Chase & Co. now owns 152,565 shares of the financial services provider’s stock valued at $8,896,000 after acquiring an additional 35,600 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its stake in shares of St. Joe by 49.7% during the 4th quarter. Annex Advisory Services LLC now owns 42,656 shares of the financial services provider’s stock worth $1,917,000 after acquiring an additional 14,155 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insider Activity at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $47.00, for a total transaction of $7,534,100.00. Following the sale, the insider now owns 17,000,724 shares in the company, valued at $799,034,028. This represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 300,000 shares of company stock worth $14,113,022. 38.80% of the stock is currently owned by company insiders.

St. Joe Stock Performance

JOE opened at $42.64 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.85. The St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 36.14 and a beta of 1.28. The firm’s fifty day simple moving average is $45.83 and its two-hundred day simple moving average is $48.78.

St. Joe (NYSE:JOE) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported $0.32 EPS for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The firm had revenue of $104.30 million during the quarter.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Monday, March 10th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Monday, March 10th. St. Joe’s dividend payout ratio (DPR) is 44.09%.

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.