Envestnet Asset Management Inc. Increases Stock Holdings in The St. Joe Company (NYSE:JOE)

Envestnet Asset Management Inc. increased its holdings in The St. Joe Company (NYSE:JOE) by 29.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,528 shares of the financial services provider’s stock after buying an additional 3,049 shares during the period. Envestnet Asset Management Inc.’s holdings in St. Joe were worth $608,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in JOE. Dynamic Technology Lab Private Ltd acquired a new position in St. Joe in the 4th quarter valued at $245,000. Arete Wealth Advisors LLC grew its position in shares of St. Joe by 5.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 243 shares during the period. Geode Capital Management LLC increased its stake in St. Joe by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 906,668 shares of the financial services provider’s stock valued at $40,746,000 after purchasing an additional 8,031 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in St. Joe during the fourth quarter worth about $400,000. Finally, Pictet Asset Management Holding SA boosted its stake in St. Joe by 30.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,521 shares of the financial services provider’s stock worth $248,000 after buying an additional 1,300 shares during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Trading Up 2.3 %

JOE stock opened at $44.03 on Friday. 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 company has a market cap of $2.56 billion, a price-to-earnings ratio of 37.31 and a beta of 1.28. The business has a fifty day simple moving average of $44.63 and a 200-day simple moving average of $47.34. The St. Joe Company has a 52 week low of $40.19 and a 52 week high of $64.69.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%. The company had revenue of $94.20 million during the quarter.

St. Joe Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, June 10th. St. Joe’s dividend payout ratio (DPR) is currently 42.11%.

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the sale, the insider now owns 17,162,524 shares in the company, valued at $808,526,505.64. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 300,000 shares of company stock valued at $14,113,022. 0.32% of the stock is currently owned by corporate insiders.

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.