BNP Paribas Financial Markets Lowers Holdings in The St. Joe Company (NYSE:JOE)

BNP Paribas Financial Markets lowered its position in shares of The St. Joe Company (NYSE:JOE) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,871 shares of the financial services provider’s stock after selling 2,090 shares during the quarter. BNP Paribas Financial Markets’ holdings in St. Joe were worth $758,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in JOE. Vanguard Group Inc. raised its holdings in St. Joe by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,197,402 shares of the financial services provider’s stock worth $278,449,000 after purchasing an additional 252,906 shares in the last quarter. Berkley W R Corp acquired a new position in St. Joe during the 4th quarter worth approximately $9,415,000. Norges Bank purchased a new position in shares of St. Joe during the 4th quarter worth approximately $4,981,000. Raymond James Financial Inc. acquired a new stake in shares of St. Joe in the 4th quarter valued at approximately $4,657,000. Finally, Marshall Wace LLP acquired a new stake in shares of St. Joe in the 4th quarter valued at approximately $2,628,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

Insider Activity

In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $47.11, for a total value of $4,508,427.00. Following the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 300,000 shares of company stock worth $14,113,022. Company insiders own 0.32% of the company’s stock.

St. Joe Trading Down 0.2%

Shares of JOE stock opened at $43.25 on Friday. The business’s fifty day moving average price is $44.23 and its 200 day moving average price is $46.46. The firm has a market capitalization of $2.52 billion, a PE ratio of 36.66 and a beta of 1.37. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34. The St. Joe Company has a 1-year low of $40.19 and a 1-year high of $64.69.

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

St. Joe Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.29%. St. Joe’s dividend payout ratio (DPR) is presently 42.11%.

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.