The St. Joe Company (NYSE:JOE) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE raised its position in The St. Joe Company (NYSE:JOE) by 23.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,541 shares of the financial services provider’s stock after purchasing an additional 34,382 shares during the quarter. Bank of America Corp DE owned about 0.31% of St. Joe worth $8,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JOE. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 252,906 shares during the period. Berkley W R Corp acquired a new position in shares of St. Joe in the 4th quarter valued at $9,415,000. Norges Bank purchased a new position in shares of St. Joe during the fourth quarter worth about $4,981,000. Raymond James Financial Inc. acquired a new stake in shares of St. Joe during the fourth quarter worth $4,657,000. Finally, Marshall Wace LLP purchased a new position in St. Joe during the fourth quarter worth about $2,628,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Bruce R. Berkowitz sold 41,100 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $47.06, for a total transaction of $1,934,166.00. Following the completion of the transaction, the insider now owns 17,310,124 shares of the company’s stock, valued at approximately $814,614,435.44. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 300,000 shares of company stock valued at $14,113,022 in the last quarter. 0.32% of the stock is currently owned by company insiders.

St. Joe Trading Up 0.0%

Shares of JOE stock opened at $43.29 on Monday. 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. The business’s fifty day moving average price is $44.16 and its 200 day moving average price is $46.30. The firm has a market capitalization of $2.52 billion, a PE ratio of 36.68 and a beta of 1.37.

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

St. Joe Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 annualized dividend and a dividend yield of 1.29%. St. Joe’s dividend payout ratio is currently 42.11%.

St. Joe 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.