The St. Joe Company (NYSE:JOE) Stock Position Increased by Millennium Management LLC

Millennium Management LLC raised its position in shares of The St. Joe Company (NYSE:JOE) by 2,785.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,917 shares of the financial services provider’s stock after purchasing an additional 202,642 shares during the period. Millennium Management LLC owned 0.36% of St. Joe worth $9,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of St. Joe by 277.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 585 shares of the financial services provider’s stock worth $26,000 after buying an additional 430 shares during the period. Lazard Asset Management LLC acquired a new stake in St. Joe in the 4th quarter valued at approximately $38,000. Campbell Capital Management Inc. bought a new stake in St. Joe during the 4th quarter valued at $67,000. KBC Group NV boosted its position in St. Joe by 38.8% during the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 576 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of St. Joe in the fourth quarter worth $210,000. Institutional investors own 86.67% of the company’s stock.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 95,700 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $47.11, for a total transaction of $4,508,427.00. Following the completion of the transaction, the insider now owns 17,162,524 shares of the company’s stock, valued at $808,526,505.64. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 300,000 shares of company stock worth $14,113,022 over the last quarter. 0.32% of the stock is currently owned by company insiders.

St. Joe Price Performance

Shares of JOE opened at $43.29 on Monday. The St. Joe Company has a one year low of $40.19 and a one year high of $64.69. The stock’s fifty day moving average is $44.16 and its 200-day moving average is $46.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 36.68 and a beta of 1.37.

St. Joe (NYSE:JOE) last announced its earnings results 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 firm had revenue of $94.20 million during the quarter.

St. Joe Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.29%. St. Joe’s dividend payout ratio 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.