MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Holdings in The St. Joe Company (NYSE:JOE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in The St. Joe Company (NYSE:JOE) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,508 shares of the financial services provider’s stock after purchasing an additional 782 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in St. Joe were worth $921,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of JOE. Arete Wealth Advisors LLC raised its position in St. Joe by 5.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 243 shares during the period. Carmel Capital Partners LLC grew its stake in shares of St. Joe by 4.6% during the fourth quarter. Carmel Capital Partners LLC now owns 8,516 shares of the financial services provider’s stock valued at $383,000 after buying an additional 375 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of St. Joe by 277.4% in 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. Legacy Capital Group California Inc. increased its holdings in shares of St. Joe by 12.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 4,899 shares of the financial services provider’s stock worth $220,000 after buying an additional 540 shares during the period. Finally, KBC Group NV lifted its stake in shares of St. Joe by 38.8% in the 4th quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 576 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

St. Joe Price Performance

JOE opened at $43.29 on Tuesday. 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 stock’s 50 day simple moving average is $44.09 and its 200 day simple moving average is $46.24. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 36.68 and a beta of 1.37. 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 issued 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 for 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 issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Tuesday, June 10th. St. Joe’s dividend payout ratio (DPR) is presently 42.11%.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 95,700 shares of St. Joe stock in a transaction that occurred on Friday, March 7th. The stock was 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 approximately $808,526,505.64. This trade represents a 0.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 300,000 shares of company stock worth $14,113,022. 0.32% of the stock is currently owned by company 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.