UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in The St. Joe Company (NYSE:JOE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in The St. Joe Company (NYSE:JOE) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,727 shares of the financial services provider’s stock after selling 3,172 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of St. Joe worth $3,043,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of JOE. Smartleaf Asset Management LLC grew its stake in St. Joe by 277.4% in the 4th 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 in the last quarter. Lazard Asset Management LLC bought a new position in shares of St. Joe during the 4th quarter valued at about $38,000. Campbell Capital Management Inc. purchased a new position in shares of St. Joe during the 4th quarter valued at about $67,000. KBC Group NV boosted its stake in St. Joe by 38.8% in the fourth quarter. KBC Group NV now owns 2,059 shares of the financial services provider’s stock worth $93,000 after buying an additional 576 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of St. Joe during the fourth quarter worth approximately $210,000. Institutional investors own 86.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of St. Joe from a “hold” rating to a “buy” rating in a research report on Saturday, May 31st.

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 160,300 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $47.00, for a total value of $7,534,100.00. Following the sale, the insider now directly owns 17,000,724 shares of the company’s stock, valued at approximately $799,034,028. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

St. Joe Stock Performance

NYSE:JOE opened at $45.31 on Friday. 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 St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $64.69. The firm has a market cap of $2.64 billion, a PE ratio of 38.40 and a beta of 1.37. The business has a 50 day moving average price of $43.76 and a 200-day moving average price of $45.97.

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. The firm had revenue of $94.20 million for the quarter. St. Joe had a net margin of 17.76% and a return on equity of 9.58%.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, June 10th. St. Joe’s payout ratio is currently 42.11%.

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.