Principal Financial Group Inc. Buys 4,324 Shares of St. Joe Company (The) (NYSE:JOE)

Principal Financial Group Inc. boosted its holdings in St. Joe Company (The) (NYSE:JOE) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,390 shares of the financial services provider’s stock after buying an additional 4,324 shares during the period. Principal Financial Group Inc. owned approximately 0.33% of St. Joe worth $8,892,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new stake in St. Joe in the 4th quarter valued at $38,000. XTX Topco Ltd bought a new position in St. Joe in the fourth quarter valued at about $210,000. Polymer Capital Management US LLC acquired a new position in St. Joe in the fourth quarter valued at about $223,000. Bridgefront Capital LLC acquired a new position in St. Joe in the fourth quarter valued at about $225,000. Finally, Arete Wealth Advisors LLC lifted its stake in St. Joe by 5.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock valued at $226,000 after buying an additional 243 shares during the period. 86.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Sunday, June 8th.

St. Joe Stock Performance

NYSE:JOE opened at $51.67 on Tuesday. The stock has a market cap of $3.01 billion, a P/E ratio of 38.85 and a beta of 1.36. The stock has a 50 day simple moving average of $46.43 and a 200 day simple moving average of $45.91. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83. St. Joe Company has a 1-year low of $40.19 and a 1-year high of $64.69.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 earnings per share for the quarter. The firm had revenue of $94.20 million during the quarter. St. Joe had a return on equity of 10.62% and a net margin of 18.99%.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 10th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a yield of 1.08%. St. Joe’s dividend payout ratio is currently 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.