Victory Capital Management Inc. Sells 15,546 Shares of St. Joe Company (The) (NYSE:JOE)

Victory Capital Management Inc. cut its stake in shares of St. Joe Company (The) (NYSE:JOE) by 40.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,340 shares of the financial services provider’s stock after selling 15,546 shares during the period. Victory Capital Management Inc.’s holdings in St. Joe were worth $1,096,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Lazard Asset Management LLC bought a new position in St. Joe during the fourth quarter valued at about $38,000. CWM LLC grew its position in St. Joe by 472.4% during the first quarter. CWM LLC now owns 3,709 shares of the financial services provider’s stock valued at $174,000 after buying an additional 3,061 shares during the period. XTX Topco Ltd bought a new position in St. Joe during the fourth quarter valued at about $210,000. Polymer Capital Management US LLC bought a new position in St. Joe during the fourth quarter valued at about $223,000. Finally, Bridgefront Capital LLC bought a new position in St. Joe during the fourth quarter valued at about $225,000. 86.67% of the stock is currently owned by institutional investors.

St. Joe Trading Down 1.0%

Shares of JOE opened at $51.33 on Thursday. The business has a 50-day moving average of $47.89 and a 200 day moving average of $46.44. St. Joe Company has a fifty-two week low of $40.19 and a fifty-two week high of $62.90. The firm has a market cap of $2.97 billion, a P/E ratio of 36.15 and a beta of 1.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter. St. Joe had a return on equity of 11.19% and a net margin of 19.39%. The company had revenue of $129.10 million during the quarter.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, August 22nd. St. Joe’s dividend payout ratio (DPR) is currently 39.44%.

Wall Street Analyst Weigh In

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

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.