Private Advisor Group LLC Lowers Position in St. Joe Company (The) (NYSE:JOE)

Private Advisor Group LLC decreased its stake in shares of St. Joe Company (The) (NYSE:JOE) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,611 shares of the financial services provider’s stock after selling 830 shares during the period. Private Advisor Group LLC’s holdings in St. Joe were worth $263,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JOE. Cutter & CO Brokerage Inc. acquired a new stake in St. Joe during the first quarter worth about $2,379,000. CWM LLC grew its holdings in shares of St. Joe by 472.4% during the 1st quarter. CWM LLC now owns 3,709 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 3,061 shares during the period. Mraz Amerine & Associates Inc. increased its position in St. Joe by 8.2% during the 1st quarter. Mraz Amerine & Associates Inc. now owns 43,815 shares of the financial services provider’s stock worth $2,029,000 after purchasing an additional 3,315 shares in the last quarter. Brown Advisory Inc. acquired a new stake in St. Joe during the 1st quarter worth approximately $243,000. Finally, Envestnet Asset Management Inc. raised its holdings in St. Joe by 37.6% in the first quarter. Envestnet Asset Management Inc. now owns 18,615 shares of the financial services provider’s stock valued at $874,000 after buying an additional 5,087 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Sunday, June 8th.

St. Joe Stock Down 1.3%

Shares of St. Joe stock opened at $49.84 on Friday. St. Joe Company has a twelve month low of $40.19 and a twelve month high of $62.49. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 35.10 and a beta of 1.37. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $48.16 and a 200 day moving average price of $46.49.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.51 EPS 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 for the quarter.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 annualized dividend and a yield of 1.1%. St. Joe’s dividend payout ratio (DPR) is 39.44%.

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.