Deutsche Bank AG Sells 2,479 Shares of St. Joe Company (The) $JOE

Deutsche Bank AG reduced its stake in shares of St. Joe Company (The) (NYSE:JOE) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,832 shares of the financial services provider’s stock after selling 2,479 shares during the quarter. Deutsche Bank AG owned about 0.11% of St. Joe worth $3,138,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp grew its stake in shares of St. Joe by 7.4% during the fourth quarter. Northern Trust Corp now owns 434,283 shares of the financial services provider’s stock valued at $19,512,000 after buying an additional 29,918 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of St. Joe by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 371,097 shares of the financial services provider’s stock valued at $17,423,000 after buying an additional 6,538 shares during the last quarter. Schwartz Investment Counsel Inc. grew its stake in shares of St. Joe by 23.1% during the first quarter. Schwartz Investment Counsel Inc. now owns 330,400 shares of the financial services provider’s stock valued at $15,512,000 after buying an additional 62,000 shares during the last quarter. Millennium Management LLC grew its stake in shares of St. Joe by 2,785.5% during the fourth quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider’s stock valued at $9,432,000 after buying an additional 202,642 shares during the last quarter. Finally, Berkley W R Corp bought a new position in shares of St. Joe during the fourth quarter valued at approximately $9,415,000. 86.67% of the stock is owned by institutional investors.

Insider Activity at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 44,000 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $50.72, for a total transaction of $2,231,680.00. Following the completion of the sale, the insider owned 16,590,024 shares in the company, valued at approximately $841,446,017.28. This represents a 0.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 350,600 shares of company stock worth $17,882,167. Corporate insiders own 38.80% of the company’s stock.

St. Joe Stock Down 1.2%

Shares of NYSE JOE opened at $49.62 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 34.94 and a beta of 1.37. The stock has a 50 day moving average price of $49.42 and a 200 day moving average price of $46.63. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $62.49.

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

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, August 22nd. St. Joe’s dividend payout ratio is currently 39.44%.

Analysts Set New Price Targets

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.