St. Joe Company (The) $JOE Shares Bought by Invesco Ltd.

Invesco Ltd. increased its holdings in St. Joe Company (The) (NYSE:JOE) by 84.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,888 shares of the financial services provider’s stock after acquiring an additional 52,603 shares during the quarter. Invesco Ltd. owned approximately 0.20% of St. Joe worth $5,394,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in shares of St. Joe in the 1st quarter valued at $263,000. SG Americas Securities LLC acquired a new position in St. Joe in the first quarter valued at $475,000. Lazard Asset Management LLC acquired a new position in St. Joe in the fourth quarter valued at $38,000. Millennium Management LLC increased its stake in St. Joe by 2,785.5% in the fourth quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider’s stock valued at $9,432,000 after purchasing an additional 202,642 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in St. Joe by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,508 shares of the financial services provider’s stock valued at $921,000 after acquiring an additional 782 shares during the period. 86.67% of the stock is owned by institutional investors and hedge funds.

St. Joe Stock Performance

NYSE JOE opened at $50.84 on Thursday. The business’s 50 day moving average is $49.90 and its two-hundred day moving average is $46.77. St. Joe Company has a 12-month low of $40.19 and a 12-month high of $62.49. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 35.80 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.

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 firm had revenue of $129.10 million for the quarter.

St. Joe Dividend Announcement

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

Insider Buying and Selling at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.44, for a total transaction of $8,616,200.00. Following the transaction, the insider directly owned 16,634,024 shares in the company, valued at approximately $855,654,194.56. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 486,600 shares of company stock worth $24,732,417. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

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

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.