St. Joe Company (The) $JOE Shares Sold by Comerica Bank

Comerica Bank lowered its stake in St. Joe Company (The) (NYSE:JOE) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,684 shares of the financial services provider’s stock after selling 258 shares during the quarter. Comerica Bank’s holdings in St. Joe were worth $642,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Cresset Asset Management LLC acquired a new stake in St. Joe in the first quarter worth about $237,000. Nations Financial Group Inc. IA ADV lifted its holdings in St. Joe by 13.1% in the first quarter. Nations Financial Group Inc. IA ADV now owns 25,900 shares of the financial services provider’s stock worth $1,216,000 after purchasing an additional 3,000 shares during the period. American Century Companies Inc. lifted its holdings in St. Joe by 234.7% in the first quarter. American Century Companies Inc. now owns 20,595 shares of the financial services provider’s stock worth $967,000 after purchasing an additional 14,442 shares during the period. Russell Investments Group Ltd. lifted its holdings in St. Joe by 21.1% in the first quarter. Russell Investments Group Ltd. now owns 35,237 shares of the financial services provider’s stock worth $1,654,000 after purchasing an additional 6,136 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in St. Joe by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 120,371 shares of the financial services provider’s stock worth $5,651,000 after purchasing an additional 25,794 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Price Performance

NYSE JOE opened at $51.13 on Monday. The stock’s 50-day moving average price is $50.24 and its two-hundred day moving average price is $46.91. 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 market cap of $2.96 billion, a PE ratio of 36.01 and a beta of 1.35. St. Joe Company has a 1 year low of $40.19 and a 1 year high of $62.49.

St. Joe (NYSE:JOE) last posted its quarterly earnings data 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 for the quarter. St. Joe had a return on equity of 11.19% and a net margin of 19.39%.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders 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 yield of 1.1%. The ex-dividend date is Friday, August 22nd. St. Joe’s payout ratio is presently 39.44%.

Analysts Set New Price Targets

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

Insider Transactions at St. Joe

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 25,300 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.00, for a total transaction of $1,290,300.00. Following the sale, the insider owned 16,428,724 shares in the company, valued at approximately $837,864,924. The trade was a 0.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 511,900 shares of company stock worth $26,022,717. 38.80% of the stock is currently owned by insiders.

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.