Journey Advisory Group LLC Cuts Stock Position in St. Joe Company (The) $JOE

Journey Advisory Group LLC trimmed its stake in shares of St. Joe Company (The) (NYSE:JOE) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,438 shares of the financial services provider’s stock after selling 1,150 shares during the quarter. Journey Advisory Group LLC owned 0.14% of St. Joe worth $3,980,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of St. Joe by 1.8% in 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 acquiring an additional 6,538 shares during the period. Schwartz Investment Counsel Inc. raised its position in St. Joe by 23.1% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 330,400 shares of the financial services provider’s stock valued at $15,512,000 after purchasing an additional 62,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in St. Joe by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 189,390 shares of the financial services provider’s stock worth $8,892,000 after purchasing an additional 4,324 shares during the period. Nuveen LLC acquired a new stake in St. Joe during the 1st quarter worth $7,195,000. Finally, Public Sector Pension Investment Board grew its position in St. Joe by 27.3% during the 1st 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 last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Trading Down 1.2%

St. Joe stock opened at $48.09 on Monday. The stock has a 50-day moving average price of $49.87 and a 200 day moving average price of $47.57. St. Joe Company has a 52 week low of $40.19 and a 52 week high of $60.04. The stock has a market cap of $2.78 billion, a PE ratio of 33.86 and a beta of 1.31. 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 released its earnings results 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 firm had revenue of $129.10 million during the quarter.

St. Joe Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 22nd. St. Joe’s dividend payout ratio (DPR) is presently 39.44%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of St. Joe in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Insider Buying and Selling

In other news, major shareholder Bruce R. Berkowitz sold 167,500 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $51.44, for a total value of $8,616,200.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 616,000 shares of company stock worth $31,340,145. Insiders own 38.80% of the company’s stock.

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.