St. Joe (NYSE:JOE) Major Shareholder Bruce Berkowitz Sells 13,900 Shares of Stock

St. Joe Company (The) (NYSE:JOE) major shareholder Bruce Berkowitz sold 13,900 shares of the stock in a transaction on Friday, January 16th. The stock was sold at an average price of $65.50, for a total value of $910,450.00. Following the sale, the insider directly owned 16,151,124 shares in the company, valued at approximately $1,057,898,622. This trade represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

St. Joe Stock Down 2.1%

JOE stock opened at $64.04 on Wednesday. St. Joe Company has a 52 week low of $40.19 and a 52 week high of $66.08. The business has a 50-day simple moving average of $60.78 and a 200 day simple moving average of $54.37. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.75. The company has a market cap of $3.70 billion, a PE ratio of 35.58 and a beta of 1.32.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $161.08 million for the quarter. St. Joe had a net margin of 21.40% and a return on equity of 13.96%.

St. Joe Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, November 13th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. This is a positive change from St. Joe’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, November 13th. St. Joe’s payout ratio is 35.56%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JOE. Wall Street Zen upgraded St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Key St. Joe News

Here are the key news stories impacting St. Joe this week:

• Neutral Sentiment: Local sports and personnel stories referencing “St. Joe” are unrelated to The St. Joe Company and are unlikely to affect JOE’s fundamentals. Hannah Prince was hired as Penn State’s head field hockey coach. St. Joe’s Hannah Prince Hired as Penn State Head Field Hockey Coach
• Neutral Sentiment: Media pieces on a 16‑year‑old St. Joe’s Prep pitcher (Cole Kuhn breaking 100+ mph) are local sports coverage and do not relate to The St. Joe Company’s business drivers. At just 16, St. Joe’s Prep pitcher Cole Kuhn already throwing 101 mph
• Neutral Sentiment: Local municipal and college-sports coverage (mayoral candidate forums; St. Joseph city council; college basketball recaps) similarly appear disconnected from JOE’s operations and financing. Example: mayoral candidate forum coverage. St. Joseph mayoral candidates make pitch in community forum as February primary nears
• Negative Sentiment: Insider selling by major shareholder Bruce R. Berkowitz: filings show he sold 87,700 shares on Jan. 15 at an average ~$65.51 (≈$5.75M) and 13,900 shares on Jan. 16 at ~$65.50 (≈$0.91M), ~101,600 shares total disclosed; his stake fell by ~0.63% across the two transactions though he still holds >16M shares (>10% ownership). Such large, disclosed insider sales can weigh on sentiment and help explain downward pressure on the stock. SEC filing: SEC ownership filing — summary of trades: Bruce Berkowitz insider trades

Hedge Funds Weigh In On St. Joe

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of St. Joe by 3.1% during the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after purchasing an additional 179,877 shares during the last quarter. State Street Corp boosted its position in St. Joe by 0.7% during the 2nd quarter. State Street Corp now owns 1,396,004 shares of the financial services provider’s stock worth $66,589,000 after buying an additional 9,301 shares during the period. Geode Capital Management LLC grew its holdings in St. Joe by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 957,098 shares of the financial services provider’s stock worth $45,658,000 after acquiring an additional 23,320 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in St. Joe by 1.0% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock valued at $26,516,000 after acquiring an additional 5,552 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of St. Joe by 54.7% during the third quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock valued at $20,160,000 after acquiring an additional 144,121 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.